Seize the chance to own the last original waterfront reserve property on Bundara Avenue. This level 607m² lot directly backs onto the serene Terrigal Lagoon and is just a short stroll from the pristine sands of Wamberal Beach. With a generous 15.1m frontage, this property presents an exceptional opportunity for builders and developers aiming to craft a luxury home or duplex development. Property Features: - A classic brick and tile home featuring two bedrooms upstairs, ducted air-conditioning, kitchen, bathroom, and a spacious lounge room that opens onto a concrete deck with filtered lagoon views. - A versatile ground floor offers a third bedroom or study, a rumpus room, covered BBQ area, internal laundry, and an additional bathroom. - Drive-through garage with internal entry - The expansive, level backyard offers the potential to clear some gardens and small trees to further enhance the water views This property is a rare find, offering both the opportunity to renovate the existing home and significant development potential in a coveted waterfront location. Just a short stroll to Cafes, restaurants, Terrigal and Wamberal beaches, don't miss out on this rare opportunity. For more information or to arrange an inspection, contact Josh Svenson on 0431 715 509 today.