A rare opportunity to obtain a prime development site in Phegans Bay. Boasting an expansive 868sqm plot, this property offers easy access and stunning expansive water views. Offering abundant sunshine year-round in this unique waterfront reserve location and just a mere 10 meters from the water's edge, it is an unparalleled opportunity for development or investment. - Prime opportunity to build a multi-million dollar home in an A1 position - Offered with plans(yet to be submitted or approved) to build 2 luxury homes - Amazing opportunity to build dual income luxury investment - Massive 864.2sqm parcel of land, zoned R2 low density residential - Custom build a home to take full advantage of the elevated water views - Waterfront reserve location in a peaceful picturesque location - Slipway directly in front of property for launching your boat/kayak - 100m from public jetty for fishing and further water access - Surrounded by national park in a quiet, family-friendly community area - Moments to trains/M1 to Sydney; peninsula beaches, cafes, restaurants, shops KEY DETAILS: Council Rates $2,177pa Water Rates $994pa