Situated in a quiet cul-de-sac just moments from the iconic McCrae Lighthouse and front beach, this exceptional 1,196sqm (approx.) property presents a rare triple opportunity - enjoy the quintessential beach shack, build the approved luxury family home, or explore multi-dwelling development potential (STCA). This expansive, level allotment offers outstanding lifestyle and investment appeal with quick freeway access to Melbourne, ideal for commuting or effortless weekend escapes. Your morning coffee is only metres away, with McCrae's popular cafes and restaurants around the corner, along with McCrae Plaza shopping centre. Surrounded by prestigious homes, the charming original beach shack has been updated with essential modern comforts. Hardwood floors, raked ceilings and louvred windows enhance the beach-chic vibe throughout the open-plan kitchen, dining and living zone, complemented by ducted heating, a wood fire and split-system air conditioning. Two bedrooms with built-in robes, a tidy bathroom with separate toilet, and a laundry with storage complete the layout. Approved plans and permits for a striking contemporary Rod Hannah Design residence unlock outstanding future potential. Enjoy now as a seaside getaway or holiday rental, landbank while considering townhouse or multi-dwelling options (STCA), or commence construction of your luxe coastal sanctuary. Whatever your vision, this unique McCrae offering delivers size, location and flexibility to shape a future that perfectly suits your lifestyle and ambitions.