A rare Petaluma offering, this 0.56 acre corner-lot estate blends timeless architecture with modern comfort and versatility. At the heart of the property is a beautifully updated 1920s Craftsman, where five bedrooms and three full bathrooms unfold across 2,619 square feet, thoughtfully updated while preserving its original character and charm. Rich hardwood floors, abundant natural light, an updated kitchen, spacious living areas, and classic Craftsman details create a warm and inviting atmosphere, while the private backyard is designed for year-round enjoyment with an in-ground pool, separate pool house, mature landscaping, and multiple outdoor entertaining spaces. Situated on approximately one-half acre at a prominent corner location, the home enjoys exceptional curb appeal and sits just moments from the highly regarded Liberty Elementary School. The generous corner-lot setting also offers potential for future expansion, subject to buyer verification of zoning and development possibilities. For those seeking even more space and flexibility, the adjoining 2.75-acre parcel at 724 Liberty Road is also available, featuring multiple income-producing residences, barns, expansive paved parking, and level usable acreage ideal for multigenerational living, hobby farming, or investment. Purchased together, the two parcels form a rare 3.31-acre estate combining luxury living with income potential. Conveniently located just minutes from Historic Downtown Petaluma, Highway 101, shopping, dining, and Sonoma County's renowned wine country, 720 Liberty Road is an opportunity unlike any other.