Nestled amidst lush, landscaped grounds and built by a famous naval captain, this distinguished two storey home is resplendent with lofty ceilings, beautiful cedar panelling and decorative period detail. Delight in a stately masterpiece, elaborately restored and sympathetically enhanced to create elegant, contemporary living. Revel in the natural beauty of this estate featuring large palm groves and park like areas of open space through this expansive property ideally situated in a tranquil seaside locale. An alternative opportunity exists to further develop and subdivide this 7308m2 parcel of land Zoned 2(a) Residential (STCA). Comprised of 5 liberal bedrooms and 2 bathrooms, grand Rathane provides a comfortable family lifestyle with an impressive array of living areas. Overlooking a light-filled casual lounge flowing out to a paved alfresco terrace and vast level lawn, the eat-in granite gas kitchen offers vintage Ilve appliances. A separate, self-contained cottage consists of a sunroom, bedroom, full bathroom and kitchen, a perfect teen/in-law retreat. The oversized master bedroom offers walk-in robes and a private, sun-drenched balcony. For formal entertaining, retreat to the billiard room and adjoining lounge with a working gas fireplace. Enjoy balmy nights around the pool or stroll to the popular shores of Austinmer Beach just moments away. Additional features include: study, gymnasium/studio, polished floors, two double lock-up garages, attic accommodation, extensive storage capacity, air conditioning and gas appliances.