25 The Avenue Mccrae VIC 3938

| Fully rebuilt coastal home | 2-min walk to beach | Multi-gen floorplan | 2 master suites downstairs | Premium McCrae pocket | This property’s primary buying case rests on its complete transformation from a 1985 three-bedder into a four-bedroom luxury residence with a floorplan that explicitly targets multi-generational buyers—a rare configuration in a beachside pocket where land is tight. The two master suites downstairs with ensuites and a study, combined with an upstairs living retreat, mean the house functions for two families or extended guests without compromising privacy, which directly supports the premium over recent comparables. The Rod Hannah design and Darren Mountain Homes build quality, plus energy features like solar panels and gas fireplace, reduce ongoing costs and appeal to discerning owner-occupiers who value low-maintenance coastal living. This property suits a buyer seeking a turnkey home in a walk-to-beach location where new builds of this standard are infrequent. The key risk is price positioning: the indicative range sits well above the suburb’s median and the $905,000 comparable sale for a similar-sized block nearby, meaning the buyer pays a significant premium for the rebuild quality and floorplan rather than land value. This limits future capital growth to market-wide appreciation rather than site-specific uplift, and the property may take longer to sell if resold within five years. The opportunity lies in its dual-living capability, which could support short-term rental of one wing while occupying the other, offsetting holding costs. Hold this property as a long-term family home or a lifestyle asset where the configuration justifies the premium over standard coastal stock.