An idyllic family sanctuary overlooking your very own nature reserve. For the first time in 46 years, the 4 bed 2 bath family haven, is presenting an opportunity to enter one of Melbourne's most prized locations. Embraced within this impressive 1137sqm approx. allotment, is the potential to renovate, build your dream home or develop multiple townhouses (STCA). With so many options, the advantages to both the family and investments will be significant. Bolstered by this golden location, in the Mount Waverley Secondary College zone (STSA), a short stroll from Mount Waverley Heights Primary and only moments away from Chadstone and Pinewood Village with easy access to public transport and the M1 Freeway. Other features include; Dual living zones with separate dining, a study, hardwood parquetry floors, heating & cooling throughout, a tennis court & double garage with rear access. Overlooking uninterrupted lake views with Scotchmen's creek trail at your doorstep, this diamond in the rough will ensure the lucky new owner a brighter future.