"Panaroo'' style and grandeur beside Mornington's stunning coastline, this seaside manor captivates palatial living, glorious gardens and a enviable position moments from the waters edge. Enchanting Victorian-style architecture with balcony views of boats on the bay, the home delivers a life of luxury laced with the personality and warmth of charming period decor. Currently enjoying strong returns as luxury holiday home guest accommodation for up to 12 people, the new owners could continue the business (between their own visits to the seaside) or enjoy as a permanent residence delivering a dream beachside lifestyle. This grand home situated on a huge site of 1,382sqm approx. – gives the next owner the ultimate potential development site (subject to council approval). Beside an impressive entertainers' kitchen, a gorgeous open plan living and dining area spills out to a summer terrace flanked by tropical gardens, while an upper level rumpus lounge opens to a broad viewing balcony set among the palm tree canopy. A highly sought lifestyle on the Mornington Peninsula, only an hour from Melbourne, the property is steps from Mornington's coastal walk leading to Coral Beach or Fisherman Beach, and moments to Main Street's long stretch of restaurants, bars and boutiques. • Reclaimed brickwork, dado panels, polished floorboards • Two vast living areas one with wood burning fire • Large country kitchen with walk-in pantry • Master suite with fireplace, WIR & ensuite • Main bathroom with shower over central soaker tub • 10sq barn-style double garage with 3-phase power • Extensive parking for boat/caravan • Generous rear gardens with room for a pool • Option to subdivide & build at the rear or redevelop (subject to council approval) • Bus stop nearby to both Sorrento & Frankston • Solar Panels