Nestled upon one of the bay's most beautiful beaches, this much-loved family home of 40+ years offers an extraordinary opportunity to secure approximately 1,937 sqm of absolute beachfront bliss. Located just 350 metres from Aspendale Village and with private gate access to pristine stretches of sand, this exclusive lifestyle location is as exceptional as this tightly held parcel of prime land. Boasting an approximate 15.5-metre frontage to Aspendale Beach, and 22-metre frontage to the Nepean Highway, an array of exciting possibilities await. Explore the glorious bay view and development potential, build your contemporary coastal masterpiece or realise the existing home's captivating charm with renovation (STCA). Believed to be one of Aspendale's original holiday homes predating the 1900s, the house features rich period detail, including timber wall panelling and soaring ornate ceilings. A generous layout includes four bedrooms, two bathrooms, an elaborate lounge room with an open fireplace, formal dining room, timber kitchen with meals, plus an additional sitting room. A kitchenette and third living area with outdoor access provides scope for multi-generational living, while expansive gardens and an artist's studio also feature. Superbly positioned just steps from Aspendale's local cafes, restaurants and shopping, plus minutes to Aspendale Primary School and St Louis de Monfort's Primary School. A five-minute stroll will have the children on the train to Mentone's private schools, as well as providing easy access to Mordialloc's upmarket restaurants and bars, Westfield Southland and the city.