This unique property is situated in picturesque Waikawa Bay within a quiet cul-de-sac. Just a short walk to the boat launching ramp, beach and jetty. This 4-bedroom home is on 2 levels with separate entry points offering a residence and income opportunity. On the ground level are 2 bedrooms, open-plan lounge/dining and kitchen area presenting many possibilities. A lift takes you to the upper level, where there are 2 bedrooms, 1 bathroom, a wonderful kitchen and a separate lounge/dining area with a cosy log burner and a large skylight, allowing plenty of natural light. There is a spacious covered entertainment area to use all-year round, a fabulous outdoor space to relax and unwind in this tranquil environment. There is also a carport with 3 additional parking spaces.