Welcome to 40 Naval Parade, Erowal Bay, a coastal gem offering an impressive array of features that you'll absolutely adore. This stunning residence boasts five light-filled bedrooms and four well-appointed bathrooms, along with multiple living spaces designed for both indoor and outdoor enjoyment. The parent's retreat upstairs features a private living space and balcony access with sparkling views across the basin. The huge master suite offers a sizable bedroom and ensuite bathroom, with his and hers vanities, and an oversized walk-in wardrobe. The modern open-plan kitchen is a true highlight, featuring sleek stone benches, soft-close drawers, and a butler's pantry. There are two downstairs living spaces. The first is a spacious open-plan dining and living area that is ideal for large families, seamlessly connecting to an inviting alfresco space. The second is a separate space for a formal living area, great for when entertaining. For added versatility, there is a second master suite downstairs with an ensuite, walk-in robe, and sitting room - perfect for hosting guests, running an Airbnb, or even a home-based business. The home also features an office nook and a music room. Enjoy year-round comfort with ducted reverse cycle air-conditioning, complete with zone control. The property is also equipped with a 6.6kw solar system, offering energy efficiency, and a separately metered shed for added convenience. Your privacy and security are ensured with a fully fenced property featuring an electric gate and a 4.5m side access with a pristine concrete driveway to the cottage at the rear. As a final touch, on this unique 962 sqm block and 2B (Business) zoning the property features a second dwelling, complete with 2 bedrooms, a bathroom, and a full kitchen with the potential of generating rental/Airbnb income of up to $75,000 per year. 40 Naval Parade, Erowal Bay, is not just a residence; it's a lifestyle enriched with modern comforts and versatility. Don't miss the opportunity to make it your own - contact us today to arrange a viewing.