Introducing this fabulous find in the tranquil heart of Coronet Bay, at 25 Semaphore Street. Set on Westernport Bay, this three-bedroom, one-bathroom home exudes coastal charm, perfect for first-time buyers, savvy investors, downsizers, or those seeking a lifestyle change. The residence features an open-plan kitchen, lounge and dining area, creating an inviting, homely space. For those with a knack for DIY or operating a small business, the expansive 7x6m workshop or garage at the rear is a gem. This property provides not only a home but a lifestyle with space to renovate and make your own. Located in a serene neighbourhood, the home offers a peaceful retreat whilst being part of a vibrant and growing community. Indulge in a leisurely stroll along the safe swimming beaches, or cycle through the environmental tracks Coronet Bay has to offer. Essential amenities like a general store, chemist shop and community facilities are also within your reach. Boating enthusiasts will appreciate the facilities in nearby Corinella, while the convenience of being just an hour from Melbourne's eastern suburbs is an added bonus. Other notable features include solid construction, undercover parking for four vehicles, a 2.5 kva solar electric system, and town water/sewage facilities. This beach house delivers on all fronts, providing potential for a cosy holiday home, a savvy investment, or your very first home. All this for the bargain price of $460,000 - $475,000.