Set within one of Mount Eliza's most tightly held and desirable pockets, 4 Penny Lane presents a rare opportunity to secure a substantial 3,189sqm approx. landholding with exceptional future potential. Positioned in a peaceful, prestige enclave, the property offers a compelling canvas for developers, builders, land bankers or luxury home buyers looking to capitalise on a blue chip Mount Eliza address. Whether the vision is to create a landmark coastal residence, explore a multi dwelling outcome, or hold as a premium long term asset, the scale and location of this site make it a standout opportunity. The existing home provides holding income or short term usability while future plans are explored, giving buyers flexibility from day one. With established homes, high end residences and premium redevelopment activity continuing to shape the surrounding area, this is a site that invites ambition. Moments from Mount Eliza Village, leading schools, beaches, parkland and the Mornington Peninsula lifestyle, 4 Penny Lane combines lifestyle appeal with genuine land value. A rare chance to secure size, position and future upside in one of Mount Eliza's most coveted addresses. **Key highlights:** 3,189sqm approx. landholding Prestige Mount Eliza and Golden Mile position Outstanding development or luxury new home potential STCA Existing residence offering flexibility while plans are considered Blue chip location close to schools, village shops, beaches and lifestyle amenities Ideal for developers, builders, land bankers or prestige home buyers