With a delicious sense of isolation, this 49 acre country property provides a spectacular vista over rose gardens, a fish-filled lake and rolling fields to picturesque peninsula hinterland and Arthurs Seat.

Just minutes from the beach and Mt Martha village cafes, this comfortable homestead and guest cottage offers a lifestyle opportunity too good to be true and the chance to pursue your dream of farming with six paddocks surrounded by 7000 native trees for grazing, or a variety of rural pursuits.

Behind a long tree-lined driveway, the four-bedroom home is surrounded by rambling verandahs where you can take in the spectacular scenery, while inside offers spacious living including two living and dining areas, two wood heaters, reverse cycle air-conditioning, gas ducted heating, a bar, spa ensuite and a two-room home office with separate entrance.

The home surrounds a courtyard that leads out to a mini orchard of fruit trees, berries and nuts and extensive gardens connected to a computerised irrigation system. Mains water connected.

The fully furnished two-bedroom guest cottage is ideal for elderly parents, teens or your regular guests.

Covered in water lilies, the lake is filled with golden perch, while a nearby windmill fills watering troughs for cattle. There is a large machinery shed with an office and toilet facilites, a hay shed, grain silo and cattle yards.

With the property currently used for breeding cattle it has primary production status, attracting lower concil rates and no land tax. A small section of the property is leased to a mobile phone company for $22,500 a year.