Located at 5 Glenray Avenue in the serene suburb of Caloundra, this delightful beach bungalow offers prime real estate on a generous 506m2 allotment. Boasting three large bedrooms, each with large built-in robes offering an abundance of storage. This home showcases beautiful timber floors and raked ceilings with exposed beams for a unique character. The open plan living area is complemented by a large kitchen featuring ample bench space and storage. A modern bathroom completes the indoor features of this residence. Outdoors offers an expansive covered timber deck perfect for entertaining, surrounded by an established garden within a fully fenced yard. North-facing on a quiet cul-de-sac, enjoy ocean breezes from your doorstep. The property also features solar panels for energy efficiency. Situated within easy walking distance to transport links, parklands, sporting facilities, top schools, shopping venues and restaurants. Caloundra's gorgeous beaches are also just a short walk away offering an ideal location for those seeking the coastal lifestyle. Additionally presenting potential development opportunity as the neighbouring vacant land is available for sale. If combined would offer approximately 1012m2 - an ideal size for constructing multi-unit dwellings due to its medium density zoning (subject to council approval). This charming beach bungalow serves as both a perfect owner occupier residence or holiday home with possible expansion opportunities available making it a valuable asset.