One of the last original freehold cottages remaining in this exclusive oceanside setting, this c1910 residence offers the option to retain its timeless ambience and craft a sumptuous beach house or redevelop and design your dream contemporary masterpiece (STCA). Enjoying perfect northerly aspects and intimate ocean views stretching to the Fairy Bower Point break, its meandering layout is punctuated by high ceilings and embraced by sun drenched verandahs and decks. Seize a once-in-a-lifetime opportunity to create the ultimate beach house in one of Sydney's most exclusive and desirable lifestyle settings just 50m from the oceanfront and a four-minute stroll to Manly or Shelly Beach. • Tightly-held and thoroughly enjoyed by the current owners for 38 years • Versatile layout accommodating 4 bedrooms and further guest rooms • Existing ocean views with scope to expand by adding a floor (STCA) • Set on 372sqm of easycare gardens in a prime corner position • Gorgeous freehold façade with sunlit timber-posted verandah • Sunny living space with sun lounge and ocean views, separate dining • Reception area with library, open plan gas kitchen with dishwasher • Spacious bedrooms, modernised bathrooms, loft retreat with views • Separate access to a near self-contained one bedroom flat • Rumpus retreat with wet bar, bathroom and two large storerooms • Embraced by sunny private courtyards and easycare gardens • 50m barefoot to the water's edge and access to Cabbage Tree Bay • Footsteps to Sydney's best snorkeling/diving reefs and ocean swim • Seaside stroll to schools, supermarkets and cosmopolitan eateries • Short walk to coastal trails and Manly Wharf (20-30 minutes to the city) • Lock-up garages on both street frontages plus a secure car space