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Overview
Development Potential (STCA)
This beautifully maintained brick home perfectly combines effortless comfort, abundant natural light, and relaxed coastal charm, presenting an outstanding opportunity for immediate residence or future development potential (subject to council approval).
Situated on a generous 693 square meter allotment surrounded by mature gardens, this property offers buyers, investors, and developers a chance to explore value-adding possibilities in a sought-after beachside location.
The interior features a bright open-plan living and dining area, enhanced by large picture windows that invite the outdoors in, creating a warm and welcoming coastal ambiance. At the heart of the home is a modernised kitchen with updated finishes and ample storage, seamlessly connected to the main living space for convenient everyday living.
Accommodation includes three spacious bedrooms, each equipped with built-in robes and electric twin blockout blinds, serviced by a freshly updated central bathroom. A separate laundry adds to the home's practicality, while split-system heating and cooling alongside a newly installed log gas heater ensure comfort throughout the year.
Outside, the property boasts a large backyard with established gardens and a private patio area, offering immediate lifestyle appeal and flexibility for future enhancements. A new toolshed provides additional storage, workshop, or hobby space, complementing the ample off-street parking with a rear parking allocation.
The land presents strong potential for redevelopment, extension, or subdivision (STCA), making it an ideal prospect for investors, developers, or those interested in long-term land banking. Prospective buyers should consider seeking independent planning and accounting advice regarding feasibility and potential tax implications related to any future development or secondary dwelling strategies.
Located just minutes from McCrae Foreshore Beach, local shops, schools, and lifestyle amenities, this property offers both immediate livability and long-term strategic value within one of the Mornington Peninsula's most desirable coastal corridors.
Property Highlights:
- Three generous bedrooms with built-in robes and electric twin blockout blinds
- Light-filled open-plan living and dining area
- Modernised kitchen with updated finishes and excellent storage
- Second separate toilet off the main hall
- Freshly updated central bathroom with its own toilet
- Separate laundry with outdoor access
- Split-system heating and cooling plus newly installed log gas heater
- Large windows enhancing natural light and coastal feel
- Spacious backyard with established gardens and patio
- New toolshed suitable for storage, workshop, or hobby use
- Ample off-street parking with rear parking allocation
- Strong potential for redevelopment or subdivision (STCA)
- Ideal for investors, developers, or long-term land banking
Lifestyle & Location Highlights:
- Approximately 2 minutes to McCrae Foreshore Beach and Bay Trail
- Approximately 3 minutes to McCrae Plaza, cafés, and daily conveniences
- Approximately 5 minutes to Rosebud shopping precinct and cinema
- Approximately 6 minutes to Dromana café and dining strip
- Approximately 7 minutes to Arthurs Seat Eagle
- Approximately 10 minutes to Peninsula Hot Springs
- Approximately 10-15 minutes to multiple golf courses including The Dunes and Moonah Links
- Close to wineries, restaurants, and cellar doors in Red Hill and Main Ridge
- Easy access to Peninsula Link for commuting to Melbourne CBD
Disclaimer:
Any development, subdivision, or additional dwelling potential is subject to council approval and all relevant planning regulations (STCA). Buyers are advised to seek independent planning and accounting advice regarding feasibility, structuring, and potential taxation implications, including but not limited to negative gearing and investment treatment of any secondary dwelling or future development outcomes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Open for Inspections
Upcoming inspection times scheduled in the next 14 days.
Location
Mccrae VIC 3938
Market Insights for Mccrae VIC 3938
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