Nestled in the heart of Mystic's Historic District, The Captain William Morgan House presents a rare opportunity to own one of the village's most distinguished income-producing properties. Set on nearly a half-acre just moments from downtown Mystic, the Mystic River, restaurants, shops, galleries, and marinas, this circa-1852 Greek Revival sea captain's residence blends historic character with exceptional flexibility. The property includes three structures: the main residence, a two-suite carriage house, and a climate-controlled artist studio, creating a unique compound ideal for hospitality, extended living, creative use, or investment. Currently operating as a proven short-term rental with documented income history and established legal non-conforming status, 26 Pearl Street offers both lifestyle and financial appeal. Original architectural details, inviting outdoor spaces, private gardens, brick patios, and water-adjacent village charm make this one of Mystic's most compelling offerings. A rare setting, a protected use, and a location that places guests and owners just steps from the very best of Mystic. Ask your agent for the detailed Offering Memorandum.