1 Walbrook Road, RYE, VIC, 3941

Hidden behind lush tropical gardens in a quiet Rye street, this private coastal retreat offers the perfect blend of relaxed family living, resort-style entertaining and proven holiday rental success. Just moments from both the stunning back beaches and the Tyrone Foreshore, this unique home delivers an enviable Mornington Peninsula lifestyle with exceptional flexibility and income potential. Features include: • Quiet and private position on approximately 616sqm • Four-bedroom layout, with three bathrooms, including two ensuites • Spacious open-plan kitchen, dining and living area overlooking the gardens • Second living room on the ground floor • Upstairs retreat with sitting area, study nook and private balcony • Covered alfresco entertaining area with built-in bar • Solar-heated swimming pool surrounded by established tropical gardens • Gas-heated inground spa for year-round enjoyment • Double carport • Fully fenced allotment offering privacy and security • Successfully operating as a holiday rental, generating approximately $60,000 gross income per annum, with the potential to make $80,000 gross income per annum (approx.) • Ideal as a permanent residence, holiday home or investment opportunity