Nestled just metres away from the shimmering expanse of Lake Macquarie, this promising home embodies lakeside living as the perfect canvas for your dream retreat, where the beautiful location meets exciting renovation prospects. Just imagine watching the golden sun descend over the water, with the unobstructed, panoramic views awarded from a potential third-story addition (STCA). Don't miss the rare opportunity to own in this exclusive area, Paroo Avenue is a tightly held enclave offering a lifestyle like no other. The current two-story layout, with classic interiors and spacious rooms, offers a glimpse into the home's potential. With four bedrooms, a series of living areas including an upstairs dining, lounge and sunroom and a downstairs media room, rumpus and retreat, you're spoilt for choice when it comes to entertaining and unwinding. But the true magic awaits above, where your imagination is the only limit. A third level (STCA) would unlock 180-degree vistas- be it from a luxurious master suite, tranquil retreat, or private balcony. For large or multi-generational families, the ground floor is almost a fully-fledged internal flat, with a bedroom, bathroom, living and dining spaces and a second kitchen. As you're busy planning out your dream life, don't overlook the abundance of activities and amenities this desirable location has to offer. Nearby Rocky Point Reserve provides the perfect place to launch a kayak, cast a line, or take a leisurely stroll along the tranquil shores. Additionally, just a quick walk away, Croudace Bay Park offers a myriad of activities, with picnicking facilities, BBQs, playgrounds, a skatepark and a boat ramp. You'll relish easy access to major shopping, food and entertainment hubs, including Warners Bay, Valentine, Glendale, Belmont, and Charlestown. Families will be pleased that this address is zoned for sought-after schools and enjoys nearby public transport and a short drive to the Pacific Highway. - Coveted address accessible via Eleebana Road and just metres from the stunning Lake Macquarie - Potential for third-story addition (STCA) which would grant 180-degree panoramic views of the shimmering water- think luxury master suite or private living haven - Abundance of versatile spaces including a dining, living, sunroom, media room, rumpus and retreat - Charming courtyard with room for alfresco dining or gardening, and first-floor balcony with lake glimpses - Fully equipped ground floor, suitable for multi-generational families or with the prospect of becoming an internal flat - Four bedrooms with built-in robes, master bedroom with ensuite and walk-in robe - Recently renovated kitchen with stone benchtops, modern stainless-steel appliances including dishwasher, undermount sink and tons of storage - Main bathroom with spacious shower and bath plus a ground floor powder room and internal laundry - Rooftop solar panels, Crim Safe, carport, and a versatile workshop/storage room - Nearby access to Rocky Point Reserve and short walk to Croudace Bay Park - Easy access to shopping and dining hubs, sought-after schools, public transport and major arterial routes