161 Gould Street Frankston, VIC 3199

Positioned between the golden sands of Long Island Beach and the tranquil waters of Kananook Creek, this rare waterfront property on approx. 425sqm delivers a flexible dual-living layout ideal for investors, extended families, or holiday-makers seeking a high-yield income stream in a prized Frankston location.

At the front, the beautifully renovated main residence features an expansive open plan living, dining and kitchen zone, enhanced by timber-look floors, LED downlights, split system heating/cooling, and potential to reinstate the original open fireplace. The modern kitchen is well-appointed with a Foster gas cooktop, Whirlpool oven, Bellini dishwasher, breakfast bar and pendant lighting.

Three spacious bedrooms are carpeted with built-in robes, serviced by a sleek central bathroom with integrated laundry and a generous storage room. A loft ladder leads to additional ceiling storage, offering excellent practicality. Additionally the property features a 10kW Solar System.

At the rear, a separate self-contained cottage residence boasts a light-filled living and dining space, kitchenette with fridge, a large master bedroom plus a second bedroom with ensuite, and under-house storage. Styled with beachy charm, this space is ideal for dual occupancy, guests, or short-stay accommodation.

Outdoors, a large deck and landscaped garden flow down to the private jetty and boat house, offering direct access to Kananook Creek. The property also includes a double remote carport, pergola, and side access. All this within a short walk to Frankston's vibrant restaurants, cafés, cinemas, train station, Long Island beach, Frankston Pier, and the scenic boardwalk along the waterfront.

Should you require any further information, please do not hesitate to contact Ashley Weston on 0439 101 677 anytime.

Please note Photo ID is required for all inspections.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.