Perched up high on Panoramic Avenue, prepare to be mesmerised by both the panorama and the potential of this coastal offering. Either live in or lease the existing property. Alternatively, maximise these captivating outlooks of the bay with your own luxurious residence (STCA).

Featuring:

* The ultimate location in which to build with a commanding aspect over Port Phillip Bay and the cityscape of Melbourne

* One main residence with an additional bungalow to the rear

* The main home includes three bedrooms and one bathroom

* Perfect for those seeking flexibility, the generous bungalow with one bedroom, one bathroom and kitchen is ideal for larger families and guests

* Complete with a further three bedrooms, the bungalow also houses a second kitchen and living zone

* Watch as the ships pass by the channel and as the sun glitters over the bay from the deck

* Option to live in the property, modernise to your taste or earn an income whilst plans for your dream residence are approved (STCA)

* The large allotment of 753sqm* enjoys a beautiful elevation – secure now to capitalise on those far reaching bay and skyline vistas

* Quiet, yet convenient location walking distance to beaches, shops, cafes, Arthurs Seat, wineries and golf courses all within easy reach

* Perfect for holidaying families and investors, this property enjoys easy access to the freeway

* A two-storey abode would allow for even grander views of the bay, the skyline and surrounding ranges (STCA)

* Only a 1.5km* stroll directly down to the shops, cafes and foreshore

*all measurements are approximate