Commanding an absolute waterfront setting with panoramic bay views, this unprecedented 996 sqm (approx.) parcel of house and land takes pride of place in one of Melbourne's most prized waterfront locations.

Held by the same family for 35+ years, this is a rarity offered. The existing two-storey, 4-bedroom, 3-bathroom residence showcases uninterrupted water views from most rooms and highlights the mesmerising outlook you could enjoy now or achieve from a luxury new build or multiple new residences (STCA). Comfortable and incredibly accommodating with two living areas, including an open-plan living/dining/kitchen, and a wrap-around verandah, it forms an idyllic summer retreat or investment whilst awaiting plans and permits.

Perfect for taking in the sea breeze whilst entertaining guests, the home features split system air conditioning, a bar/kitchenette and open laundry within the lower floor rumpus/living zone, a main bedroom with bay-facing views and ensuite, 3 other spacious bedrooms, 2 extra classic bathrooms and plenty of parking, including a double garage/workshop to the rear.

In the pinnacle of beachside locations, this premium allotment represents a once-in-a-lifetime opportunity to get your dream home in this incredible waterfront location. Offering convenience to cafes, Martha Cove and the Peninsula's best amenities, including bay and surf beaches, fine dining restaurants and wineries, golf courses and yacht clubs, while being located just over an hour south of Melbourne's CBD.

Proudly marketed by the team at Peninsula Sotheby’s International Realty.