A rare and exciting opportunity to procure and capitalise on a brilliantly located slice of Highett real estate, with supreme positioning in a leafy, sought-after street - just doors down from the lush playing fields of Highett Reserve; a few minutes walk to Waves Leisure Centre, Westfield Southland, the bustling Highett strip and train station, and an array of reputable public and private schools within a short distance away. On offer is an extraordinary land size of 834sqm (approx.), an existing four-bedroom, three-bathroom family home, along with various options to explore for an elite, multi-level duplex, or even a triplex redevelopment (STCA). The extra-wide street frontage of 20.3m (approx) allows for two side-by-side dwellings with their own driveways and no shared land, and the 42m (approx) depth offers a generous building envelope to play with for a number of other possibilities. Previous plans have existed (not included in the sale) for an elite duplex redevelopment, which included a 4-bed + study/5th bed, 4-bath home with a gym, sauna and indoor pool; and a 4-bed, 3-bath, 2-car second dwelling, which would allow you to make your mark on this location hotspot. Of course, the existing red-brick home is solid, beautifully presented with modern renovations and updates throughout, and is absolutely ready to accommodate from day one. Polished floorboards underfoot, a fresh white paint palette, ducted heating, split system air-conditioning plus an ambient open fireplace. Comprising four oversized bedrooms and three bathrooms - the master with an ensuite, and the separately accessed fourth bedroom with its own ensuite. Two large living zones, a modern timber kitchen and a large entertaining deck overlooking the glorious backyard. This is the investor's, developer's, home buyer or the new-home builder's dream come true - a doorway into this thriving pocket and an opportunity to build your family's dream home and capitalise by building and selling the other dwelling - either off-the-plan or upon completion. Of course, you could also just enjoy the existing home for now and plan your rebuild for later on. Whichever path you choose, the chance to snap up an affordable entry into this popular address is becoming fewer and farther between! PLEASE NOTE: *Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent. * Photo ID required at all open for inspections