Desirably located in a tightly held pocket of Sandy Bay just one street back from Marieville Esplanade, this impressive property is a generous holding positioned on an allotment of 1207m 2 comprising an elegant circa 1950's residence surrounded by established gardens with a heated pool. Flexibility in the floorplan combined with the immense potential both the dwelling and location provide, makes this a rare opportunity to buy into this sought after locale. Set across two levels, the entry level is dedicated to living with an expansive living room with fireplace, kitchen with space for casual dining, formal dining room off the entry foyer and a study, sitting room and light filled sunroom. A boot room, bathroom and laundry complete the floorplan downstairs. The upper level accommodates five bedrooms and two bathrooms. Water glimpses towards the nearby Royal Hobart yacht clubs, from some of the upstairs rooms. Outside the gardens feature mature plantings, a 7.8 x 4.4 inground pool with pool house, and a double garage. Dual access to rear of block off side road can be put back in place to park additional vehicle or camper. Offering space and privacy in the heart of 'old' Sandy Bay, this beautiful home has great bones and the possibilities are endless. Within easy reach of Sandy Bay Village, excellent local schools, The Royal Yacht Club of Tasmanian and DSS, local playgrounds and the shore of the Derwent for those who enjoy an early morning paddle, this is an exceptional opportunity to acquire a substantial property and enviable lifestyle.