This property offers 5002m2 of fully usable land located in a peaceful cul-de-sac just off the lower Panorama in exclusive Tallai. With a development application and house plans approved and for a second residence, this opportunity will without doubt appeal to many. For extended families, simply build the second home giving each party a separate dwelling. Benefit from the reduced outlay of securing a separate block of land in such a prime location. Alternatively, as a project, build the second residence, separate the properties by way of a community title scheme and use the profits to pay off the mortgage on the other.Another option would be to use one of the properties as an income producing asset. This property allows varied opportunities to the astute buyer.Current Residence Offers: Approx. 33 squares under roof Stunning timber & tiled flooring Three generous bedrooms with mirror robes Master bedroom with ensuite & jet massage shower Renovated main bathroom, corner spa, shower/sauna & sep. toilet Quality kitchen with gas cooktop, room for Ice Maker fridge Open plan kitchen, dining and living areas Large rumpus room/4th bedroom/Office (suit a billiard table) Stainless Steel ceiling fans throughout Reverse cycle air-conditioning in living areas Huge timber deck overlooking grounds 1.5kw Solar Panels & 3000L Rainwater tank Large double carport, garden shed & storage/workshopApproved Plans for Second Residence Offers: Approx. 41 squares under roof Steel frame construction Four bedrooms with built-ins Master bedroom with ensuite & walk-in robe Large kitchen with walk-in pantry & Ice-Maker fridge space High ceilings in living area Extensive under roof deckingDownstairs: Large Rumpus with bar/kitchenette Office area or 5th bedroom Bathroom & storeroom Perfect separate work from home areaThe land is beautiful with a variety of mature fruit trees. There is a large greenhouse in place to grow your own vegetables and a chicken Coop. There is plenty of room for pool, sheds etc.Located just 10 minutes from great schools, shops and with Robina Town Centre, Hospital and Rail all close by, the location is second to none.All in all, just a wonderful property, theres lots on offer with heaps of further potential.