A CLASSIC Aussie beach shack has hit the market in St Leonards with an uninterrupted view across the bay.
There is potential to update the original three-bedroom house at 399 The Esplanade or develop the 698sq m site into townhouses, subject to council approval.
There is precedent with several other townhouses being built in the area, replacing older homes.
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No. 42 The Esplanade, Portarlington sold for $755,000 in 2011 with a small beach shack on the site.
Two luxury townhouses replaced the shack and one sold $160,000 above reserve at auction for $1.66 million in January last year.
Stockdale & Leggo, Portarlington agent Amelia Wright said the St Leonards property had been in the family for about 20 years and had been used as a permanent home.
CoreLogic data shows it last sold for $95,000 in 1993.
“Hopefully someone will do something really nice with it and you will never get built out of those bay views,” Ms Wright said.
The two-storey house currently has a garage, loungeroom and bathroom/laundry on the ground floor and three bedrooms, main bathroom and open-plan kitchen, meals area and loungeroom upstairs.
It has views across the bay to the Melbourne skyline and is close to St Leonards shops and cafes.
Price hopes are $949,000.