Demolish the existing house and build your dream home on this elevated block offering superb views. Centrally located in the heart of beautiful McCrae township, just 400 m to the water. The iconic McCrae lighthouse, the beach & Yacht Club are part of a wide spread view of the Bay that falls below you. Situated on approx 1040m2 the block fronts Charles Street & Waller Place with the benefits of a corner position. The ease of access to the Peninsula Freeway makes this the ideal site for the ultimate beach home or empty nester’s retirement project. Alternatively the land would reward the astute developer or investor with the pending completion of the Frankston Bypass. Hold, plan or develop this rare gem, beachside of freeway in the heart of McCrae.