With direct water access to Lake Illawarra and Central Park and 180 degree uninterrupted water views on an enormous 824 sqm block, this comfortable family home with recent updates offers a very special lifestyle opportunity for its soon to be new owners. Waterfront properties are tightly held and rarely come up for sale in premium locations such as this. The expansive bay window in the open plan lounge and dining space offers incredible water views of the lake and headland in the background. This area adjoins a separate family room which also provides the same incredible water vista. A large undercover entertaining pergola extends directly from the family room, where many an hour can be easily spent enjoying the nor-easterly sunshine and breeze directly off Lake Illawarra. The inviting front yard with lovely fish pond and arbour seating area, creates a beautiful entrance to lush established gardens and plantings. The spacious manicured backyard with delightful gardens offers a wonderful sanctuary for rest and is also the perfect space for entertaining friends and family on the water's edge. The large master suite benefits from an enormous walk-in robe and ensuite and there are two further bedrooms, one with a built-in robe. The property has had a number of updates over the years that has created a lovely family home. There is also still an opportunity to further enhance the property with additional renovations and upgrades (STCA) to create your ideal forever home in this incredible location. Additional features include; stone countertops in the kitchen with ample cupboard space, kitchen skylight, split system air conditioning and ceiling fans in the lounge room, ceiling fan in the master bedroom, gas BBQ, internal gas outlets, spacious family bathroom with separate bath, single garage and separate carport with an extensive space for off-street parking. Oak Flats is a sought after community and particularly the location of this home, with the area having much to offer including easy access to lakes, beaches and parklands. The new Waterfront Marina precinct and Shellharbour Village are both about 5 minutes away with Stockland Shopping Centre and Movie Precinct also nearby. Oak Flats train station is just down the road. Wollongong is only 24 km's away, 13 minutes to Kiama and 15 minutes to Jamberoo Action Park. Shellharbour Airport is just 6 minutes away providing regular flights to Melbourne and Brisbane each week. It is also only a 1 hour drive to the Southern suburbs of Sydney.