This fabulous property enjoys a prime position in an exclusive waterside enclave just North of Hobart and near to the world renowned Mona museum. Built in 1970 and constructed over three levels, the home has undergone a masterful renovation, taking full advantage of its superb location and resulting in a home that is spacious, elegant, comfortable and a joy to live in. With only a crown reserve separating you from the water's edge, the views are sublime. Huge windows provide the perfect frame for the beautiful outlook whilst also allowing the sun to naturally warm the home. The accommodation is substantial. A spacious entry foyer leads to the huge open plan living area. The kitchen is superb, with granite bench tops and Bosch appliances including 2 wall ovens, steamer, plate warmer, microwave oven and large 6 burner gas hot plates. The adjacent dining and living area open to a generously sized balcony, the ideal place to sit and soak up your beautiful surrounds. Inside, a gas heater and a woodheater provides for warmth and ambience. The elegant master bedroom suite is located on this level providing parental privacy and includes a walk in robe and gorgeous ensuite. Upstairs there are three delightful bedrooms, all of which enjoy the beautiful views, together with a stunning brand new bathroom. A rumpus room, garage, workshop and substantial storage area are located on the lower ground floor. There are currently approved plans to convert this area into self-contained visitor accommodation of 2 bedrooms, 2 bathrooms, open plan kitchen/living area and separate laundry. The grounds are established, private and provide numerous alfresco entertaining options. An outstanding property which provides a beautiful place in which to reside, together with the potential for income into the future.