Set on a fantastic large allotment of approximately 1840 square metres and directly adjacent to the foreshore reserve, is this charming single level residence, built in the early 1980s, offering an idyllic retreat or an outstanding opportunity for subdivision (STCA) making it an excellent investment/development prospect. The residence comprises three bedrooms and two bathrooms, with the master bedroom featuring a built in robe and ensuite. Two additional bedrooms, one equipped with a built in robe, share the second bathroom. A delightful sunroom at the rear of the home provides a perfect space for relaxation and enjoying the garden views. At the front of the home, the spacious open plan kitchen, living, and dining area creates a warm and inviting atmosphere. The kitchen boasts tiled benchtops and ample storage options. Glass sliding doors off the living area extend onto a fabulous undercover entertaining deck. Separate to the home and located at the rear of the property are additional rooms, including one with a kitchenette and another which could be utilised as an excellent studio/storage options. Huge expanses of lawn encompass the residence and enhance its charm, providing a peaceful and private sanctuary. An abundance of fruit trees and an enclosed greenhouse area add to the appeal for gardening enthusiasts. Additional features include; Electric double gates to enter the property, secure external shutters on all windows, concrete driveway, timber and tiled floors throughout, split system heating and cooling, ceiling fans, wood-fire combustion heater, single garage plus another garage at the rear of the property. This property perfectly combines comfortable living with potential for future growth, making it a rare find in this sought after location. Whether you are looking for a family home, an investment/development opportunity, or a blend of both, this property offers endless possibilities. The beautiful beach is within walking distance and the main shopping precinct and other great amenities on the Island are all just minutes away by car. This property for sale in Cowes is proudly brought to you by Ray White Real Estate Phillip Island.