Versatility abounds in this rare and appealing lifestyle opportunity, positioned on a hefty 16340sqm parcel in picturesque Rathmines, and only one of the two lots on the street that can construct two dwellings. Currently, the block holds two dwellings, one a tidy three-bedroom home returning $480 per week, and the other is a magazine-worthy contemporary home with all the bells and whistles – including an attached self-contained granny flat. Future options are aplenty with the opportunity to knock down the original home and rebuild a modern masterpiece on a cleared expanse closer to the water's edge, and possibility for equestrian with the grounds to house horses. Park-like in its presentation, the beautiful location of these homes is near Rathmines shops, public school and bowling club, moments from Styles Point Reserve and the local boat ramp, and mere minutes to the M1 for commuters wanting an easy connection to the Central Coast, Sydney and the Hunter Valley. - A rare natural wonderland offering acreage privacy, lake access, a dam and jetty - Renovated three-bedroom home with its own phone, water and power connections - Two boat/caravan sheds, car hoist plus an oversized dual-bay garage and double carport - Near-new contemporary home finished in up-to-the-minute luxurious style - Four bedrooms, two designer bathrooms and open plan living with combustion fire - Showpiece kitchen, home office, air-conditioning, and a cosy combustion fire - Attached one-bedroom (fully self-contained) granny flat with private access - Stunning block bordered by native bushland with connection to Lake Macquarie - Live life in a natural wonderland surrounded by a series of pristine waterways