Long held and much loved, this characterful family home, set on more than 1200sqm, is nestled on one of Avalon's most sought-after streets; in a prime location, just footsteps to the beach and Avalon Village. Set over three levels (opening to gardens on two levels) and very well suited to families of all shapes and sizes, this super charming home offers peace and privacy along with endless opportunities for accommodation. There's also DA approval for a pool! Currently configured to accommodate two families, it works perfectly for intergenerational living - where neither is required to compromise. Or, as it was originally designed - for one large family. Consistently generating $170,000+ P.A in rental yield, this is an exciting option for investors. It also works perfectly as a home that provides superb family accommodation while simultaneously generating a strong income. The property artfully incorporates a completely separate dwelling known as THE LOFT (see Airbnb); one of Avalon's most successful holiday rentals. A custom designed super stylish 'studio' that enjoys bookings all year 'round from couples seeking a weekend away that's both peaceful and romantic - with Avalon village, cafes and the beach a short walk away. Alternatively, you could mix it all up, and a big family could simply spread out and live, work and play, across the whole property, enjoying the luxury of space in a super convenient location. Property highlights include dramatic covered verandahs, soaring ceilings, a dedicated parent retreat, lush private gardens and a wonderful indoor/outdoor flow. There are six dedicated bedrooms, five bathrooms, and various living rooms (includes a great backyard cabin), there's lots to love here! With a beach house vibe, this unique property will make your heart sing. * Agent Interest