Situated an easy stroll to the sparkling water's edge of Port Phillip Bay, and approx. 860sqm2 (17m x 50m), this property is offering a multitude of options. Located in arguably McCrae's most sought after location and surrounded by some of the area's best development opportunities, you can rest assured the price tags for luxury villas here will be top end. Currently sitting proudly is a 3 bedroom Fibro home, with loads of character and charm. You can enjoy returns while submitting your plans of a luxury peninsula vision ( STCA ), or simply enjoy the many features this original home exudes. Access the freeway in minutes, and shopping, transport, cafs and restaurants in less. Large land with options like this don't come often this close to the water, just like your opportunity.