Rarely does the opportunity present to secure an absolute waterfront position such as this. Ripe for renovation or redevelopment, this exquisite north east facing holding offers the potential to create the legacy of a lifetime for future generations to enjoy. Featuring an extraordinary pocket of native bush including towering twin Norfolk Pine trees, the view captured through the canopy is uniquely beautiful. The existing home celebrates the location with living areas oriented towards the lake, & a spiral staircase leads to the parents' retreat on the upper level, complete with balcony from which to drink in the spectacular outlook. Directly opposite Lake Heights Public School & with the fabulous foreshore pedestrian pathway leading via Dix's Wharf, Illawarra Yacht Club, & Kully Bay Park to Warrawong, this property offers unparalleled carefree convenient family living. - 582sqm parcel fronting magnificent Lake Illawarra on which to make your mark. - Existing 2 storey clad home ready for reinvigoration or replacement. - Multiple living areas enjoying lake views. - 2 bedrooms plus family bathroom with tub on entry level. - Master bedroom with ensuite & parents' retreat on upper level. - Lock up single car garage plus additional off-street parking. - Private wilderness adorns the lakefront, nature's living artwork. - Foreshore parks, playgrounds, boat ramp & jetty for recreational enjoyment. - 4 minutes to Warrawong shopping, dining, & services.