Premium development opportunity STCA. OPTION to purchase next door as well to give approximately 2,110m2 of waterfront land as indicated in image of double block. Arguably the best location to capitalise on views of the glistening Lake Illawarra and surrounding escarpment across the rippling shores of Koona Bay. Step out of your backyard into the water, get the kayak, the boat or the stand-up paddle board. Currently featuring the original 4 bedroom house – enjoy an income from existing tenants while deciding what to do. Call now to register interest on one or both of these lakeside gems!