2 Russell Street, Mccrae VIC 3938

Auction Location: On Site

Positioned on a generous half-acre (1,969m²) north-facing corner site, this beautifully refurbished four-bedroom, three-bathroom weatherboard residence presents a rare and exceptional opportunity.

Stepping inside, the entry-level offers a spacious living area, two bedrooms, a second kitchen, and the warmth of a wood fire—perfect for cozy winter nights. Upstairs, the home has been thoughtfully updated, featuring a modern kitchen and bathroom with a combined laundry, two additional bedrooms, and a sun-drenched north-facing living area. This space seamlessly extends onto an expansive, wraparound, full-length deck, providing breathtaking, uninterrupted views of the bay—an ideal setting for entertaining or simply unwinding in a tranquil coastal atmosphere.

Comfort is assured year-round with reverse-cycle air conditioning and a Coonara wood heater. A single garage offers secure parking and additional storage. Adding to its appeal, the property is subdividable (S.T.C.A.), making it an enticing prospect for investors, developers, or those seeking a versatile coastal retreat.

This is the first time the property has been offered to the market since the 1950s, making it a truly special and unique opportunity. With a rental expectation of approximately $700 per week, it also presents strong investment potential.

Don't miss the chance to secure this remarkable property—whether as a family home, holiday retreat, or future development opportunity, this is a once-in-a-lifetime offering in a highly sought-after location.