The options are endless with this picturesque cottage situated on 822m2 of land overlooking waterfront reserve and the sailing boats of Hardys Bay. Original features such as polished timber floorboards, high ceilings, a cast iron fireplace and ornate timberwork create warmth and character whilst the newly constructed hardwood timber deck takes full advantage of the relaxing north facing views over the bay. Three double bedrooms plus a sunroom/study, modernised kitchen and bathroom and a spacious living area complete the functional floor plan. Ideally located on Araluen Drive with level access to the waterfront and Killcare village shops and restaurants, this charming residence offers the opportunity to enjoy as is, or renovate into the house of your dreams. The property is also offered with full DA approved plans with current c/c certificate for a two storey contemporary architect designed home with potential for expansive water views and in-ground pool. A large level block with single garage and tandem carport, this property represents unique lifestyle and/or development opportunities.