In this prized dress circle location - flanked by Albert Park Lake and the city - this stunning family home marries classic period charm with a brand new, high-quality rebuild. The art deco facade remains but the rest is a recently constructed, beautiful, state-of-the-art home with all the contemporary comforts. Positioned to enjoy a private sunny northerly aspect, the quiet belies the proximity to some of Melbourne's most sought-after attractions, including the beach, South Melbourne market, Albert Park Village and three tram routes. It is also in the coveted Albert Park Secondary school zone. On a generous 242m2 allotment, which also includes a self-contained studio apartment, this is a rare opportunity to secure your dream lifestyle in this blue-chip, tightly held position. The low-maintenance home comprises 4 bedrooms and separate study. The master includes a generous WIR and extensive cabinetry, 2 upstairs bedrooms boast BIRs and desk space. Each of the 3 bathrooms feature walk in showers with stunning Italian glass tiling. The kitchen has caesarstone benchtops, Smeg appliances, convection cooktop and extensive storage. The family and dining area opens out to a delightful rear courtyard, ideal for outdoor entertaining and the studio, which can serve as a bedroom, study, home gym or be converted back to a garage. Upstairs is a cosy family/movie room with Bose sound system and small balcony. Downstairs, a fully equipped study can easily accommodate two people working from home. With plantation shutters, hydronic heating and reverse-cycle heating and air conditioning throughout, this exclusive home delivers inner-city living at it's brilliant best.