Tucked away in a leafy blue-chip waterfront cul-de-sac, is this delightful single level home, filled to the brim with charm and warmth, with 47-metre wide north facing water frontage and direct river access, on a 637m2 block, with plans currently lodged at council for a duplex development onsite. The home itself, circa 1975, comprises three bedrooms, study, two bathrooms, kitchen, open plan lounge/dining, covered alfresco patio overlooking the water, and separate laundry. Meticulously maintained by long-term owner, features include ducted air-conditioning, hardwood timber floors, ceiling fans, gas cooktop, plantation shutters, cute white picket fence at front, and parklike gardens with colourful established flowering plants and shrubs, mature trees, and a delightful pergola. Application has been made for the development of a duplex, and as such, the plans in council consist of 1 x 3-bedroom, 2-bathroom, and 1 x 4-bedroom, 3-bathroom duplex – renders and floor plans are available for perusal, and in this dress-circle location buyer demand is assured, in addition to attractive capital gain. Other possibilities include living in this lovely home and savouring the glorious water views and accompanying lifestyle; renting out and land-banking; or even building your own custom-designed waterfront masterpiece onsite without fear of overcapitalising in this prestigious neighbourhood. The location is absolutely prime – directly opposite one of Queensland’s most acclaimed schools – TSS, plus within walking distance to local shopping, dining, parks (including dog park), markets, golf, tavern, and transport. The bright lights of Surfers Paradise are only three-kilometres away, and access to the M1 is quick and easy. Tightly held since 2000 – this is an exceptional opportunity that will attract HUGE attention from a variety of buyers from far and wide. You will need to submit your very best offer to secure this opportunity-laden property.