Imagine living just metres from the shore of Moreton Bay - starting every morning with a cup of coffee on your North East facing deck gazing out over the silvery waters with all its differing colours and moods - and that's just for starters.From the rear covered patio, you feel you are in your own heaven. With 1526m2 of beautifully manicured garden and no close neighbours, your peace and tranquility are assured. Your new garden with its staggering array of colourful shrubs, flowers and exotic trees willl make you the envy of your friends. For the chef, the expansive range of fresh herbs and spices from your own garden will enhance your culinary skills. The big lawn would satisfy any family's needs for a large play area for the children. With spacious side access , any vehicle or boat can be securely placed behind the home.The 2 storey house is very well presented, having 2 lounges, 3 bedrooms, 2 bathrooms plus a study. The big gourmet kitchen is finished in Tasmanian Oak. The double lock up garage has a large walk in storage room behind. Whilst being of a good size, the home could easily be extended with no concerns about over capitalising given the prestigiou site involved.Underpinning the value of this home is the Medium Density Residential Zoning, which it enjoys. The 1526m2 block is of regular shape and currently comprises 2 separate blocks, each with frontage of 15m and 51m depth approx. The land has a gentle fall towards the water side making it ideal for construction.For the new owner there are differing scenarios to consider: -1/ Subject to the necessary approvals and consents, develop the site into Quality Upmarket Units.2/ Subject to the necesssary approvals and concerns, re-configure the 2 blocks into 3 separate ones, then either sell them off or develop house and land packages.3/ Move straight into the lovely home and enjoy the best in family living adjacent to the Bay and enjoy this superb big block.4/ As an investment, purchase the property to rent out providing a good source of tax relief with the certain knowledge you own a prestigious development site in a most sought after part of Cleveland.For further information, please call Janet Bennett on 0404 477 839.Situated in South East Queensland, Cleveland is the civic heart of the Redland Shire, which is one of the fastest growing areas in Australia, enjoying a sub-tropical climate most of the year.Serviced by private and public hospitals and schools, and major shopping complexes, the Shire is just 35-40 minutes by road from Brisbane City, the International Airport and the Port of Brisbane. There is also good transport infrastructure to the Gold Coast and Sunshine Coast, and the islands on Moreton Bay are easily accessed via ferries, as is North Stadbroke Island.