Named after Sir Thomas Dyke Acland, 10th Baronet (29 March 1787 – 22 July 1871) of Killerton Manor in Devon who was a British politician and land owner. He was the owner of the cruiser yacht Lady of St KIlda from 1834 to1840, after which the area was named during one of the ship's visits to Melbourne in 1842. The yacht was named after his wife Lydia Hoare who was the first English lady to set foot on Atlantic St Kilda in 1812.
Site was subdivided from Crown Allotment 5, purchased by Sir James Frederick Palmer (1803-1871)
It is believed that the original 1840s house is still hiding underneath the existing 1920s exterior.
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The first church service in St Kilda was held at this site in 1849, when it was the “Ibrickane” mansion.
This mansion was built for Annie Dudgeon, a young widow of a convict. She later married Agar Wynne, who was for a time Victoria's Attorney General.
At the first St Kilda Crown Land sale on 7th December 1842 allotment 13 consisting of 3 acres was sold to the squatter George Sherbrooke Airey (1810-1880).
An Indian bungalow with large verandah and extensive bay views, Rajpootana was built by William Walker, an Anglo-Indian journalist.
Owners of this mansion, built in approximately 1877, included Nairne Guthrie Elder and Michael C Jacobs.