48-54 Glenvue Road, Rye VIC 3941

An extremely rare opportunity to restore a Peninsula icon to its former glory and revel in spectacular 360-degree views sweeping across the ocean, the bay and Arthurs Seat, this grand four-bedroom residence set atop an elevated 6-acre (approx.) parcel of land is absolutely charged with potential.
Once the popular ‘Highlands Sauna & Bath House’ frequented by Melbournians on pampering weekend escapes, the tri-level designed home fringed by north-westerly decks has been well considered to take in the sunset views, with a glass-flanked turret on the third level providing the ultimate observation room to look out over Port Phillip Bay and Bass Strait.
With the current residence providing the advantage of a three-storey height that is unlikely to be obtained on a new build, the home could provide the basis of a wonderful renovation, using the extensive floor plan to cater for the largest of families or for an accommodation business (STCA) beside golf courses, hot springs, bay and surf beaches.
The large 6 acre property will also appeal to the business minded, with glorious space and serene surrounds to construct coastal cottages or even reinstate a dilapidated former swimming pool/spa building that was once used in Rye Bath House.
Inside, the current premises includes a vast living area and kitchen on the mid-level, along with two bedrooms, sun room, balcony and a bathroom, while the lower level is self-contained with two more bedrooms, a second bathroom, second kitchen and living area opening to a deck.