Set in the tranquil, elevated suburb of Mount Elliot, this spacious renovated residence presents a rare opportunity to secure an idyllic lifestyle property with genuine versatility. Situated on approximately five near-level acres, the home offers a peaceful rural setting while remaining conveniently close to local amenities, schools, and stunning beaches. The main residence has a functional floorplan designed for comfortable family living, with a sunken loungeroom warmed by a slow-combustion fireplace that adds a cosy charm during the cooler months. With a seamless indoor-outdoor flow, the living areas connect to a spacious rear verandah, where you can relax and take in views of the beautifully maintained grounds and watch the children enjoy endless hours in the sparkling in-ground swimming pool, making this home an entertainer's dream and a family haven. Adding further appeal are two fully self-contained studios, perfect for guest accommodation, extended family, or as separate income-generating rentals. This flexibility opens the door to a variety of lifestyle or investment possibilities, all within the same property. Alternatively, the studio to the right of the dwelling can easily be incorporated back into the floor plan of the main residence with the removal of one wall. The land is well-suited to those with rural interests, featuring fenced paddocks with substantial stabling ready for horses or hobby farm animals, as well as a tranquil dam that enhances both the utility and charm of the property. Carports, in addition to garaging, ensure that there is plenty of storage space for equipment or parking of vehicles. The property also has two gated entries along the font boundary. Offering the ultimate blend of privacy, space, and convenience, this property is nestled within a tight-knit community and is just a short drive from everyday essentials. Whether you're seeking a peaceful family retreat, an income-producing property, or simply room to grow, this Mount Elliot home delivers on every level.