This is a rare opportunity to purchase a property with magnificent water views and two separate self-contained living areas under one roof with interconnecting doorway and internal stairway. This allows the purchaser to use the residence as one large house or close off downstairs as a separate unit. Each residence has its own kitchen, laundry and front door for easy access and would be perfect for 2 families to secure a classic peninsula holiday retreat or rent out downstairs, while living upstairs. Both living areas of the house have water views, with upstairs having amazing views across the bay and down the Dromana foreshore to Mount Martha. Each living area has its own hot water unit and downstairs has gas heating while upstairs has reverse cycle air conditioner for heating and cooling. Both levels have high ceilings and spacious rooms. The ground floor has 2 bedrooms, family bathroom, separate laundry and toilet with kitchen and dining which leads out onto a front porch. Upstairs another 2 large bedrooms one with WIR and ensuite, separate laundry and toilet with a large family bathroom. The upstairs kitchen dining area has a view down to Dromana Pier. The living room leads onto a massive deck that wraps two sides of the home. The home is elevated with a northerly aspect sits on a 869 sqm block that backs onto semi private parkland and the historic Heronswood Estate. In addition the property includes a carport and garage with a large workshop area.