Enjoy the serenity as the sun sets over Yarra Bay and enjoy the good life in this tightly held village enclave. Completely original and ripe for redevelopment, this freestanding cottage set on a 405sqm parcel of land with unobstructed water views is surrounded by acres of beautiful parklands, secluded beaches and tranquil bays that make Phillip Bay the East's serene paradise. This rare and unique property provides an exceptional opportunity to create your own waterfront oasis. - Generous 405sqm parcel of land with 12.2m frontage - Desirable North-East to rear aspect, level parcel of land - Existing residence awaits redevelopment - Perfect project for keen investors, developers or builders - Rare offering to secure a tightly held dress-circle address - Opportunity to live in the most serene suburb in the East - Peaceful yet convenient lifestyle in a village-like setting - Walk to Yarra Bay Beach, sailing club, Little Bay village - Easily accessible to Sydney Airport and major arterial roads - Buses to Westfield Eastgardens, the City and Bondi Junction