The Two Bays walking track on the Mornington Peninsula is one of my favourite walking spots.
The views across the bay are stunning, the wildlife, bird life, flora and fauna are exceptional and like no other walking track on the Mornington Peninsula.
I used to run/walk this track upwards of 3 times a week, I lived only a few hundred metres from the entrance to the National Park and enjoyed it thoroughly.
So when I am back at Arthurs Seat, I enjoy going for a walk around the Two Bays track. I am a little hesitant to share this walk with everyone because it's perfect, I don't want it becoming the next thousand steps.

Start of the track at Seawinds
I started at
Seawinds National Park and followed the path to the start of the Two Bays Walking Track. There are two walks to choose from at this point, one being Two Bays and the other is the 1.4 km TC McKellar circuit walk. The Two Bays veers to the right and goes past the dam and into bushland. At this point I could sense I had company, no need to worry though, turns out to be Skippy and his family. The kids love seeing the Kangaroos here.
Through the bushland we spotted Fairy Wrens, Kookaburras, Rosella's , lots of butterflies, some lizards (small skinks) , Wedgetail Eagles and Kangaroos.
About 1 km into the walk you will start getting glimpses of Port Phillip Bay, further along the track after going up and down some stairs there are clearings between the trees and this allows for the best viewing.
Continue on to the top of the hill, where there is a clearing and more walking track options.Two Bays continues to go straight ahead and back into the bush, you then start descending down into the gully and after a few hundred metres you will come to Kings Falls Walking Circuit, follow this short track to the waterfall lookout. The waterfall has never been that spectacular as it lacks a lot of water, it's usually more like a fast tap, but it still sounds nice.

View from the clearing
Walk back towards the Two Bays sign and turn right onto the Kings Falls Circuit track, this side is more scenic as it goes through a fern gully back up to the top of the hill, which brings you out onto Waterfall Gully Rd.

Waterfall lookout
Turn left onto Waterfall Gully Rd and follow it east to Purves Rd then follow the horse trail on the side of the road back to Seawinds.
On the way you will spot cattle, horses, birds and pass
Arthurs Seat Maze before entering Seawinds National Park.
Total distance is about 7km.
It's 3.2 km from Seawinds to the Kings Fall Circuit one way.

Waterfall Gully Rd
You could do many variations of this walk, including starting from Waterfall Gully Road.There is the option of shortening the walk by turning left at the clearing on top of the hill and follow Seamist Drive to Purves Rd.
I did this walk by myself and 3 children, 2 in a pram, 1 in a baby carrier.The stairs aren't too difficult to navigate as you can fit the pram on each step, however when you need to ascend the stairs on the Kings Fall Track it's more difficult as they are too close together to fit the pram on. So if you are taking a pram you may want some help here.
Either way, you will enjoy this walk