Benjamin E. Waters (1863-1962) was a local businessman and real estate developer in Marion by the end of the 19th century. He acquired a large property not far from the beach, in the middle of a high-class residential enclave and developed the property, running a small dirt path through the middle, known today as Pie Alley. He built three large Shingle style homes between 1890-1895 and appears to have rented them out to wealthy residents. This residence, the largest, features a broad gambrel roof with saltbox slope towards the rear, dormers, and a wrap-around porch facing Buzzards Bay. The house is entirely clad in cedar shingles, a common sight in this part of town. The home remained part of the larger parcel and was rented out until after WWII, when it was purchased by Holmes M. Dyer (1913-1997), a sales executive for the Acushnet Company of New Bedford. The architect of the home is not widely known, but it is probably the work of William Gibbons Preston or Charles Allerton Coolidge, both prominent Boston architects who summered in Marion and designed many of the Shingle style cottages here in the late 19th and early 20th centuries.