60 The Parade, Ocean Grove VIC 3226

Set against the backdrop of sweeping coastal panoramas that stretch from the rolling waves of Ocean Grove's main beach across to the Barwon River and The Bluff, this property zoned Residential Growth Zone Schedule 3, represents a unique opportunity to make your mark in an elite inner-village setting.

Elevated upon a rare 851sqm (approx.) landholding that's a mere 150m stroll to the bustling village centre, the existing two-storey dwelling offers scope to unlock its exceptional potential, or knock down and bring your vision to life with a luxury multiple residence development to this sensational seaside address (STCA).

Privately set behind majestic gum trees and brimming with character, the current 3-bedroom, 2-bathroom home boasts a highly flexible floorplan highlighted by postcard-worthy views from both levels.

Bearing all the hallmarks of its 1940s heritage, the largely original ground floor is enhanced by beautiful period features including timber flooring, decorative ceiling roses and cornices. Wrapping around a central kitchen with dishwasher, it presents a choice of spaces for work, rest, and play ideally customisable to suit your day-to-day needs.

An upstairs extension places the focus firmly on the captivating outlook, incorporating a superb multi-use retreat and vast entertainer's balcony that beckons hosting summer gatherings with family and friends, unwinding to the backdrop of spectacular sunsets over the water, or simply lapping up the seaside serenity.

Additional appointments include gas heating and wood burning fire, ceiling fans, single car port and large garden shed amongst a spacious and private back yard.

An easy walk to both the patrolled main beach and Barwon River estuary for a host of recreational pursuits, and just a one-minute stroll to The Terrace shopping and dining precinct, this is an unquestionably rare opportunity, ready for the new owner to capitalise upon and create something truly special.