This historic waterfront estate is perched gracefully over Puget Sound in a coveted Magnolia setting. A rare offering encompassing 1.5+ acres of private, parklike grounds with hidden gardens and spectacular Sound and Olympic Mountain views. The glorious waterfront setting includes an additional tax lot of tidelands. The home and the estate grounds accommodate parties for hundreds. Designed by J. Lister Holmes, the beautifully updated 7,230+ square foot home pays homage to its original splendor with bespoke finishes throughout. A dramatic arrival establishes the home's architectural presence and refined elegance. The grand, light-filled living room with ceiling timbers boasts French doors leading out to just one of the spacious view terraces, ideal for entertaining. The open, renovated kitchen is an epicurean's dream with casual eating space, generous island and top-notch appliances. The adjacent family room offers another view terrace; a tranquil year-round oasis for enjoying gorgeous sunsets. 4 bedrooms including a primary suite bathed in natural light. 2+ offices with handsome built-ins for those who work from home. The lower level rec room with wet bar offers the ultimate hangout space. Nothing is missing from this cherished residence. Minutes to Met Market and the dining + shopping in treasured Magnolia. When the tide is out, stroll to Discovery Park along the beach. A unique opportunity to own a quintessential Seattle estate.