46-50 Ellerina Avenue, Mount Martha VIC 3934

Resting on a substantial 3,550 sqm (approx) parcel in a peaceful enclave of Mount Martha, this mid-century, double-brick home offers an unmatched opportunity for developers or renovators seeking a property with limitless potential. Capturing westerly views that stretch over Port Phillip Bay, the dual-level layout comprises of four-bedrooms, three-bathrooms and heralds a vibrant era of original charm.

The top floor features high ceilings that house a timeless corner kitchen, dining area and formal living room, where a grand open fireplace draws the eye. A balcony is elevated to offer a vantage point for the sweeping bay vistas and gentle sea breeze. Parquetry flooring, exposed brick accents, and vintage elements further define the home's character, while the master suite showcases a walk-in robe, ensuite, and wallpaper that adds a nostalgic flair.

Downstairs, the layout is more intricate. The ground floor includes a three-car garage, and a private sauna and spa, adding a touch of luxury to the potential renovation. The bold architecture, complemented by a circular driveway, makes this standout residence ideally suited to those with a vision to modernise and capitalise on its full potential.

For developers, the expansive land lures a compelling opportunity for subdivision (STCA), with the potential for three separate lots. Positioned near Martha Cove Marina, Mt Martha Village, Balcombe Grammar School, Mount Martha Golf Course, and The Briars, this property is a foundation for a lifestyle of seaside enjoyment in one of the Mornington Peninsula's most sought-after pockets.