Welcome to 'Drumcondra' - the first residence established in the prestigious Drumcondra Estate. Built in 1912 by renowned Geelong benefactor John Percy Baxter (of Baxter House), this landmark Federation home proudly bears the name of the bayside suburb it helped define. Offered to the market for the first time in 44 years, this is truly a once-in-a-generation opportunity.

Positioned on a substantial 1205m² corner allotment just 150 metres from Corio Bay, this home sits among Geelong's most exclusive properties and prominent landmarks. Distinguished by its Edwardian architecture and set on solid brick pier foundations, it showcases soaring 3.4-metre ceilings, intricate fretwork, leadlight windows and ornate fireplaces - a timeless blend of elegance and enduring craftsmanship.

Its grandeur is matched by generous proportions, with a flowing floor plan offering both formal and informal living areas. A stunning bay-windowed lounge captures glimpses of the water, while a second sitting room with a cosy wood fire adjoins a private study - perfect for quiet reflection or remote work. The formal dining room is bathed in natural light and gazes toward the original hothouse, a charming nod to the property's horticultural heritage.

Overlooking the lush north-facing gardens and sun-drenched alfresco deck, the kitchen features a long island bench, stone surfaces, stainless steel appliances and a walk-in pantry. The grounds are anchored by a majestic 70-year-old walnut tree, encircled by established ornamental plantings, a variety of fruit trees, raised vegetable beds and a custom-built pizza oven - an idyllic setting for entertaining or simply enjoying the rhythm of the seasons.

Accommodation comprises three generously sized bedrooms and two bathrooms, complemented by two versatile living spaces that offer flexibility as fourth and fifth bedrooms. The vast roof cavity offers exciting potential for an upper-level extension (STCA). A separate, fully self-contained unit presents an ideal option for multigenerational living, guest accommodation or a prospective Airbnb. Additional highlights include extensive solar panels with battery storage, hydronic gas heating throughout, a split-system air conditioner and an oversized double garage with loft storage.

Just steps from bayside beaches - including Western Beach, Rippleside Beach and St Helens Beach - as well as Lunan Avenue Park, this prized location is only moments from the Geelong CBD and vibrant waterfront precinct. Enjoy daily walks along the promenade to Cunningham Pier, Eastern Beach and the Botanic Gardens - where native birdlife and marine life create an ever-changing natural backdrop. Watch fireworks and major events from your front verandah, or cast a line at the water's edge.

Stroll to cafes, boutiques and amenities on nearby Pakington Street, with a selection of Geelong's finest primary and secondary schools also within easy reach. Superior highway access ensures seamless connectivity to Melbourne and surrounding seaside towns.

Potential rent return at $950 - $1050 per week.