First time offered in 33 years, overlooking the crystal clear waters of Blue Bay Beach, stands an exceptional opportunity to secure this original four bedroom beach house set on a 538sqm block. Zoned R1 with potential to renovate, extend or knock down and rebuild to develop site. This rare offering in dress circle location has a quiet beach setting and a fantastic lifestyle with cafés and restaurants within walking distance. - Sweeping views over the bay from bedrooms, living and kitchen - Direct access to the picturesque Blue Bay Beach - Rare opportunity for the astute investor with multiple development options - Unlimited potential to renovate or knock down and rebuild - Timber floors, cottage character throughout - Generous layout kitchen with easy flow to outdoor entertaining - Double car secure garage with additional off street parking - Enviable location, walking distance to Toowoon Bay and The Entrance - Located in a family-friendly and quiet street close to all amenities - 20 minutes to the M1 motorway and 90 minutes to Sydney KEY DETAILS: Council Rates $5,940pa Water Rates $849pa