On a vast 1,254sqm (approx.) of prime coastal land, this original 1950's fisherman's cottage is ready to move aside for an exciting new direction. With immediate & entrancing views of Port Phillip Bay, Arthurs Seat, Mt Martha & the city skyline, this panoramic view has the huge advantage of being unimpeded by powerlines. While you plan your renovation or re-build, the dwelling lends itself to holiday use or rental, with two bedrooms enjoying vistas from each room. Offering the benefits of water views in a quiet, well established neighbourhood & the convenience of a prime location- just a 10 minute walk to the new world class Arthurs Seat Chairlift, fast easy access to Melbourne via Peninsula Link, & easy access to schools, all whilst providing generous dimensions (approx 21m x 61m) to be able to stretch out & maximise such an amazing position. Amongst an emerging precinct of quality coastal homes, you can confidently design, plan & build your dream home. With a unique corner position, there is a terrific nexus between vast water aspects & majestic hillside views. Design your home to maximise the benefits of two street frontages & enjoy the convenience of having extra parking for boats, caravans, extra cars & even a second dwelling granny flat (STCA). Call to arrange a time to meet an agent on site. What a wonderful opportunity to secure your very own piece of paradise!