Framing world-class panoramas over Pebble Beach and the inlet to Martha Cove, with geographical scenes stretching from Red Hill and Arthurs Seat to the Portsea Peninsula, this generational c1951 residence stands as one of the area's earliest homes. Let your imagination run free with significant scope for a myriad of possibilities, including an architectural evolution or rebuild, captivating landscaping and multi-car garaging (STCA). Offered for the first time in its subdued, breezy history, its traditional hand-crafted construction showcases an open 3-bedroom design characterised by a heightened aspect over the treetops, with pine-lined walls styling its classic fireside aesthetic. An original bathroom/laundry and kitchenette evoke a reminiscent essence of relaxed family holidays above the shoreline, with obvious potential to update and prolong its holiday-home origins. Watch the yachts retreat to Martha Cove under breathtaking sunsets everyday, while New Year's celebrations have never had a better vantage point, enjoying fireworks across the remainder of the peninsula's vibrant foreshore. With all services connected plus modern split-system comforts, it's abundantly comfortable for everyday living while the plans and permits process takes place, enjoying an exclusive position just metres from Pebble Beach entryway, Safety Beach Sailing Club, Tassell's Cove beaches, Martha Cove, Mount Martha Village, and Mornington Peninsula Freeway access. Property specifications - 1,399 sq. metre* block - Original c1951 3-bedroom residence in a world-class location - Generational prospect on offer for the first time - Breathtaking views over Pebble Beach to the southern peninsula - Geographical outlooks encompass Red Hill, Arthurs Seat and Portsea Peninsula - Watch the boats retreat to Martha Cove under breathtaking sunsets - Reimagine its spacious layout, or create your own architectural spectacle (STCA) * Measurements are indicative only