4/42 Violet Street, Frankston South, Vic 3199

Positioned at the perfect elevation to capture jaw-dropping views across the beach and Port Phillip Bay to the Melbourne city skyline, this long-held and well preserved townhouse opposite the shore showcases the most exciting opportunity to transform an almost-beachfront villa into a contemporary coastal oasis worthy of this blue-chip location.

Within a quiet coastal complex, the unobstructed 180 degree panorama captures a bird's-eye view across Olivers Hill to the golden sands of Frankston Beach and the iconic pier. Wrapping around the bay to Melbourne, the You Yangs and the Bellarine to the west, this picture-postcard vista is utterly mesmerising and ever changing.

Set beyond gated entry amid cascading coastal gardens, the surprisingly spacious home features two sundrenched, interconnected living zones flanked by tall windows framing the beach and bay beyond. Spilling out through sliding glass to a small patio, a savvy eye will immediately spot the potential to install a large deck (and infinity-edge pool!) to create a resort-style alfresco space seemingly jutting out over the shore.

The well-sized and pristine kitchen awaits a contemporary update with generous dimensions well suited to modern families. Down the hall, the three bedrooms share a full family bathroom and a master ensuite – both of which are adorned in retro tile. Complete with ducted heating, a split-system and a double remote garage with internal access, the residence offers every attribute that would appeal to renovators.

Close to Frankston Primary School, Frankston High School, the bustling town centre and entertainment precinct of Frankston or the quiet elegance of Mount Eliza village, this exceedingly rare beachside gem is footsteps to the meandering trails of Sweetwater Creek and the boardwalk to Sofia's restaurant and the ever-vibrant foreshore festivals, food trucks and attractions.

Suited to families, holidaymakers, seachangers, downsizers and tradies alike, this captivating home claims some of the most spectacular views on the Mornington Peninsula.