**In line with the recent announcement (5th Aug 2021) all inspections scheduled for the next seven days have been cancelled. A virtual inspection may be possible, please contact the listing agent for further details.** A semi-rural offering on the fringe of beachside suburbia, this 25 acre (approx.) property provides a rare chance to keep horses or establish a hobby farm close to shops, schools and services, while future urban growth could make this a profitable land-banking opportunity. Presently zoned "Mixed Farming & Grazing'', the property is one of a precious few of such size in Frankston South with easy access to Peninsula Link, while the L-shaped parcel sweeps up beside the existing residential area of the Tahnee Lodge estate making it of high interest to developers in the future (STCA). Behind a winding driveway, a large five-bedroom contemporary home offers a life of luxury featuring a partially covered inground pool and spa and a freestanding barn with self-contained guest accommodation, while the surrounding property includes multiple fenced paddocks - some with loose boxes - and a large grazing paddock. Inside, the home offers grand space including two living and dining areas with fireplaces, a granite kitchen, children's wing, upper level master retreat with spa ensuite and an impressive poolside entertaining area with a deluxe drinks bar, bathroom and sauna. The extensive barn includes a vast entertaining, two-bedroom self-contained guest accommodation, storage, large attached shed and machinery parking, while a triple garage has an adjoining workshop. The property also includes a tennis court that requires resurfacing.