Only metres from the shoreline is this outstanding opportunity to secure your waterfront dream. The unique easterly outlook enjoys panoramic views across Port Phillip from the city skyline down to both Mornington and Bellarine Peninsula. This ever-changing vista can be enjoyed from the existing home with approximately 728 m² of land. Future consideration as a new home or development site must be given to do justice to this magnificent position. Recreational facilities such as the boat ramp, sailing and fishing clubs are naturally close at hand with access to bike path and walking track at your door. From this peaceful environment it's easy to forget that you are only 300 m to the train station and an easy stroll to Pier Street with its shopping, amenities and emerging cafe precinct. This is one of the few remaining opportunities to purchase an original site along this highly regarded stretch of the bay.