Directly across the road from the pristine Tootgarook foreshore and just moments from Rye's vibrant shops and cafés, this rare coastal opportunity sits on a generous 982m² of dead-flat land in a tightly held pocket of the Peninsula. Built in the 1950s-60s and still showcasing some charming Art Deco features, the original home now requires significant renovation or complete redevelopment (STCA). Single land holding, Land Tax under 5k. The single-dwelling covenant ensures peace and privacy, surrounded by established, multi-million-dollar homes that highlight the prestige of the location. With glimpses of the bay from ground level and the potential for sweeping water views from a future second-storey rebuild, this site presents an exceptional chance to create your dream coastal residence. Whether you're a savvy renovator, a hands-on holiday maker, or a family ready to build anew, this blue-chip address promises lifestyle, location, and long-term reward.
