This stunning elevated 1959sqm (approx.) parcel of rare earth is just waiting for you to build on it right away and capture the potential of breathtaking Mt Martha escarpment views. The property is almost fully fenced and secure and mostly cleared from trees and scrub. Choose one of many open spaces to build as you have many to choose from. All you need is a "statement" entry gate to compliment the pencil pine entranceway to complete the picture. There is no better time to construct a brand-new home than right now, as prospective buyers are able to take full advantage of the various State Government's and Federal Government' grants. This elevated half acre (approx.) block is in prime position for a quality modern two-storey residence (or three-story S.C.T.A and height allowances) allowing you to take full advantage of the mesmerising vista that is on offer to you. Otherwise, even a clever single-level property will still benefit from a quiet court position so the possibilities are endless here. You can have the opportunity to build a sprawling ranch style home if you choose. A short stroll to get the best bacon and egg roll on the peninsula as the Guest Street milk bar is so close you "might" smell the bacon cooking. This vacant lot will not last long and is destined to be snapped up right away!