Looking for a once in a lifetime opportunity? Look no further! This special location is one of a kind and has not been on the market since 1975. With 603m2 of prime, north facing land that flows right onto the beloved and one of Ocean Grove's best kept secrets, the Blue Waters lake, this is a rare chance to own a piece of paradise. Not to be judged by its cover the 1970's brick home may look unassuming from the outside, but it is seemingly solid and can be restored to its former glory. Designed around the views of the Blue Waters lake, the house has an anchoring and on-trend brick wall running from the upper level to the lower, exposed beams, and hardwood flooring. The floor plan is easily adaptable to modern day living. If renovating is not your thing, don't worry! You can design and build your dream home capturing north-facing views of the lake or down towards the Barwon River and Bluff, from a second story. With the potential to subdivide (STCA), the possibilities for this property are endless. Location-wise, there is plenty on offer. Meander down for a coffee and a chat with Tony at the Groove Café or onto the River for a glass of wine at the Ocean Grove Golf Club or onto the nearby beach. But the true hero is the Blue Waters Lake with its abundant wild life, mature trees, vegetation and walking track, this property's location is perfect! Don't miss out on this incredible opportunity. Act fast and make this property yours today. Contact us for more information and to arrange a viewing.