Whether you have a propensity toward the historic or an enthusiasm for the present, this majestic colonial in Magnolia is pretty much guaranteed to blow you away. Long ago referred to as “The House of Color” because of its diverse interior pallet, this home has quite the interesting past. Built as a farm house in the 1740s for the grandfather of hospital founder Addison Gilbert, the residence later became known as the “Magnolia House,” a popular tavern stop for the Salem/Gloucester stagecoach. Today, it is a meticulously renewed home showcasing the perfect mix of modern day amenities and classic antique charm.

“This is a wonderful opportunity to own a piece of Cape Ann history,” says listing agent Elise Dudley of Coldwell Banker Residential Brokerage. “Although it has been tastefully updated, its antique charm has been kept intact thanks to the preservation of its original wide pine floors, exposed beams and wainscoting.”

Blending seamlessly with its more traditional living and dining rooms, the renovated kitchen is a show stopper. Wide-open to accommodate a generous sunroom with walls of tall windows, its features include a Carlisle wood floor reclaimed from a 200-year-old barn, stainless-steel appliances, a breakfast bar for five, and easy access to a seasonal deck. A totally remodeled bath with radiant heated floors, a glass shower, and an adjacent changing room offers an invaluable convenience to guests coming to and from the heated backyard pool and hot tub. Rounding off this main level is a handsome library with custom bookcases and closets.

A recently finished family room with raised wide-board wainscoting and built-in cabinetry shares the second floor with four bedrooms, a spacious laundry room, and a full bath. A large walk-up attic affords the potential for added living space should you need it.

Surrounded by stunning perennial plantings, raised garden beds, and mature trees, this property also boasts a separate guest cottage, refurbished with a full kitchen, a dining and living area, a full bath, and a loft with a bedroom.

Located halfway between downtown Manchester and Gloucester, this ideal location is within minutes to the MBTA commuter rail, Route 128 and all of Cape Ann’s beautiful beaches and parks as well as nature trails, sports fields, museums, and a plethora of seasonal festivities.

“This home has a very well-blended design that makes it the perfect spot for entertaining family and friends,” says Dudley. “In the warmer months, the outdoor spaces are equally inviting. This is a very special property.”

This lovely offering lists for $1,199,000. An open house is planned for Sunday, from 1 to 3 p.m., at 729 Western Ave. For more information, or to schedule a private viewing, call Elise Dudley at 508-932-5530.

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