A magical calm settles lightly on this rare Parnell waterfront property poised discreetly on a substantial site above the Hobson Bay walkway.

Cleverly designed by architect Garry Tonks in 1972, the timeless, carefully updated home has only ever had two owners. For 35 years, the most recent family has marvelled at the exquisite serenity. Now, you too can admire sunrises and moonrises across the water and watch oyster catchers fossicking for shellfish in the mudflats.

Enjoy the family-friendly layout with several living areas that embrace stunning views. The compelling architectural character of soaring double height timber ceilings and windows offer glimpses of native bush behind, and beautifully lit alcoves generates a wonderful ambience.

On the ground floor living, an open plan kitchen includes a scullery. Extending to a glazed exterior dining terrace that incorporates a fireplace and retractable awning, there's fantastic indoor-outdoor entertaining overlooking the pool.

Two sets of stairs separate parent and children's areas. Children's rooms and a second study plus a wc sit in one wing, sharing a bathroom. In the other, a spacious retreat with ensuite and tons of storage is located above the sublime upper-level lounge areas, one a cosy snug warmed by a gas fire. Both open wide to the magnificence beyond.

On a practical level, the large double internal garage and off-street parking is a bonus in this tightly held no-exit street.

A beautifully unique home. A breath-taking property. Escape the everyday to a place that promises a lifetime of special family moments.