Discover the potential of this prime location nestled amidst the tranquility of Rye. This corner block retreat, enveloped by lush trees, offers privacy and security, presenting an ideal canvas for realizing your dream home vision. Boasting a generous land size of approximately 1756 sqm spread across two titles with dual street access, the possibilities are endless. Embrace the opportunity to renovate, create a holiday sanctuary, or reside in the charming original beach house. The property features a well-maintained residence with three bedrooms, a bathroom, and a separate toilet upstairs, complete with an air-conditioned living/dining area. Additionally, the ground level hosts a fully self-contained one-bedroom dwelling with its own shower, vanity unit, and toilet, both seamlessly connected to sewerage. Further enhancing its appeal, the entire property is fully updated, fenced, and gated for added security and peace of mind. There is a single expansive shed, providing ample secure storage for vehicles, boats, and recreational gear. Positioned for lifestyle convenience, this residence is surrounded by beaches, cafes, golf courses, and renowned wineries of the Mornington Peninsula. Enjoy entertaining friends and family or indulge in relaxation at the nearby Peninsula Hot Springs, mere minutes away. Whether seeking a comfortable abode or an astute investment opportunity, this remarkable property awaits your personal touch. Move in and relish its immediate appeal or seize the chance to transform it into your ultimate haven..