Inspiring an enviable coast-meets-country lifestyle, this outstanding Rye property, comprising two impressive residences on a fully landscaped block measuring 4008 square meters (approx.), presents a world of opportunities including multi-generational family living, lucrative holiday guest hosting, or operating a home-based business. Privately positioned in a tranquil cul-de-sac of lush grounds featuring lawn areas, native coastal borders and a veggie garden, the main residence is a renovated rendered-brick four-bedroom homestead that is perfect for effortless single-level family living and indoor/outdoor entertaining. With solid Double glazed Vic Ash windows throughout, this light-filled and spacious, open-plan living and dining area has a gas wood fireplace and offers seamless connectivity to the undercover alfresco area and deck, while the gleaming central kitchen with Bosch and Smeg appliances, has stone-topped waterfall-edge benches, a free-standing range with gas cooktop, and a dishwasher. Complemented by a luxe, fully-tiled double-shower ensuite, the generously proportioned main bedroom with large, fitted walk-in robe is zoned at the front of the home, while an additional three bedrooms, all with built-in robes are in a separate wing, along with the main bathroom with built-in tub. Currently operating as a successful holiday letting business, the fully self-contained second residence offers two bedrooms, a spacious living/dining/kitchen area and a fully-tiled bathroom, while outside two fire pit areas and a built-in barbecue add to the holiday amenities. Additional features include a double garage plus ample off-street parking and a large storage barn/workshop. Ideally located to enjoy the world-class attractions of the Mornington Peninsula, this property is close (within 2-3 kilometres) to both back and front beaches, and just minutes to golf courses, day spas, hot springs wineries, breweries and gourmet food hubs, plus easy Peninsula Link freeway access. Features: - Vic ash windows throughout - Double pained glass - Gas ducted heating - Heated towel rails to main and en-suite - Kitchen has Bosch and Smeg appliances - space to entertain - large barn style shed and workshop