A blank canvas opportunity exists to recreate this solid brick North East facing residence, first time offered in more than 49 years, located in an enviable and sought after tightly held bayside pocket offering sensational water views. A perfect opportunity to capitalise on its prestigious address. This much-loved residence is nestled in one of Lilli Pilli's finest streets and is situated in close proximity Lilli Pilli shopping and cafe precinct, LIlli Pilli Public School and Lilli Pilli Oval & Park and baths. A secluded setting and idyllically North East facing boasting unlimited potential on a grand scale. Myriad features include: * Lavish proportions incorporate formal and informal living which flows effortlessly to the expansive wrap around terrace * Generous size bedrooms each offering either water views or pleasant outlook to private backyard and inground pool * Lower ground floor area features rumpus room or fourth bedroom and an impressive 74sqm (approx) garage with additional storage * North East facing backyard features inground pool offering scope for enhancement on a grand scale * Zoning: E3 Environmental Management Enhanced by its prized North East aspect and sought after address, this unique opportunity exists moments from the pristine Port Hacking Waterways and will impress the creative and astute buyer searching for an opportunity to capitalise on a rare find.