A truly rare and exciting opportunity awaits on Elwood?s exclusive Golden Mile beachfront?opposite Elwood Foreshore and just steps from the vibrant Ormond Road Village. This c.1920?s gem, split across two titles on a substantial landholding of 462sqm (approx.), is being sold as one, offering endless potential for the visionary buyer. The top-floor residence boasts stunning bay views, expansive living areas, and four bedrooms across two levels, while the lower-floor unit enjoys the privacy of a front garden and patio, complete with two bedrooms and two bathrooms. With laneway access to a double garage and keyless entry for both units, this property presents a golden opportunity for revival or a complete transformation into an incredible new home site. Whether you seek to restore its original grandeur, create a state-of-the-art family home, or explore development potential (STCA), the possibilities are as substantial and impressive as the location itself. Walk across the road to beautiful Elwood Beach, kilometers of Bay Trails, and foreshore reserves, or stroll around the corner to renowned Elwood Village boutiques, eateries, and bars. Perfectly positioned near Elwood Park and the Foreshore, this address also offers proximity to Elsternwick Park, Brighton's esteemed private schools, and easy transport links.