An exceptional opportunity to secure a substantial 941sqm (approx.) flat block in a prime coastal location, offering outstanding potential for subdivision or redevelopment (STCA). Positioned directly across the road from the stunning bay beach, this rare parcel provides the perfect canvas for developers, investors, or buyers looking to capitalise on the generous land size and unbeatable location. With a maximum building height of approximately 9-11 metres (STCA - buyers to confirm with council), a second-storey build could capture impressive bay views. Located in the heart of Capel Sound, this property places you moments from the beach, local cafés, shops, and the vibrant Rye foreshore. Whether you choose to subdivide, redevelop, or build a premium coastal residence, opportunities like this are becoming increasingly rare along this tightly held stretch of the Mornington Peninsula. Secure your slice of coastal potential and explore the possibilities.
