As an opportunity so rare, this sensational waterfront property is one of the tightly held estates that border the tranquil waters of the Orakei Basin. In the same family ownership for over 50 years, its expansive 1179sqm of land slopes gently to the north-west to embrace the sun as well as sweeping views over the basin and across to the city skyline. Step from the various balconies and decks, past the swimming pool to the water's edge, or simply relax and enjoy the breath-taking view as you almost hover above the sea. The existing home is a slice of mid-century history - a Bauhaus-inspired home designed by architect Vladimir Cacala for his family in the 1960s. Its clean lines could form the basis of a comprehensive renovation. Or, unconstrained by its post-1940s age, you could have a blank canvas and start again to create a home truly deserving of this spectacular site. The house is perfectly livable as is, while you plan your future. The master bedroom, main living room, second bedroom have grandstand views while two more living areas include a pool-side rumpus room alongside a self-contained two-bedroom apartment, also enjoying panoramic basin and city views. Secluded at the end of this popular street, you'll feel far from the city bustle yet you're close to shops, cafes and schools. This is a once-in-a-lifetime chance to create your own family legacy in a very special corner of Auckland. Property Specifications:House Area: 257sqmLand Area: 1179sqmYear Built: 1962 CT: NA1827/89Legal Description: Lot 2, Deposited Plan 46346Rates: $8,001.59 (GST inclusive) CV: $2,500,000Tenders Close4pm, Thu 07 Mar 2013Please phone for viewing times.For more information please contact Gary Wallace on 0274 988 585.Click here to find out what's within walking distance from your new homeRemuera:Remuera is conveniently located within easy driving distance of Auckland's CBD, the Auckland Domain, Auckland Hospital and Eastern Suburbs beaches. An eclectic mix of mainly old character homes and new homes makes it an attractive area that has been home to many of Auckland's most influential families since the 19th century. Remuera's Library is a landmark building in the centre of a bustling strip of fashion and homeware stores, interspersed with delightful restaurants and cafes. Residents love the open green spaces and a large selection of parks, reserves and walking tracks including Little Rangitoto Reserve and the Orakei Basin board walk.