Bounded by the exclusive Glen Shian Lane and Ballar Creek within the exclusive Golden Mile, this 2991sqm (approx.) allotment presents a myriad of opportunities to embrace the beachside Mount Eliza lifestyle. Situated for family prestige, or the ultimate weekend escape, this property preserves an original Mount Eliza home only moments from the village and Toorak College and only 60 minutes from Melbourne’s CBD. Reimagine this coastal residence with contemporary luxury, where families and developers alike are invited to dream with approved plans and permits for a two lot subdivision. Adorned with the drama of soaring ceiling heights, and genuine family proportions across 5 bedrooms and two living spaces, the original home invites buyers to explore the options to renovate or redevelop. Presented with pride the original design emphasises natural light and rich timber textures throughout. Perched above the main living spaces, a completely private parents retreat occupies the entire first floor complete with a walk-in robe, ensuite bathroom and dedicated home-office, accessible without disturbing the master suite. Established with mature trees, the expansive yard includes a fully-fenced poolside alfresco, with scope to add a tennis court, or subdivide with prior approval to finance a once-in-a-lifetime renovation. Surrounded by esteemed education and the glistening waters of Port Phillip Bay, the local beaches offer an array of post-card worthy landscapes to backdrop a lifetime of memories.