This iconic property, The Castle Villa By The Sea, situated in a coveted position just metres to the magnificent north facing bay beach and Cowes shopping precinct, has been in the same family for over 30 years and is now ready to welcome new owners to create their own memories and enjoy it's timeless charm with endless opportunities. Nestled on a substantial allotment of approximately 1286 square metres with an approximate 35 metre wide frontage, this seven bedroom, six bathroom residence occupies an exquisite location with an understated yet undeniable charm. A Mediterranean inspired facade complimented by lush fully landscaped gardens introduce an elegant interior on the lower level featuring a family-oriented layout boasting two separate living spaces and a central formal dining area that flows through French doors to a covered outdoor entertaining space with a gabled ceiling. A shared centrally located kitchen, including a walk in pantry, featuring a 900mm stainless steel upright Cooker and a commercial dishwasher allows you to cater to all needs, enhancing the appeal for those who enjoy hosting. Ascend the stairs from the ground floor keyless entry to the first floor where this incredibly accommodating property provides three separate suites each with their own ensuite and outdoor terrace, creating an excellent opportunity to derive holiday rental income. A separate garden cottage adds to the potential for additional income or alternatively could be a great option for a family member. The property's versatility is impressive, having previously served as a restaurant, wedding venue, art gallery, a guest house and much more. With it's endless possibilities, this presents an incredible opportunity. This highly desirable property offers an unparalleled lifestyle opportunity. Additional features include two combustion heaters, split system heating and cooling throughout, fireplace, privacy, tranquil surrounds, laundry room, store room, two studies and a separate artist studio. Inspection By Appointment Only This property in Cowes is proudly presented to you by Ray White Phillip Island.