Step into the elegant charm of one of Merewether's original architectural gems—an exquisite 1930s Californian bungalow nestled in one of the suburb's most coveted enclaves. Designed for versatility, this beautiful three bedroom, three bathroom home, and separate guest house, is perfect for a growing family, multi-generational living, or as a home plus business. The gorgeous abode retains the captivating hallmarks of its timeless Californian bungalow roots, while two considerate renovations, coupled with an extension to the rear and upper level seamlessly blend modernity with its cherished original charm. The property's flexible layout effortlessly transforms into a two bedroom, two bathroom haven on ground floor, and a one bedroom, one bathroom retreat upstairs. The ground floor rooms have operated successfully as Merewether Beach House B&B for a decade, while the self-contained guest house has proven history as lucrative Airbnb accommodation. The beachside location, little more than 150m to the sand and surf, and just 300m to the iconic Merewether Ocean Baths caters brilliantly to the vibrant visitor economy of Newcastle as well as sporting and cultural events such as Surfest – the largest surfing event in the southern hemisphere. Enveloped by a tight-knit beachside community of families and professionals, this property's enviable location is harmoniously matched with a laid-back lifestyle that resonates with many. Start your day with a swim or dip in the Ocean Baths or join the Merewether Mackerels winter swimming club. With local cafes and the recently refurbished Beach Hotel close by, you'll seamlessly integrate into the vibrant community rhythm. Revel in the proximity of world-class surf breaks, invigorating coastal walks, and exhilarating mountain bike trails at nearby Glenrock. Embrace the flexibility to either maintain the current status quo, enjoying the home as a thriving bed and breakfast along with an Airbnb venture, or make it your own exquisite family residence – the choice is ultimately yours! - Wonderfully private 695.6sqm block with NE rear aspect and ocean glimpses - On sale for only the second time in its almost one hundred year history - Electric gated driveway to double garage - Intricate ornate plaster ceilings, tallowwood floors, and grand rooms add character - Formal lounge and dining space, an open-plan family living area, as well as two bedrooms and two bathrooms on the ground floor, both bedrooms open to gardens - Upper level retreat with a living area, bedroom, bathroom, and verandah - 6kW solar system with battery Outgoings: Council Rates: $5,872 approx. per annum Water Rates: $811.98 approx. per annum Disclaimer: All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.