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Located directly across the road from the sparkling waters of Port Phillip Bay and within short walking distance to the heart of Rye Town Centre, this unique property offers an incredibly rare, blue-chip opportunity to own waterfront property in one of the peninsula's most sought after locations.
836m2 of flat, useable land facing Point Nepean Road presents a myriad of options. Simply leave the home as is and enjoy, or you may decide to renovate the existing property or perhaps build your dream home(STCA), the choice is yours.
There is also the added potential to earn lucrative holiday rental income over the busy summer months.
The existing property offers comfortable accommodations of two large bedrooms, one family bathroom and a huge living area to the main residence, and also offers a separate bungalow with kitchenette.
Vegetable gardens, mature fruit trees, outdoor kitchen area, undercover entertaining area and a double garage completes the package.
Located just *600m to the Rye Hotel and surrounded by nature trails, recreational parks, shopping and water sports activities, schools and world-class restaurants, golf courses and wineries - from this location, everything that the Mornington Peninsula has to offer is either on your doorstep or not far away.

Features:
• *836m2
• Located directly across the road from the Rye foreshore
• Separate bungalow with kitchenette
• Double garage
• Opportunity to either renovate the existing property or build a brand new home STCA
• Blue-chip location

*All distances & measurements are approximate