Welcome to 1 King George Street, Erowal Bay, a unique property offering two expertly crafted homes designed by McDonald Jones, nestled on a generous 1012m2 of waterfront land. Main Residence: Featuring an exceptional 5-bedroom, 4-bathroom residence with abundant living spaces for your enjoyment. Upstairs, the parent's retreat offers a private living area and balcony access with breathtaking views of the basin. The expansive master suite boasts a generous bedroom, an ensuite with his and her vanities, and a spacious walk-in wardrobe. The modern open-plan kitchen is a standout feature, complete with sleek stone benches, soft-close drawers, and a butler's pantry. Complete with European appliances and high-end Fisher & Paykel appliances including a French-door refrigerator. Downstairs, you'll find two living spaces. The first is an open-plan dining and living area, perfect for larger families and seamlessly connecting to an inviting alfresco space. The second is a separate formal living area, ideal for entertaining. For added versatility, there's a second master suite downstairs, featuring an ensuite, walk-in robe, and a sitting room - a great option for hosting guests, Airbnb, or a home-based business. Enjoy year-round comfort with ducted reverse cycle air-conditioning and zone control. The home also includes an office nook and a music room. Second Dwelling: To top it off, this property features a second dwelling with 2 bedrooms, a bathroom, a full kitchen, and a European laundry. It has the potential to generate rental or Airbnb income of up to $75,000 per year. 1 King George Street, Erowal Bay, offers a lifestyle enriched with modern comforts and versatility. Don't miss the chance to make it yours - contact us today to arrange a viewing.