MorningtonParticipant@morningtonJoin Date: 2018Post Count: 50
Clifftop stunner sets benchmark on peninsula (DECEMBER 12, 2018)
‘A breathtaking clifftop property in Mt Eliza has changed hands for a “benchmark” price after multiple offers were placed from a private database of well-heeled clients.
A breathtaking clifftop property in Mt Eliza has changed hands for a “benchmark” $6.75 million after multiple offers were placed from a private database of well-heeled clients.
The elegant four-bedroom home on expansive grounds at 10 Marathon Drive took only seven days to sell privately for the suburb’s highest residential sum that CoreLogic records show.
But secretive off market deals between the financial elite done behind closed doors mean it’s a “benchmark” price for the Mornington Peninsula suburb, rather than a record.
The next highest figure records show is $6.6 million for 10 Watts Pde in September.
Aqua director Michelle Skoglund said she had a “large portfolio of buyers” she notified when “a clifftop property or a property of uniqueness” came up along the coastal stretch.
“I have an extensive group of buyers that are from $5-$10 million,” she said.
They were predominantly interested in Mt Eliza’s top end real estate “due to the proximity to the CBD and the options with commuting back to the city”.
Gorgeous uninterrupted views of the bay can be enjoyed from an array of perches around the 6000sq m estate, which sold last month.
Heavy use of stone and timber defines the immaculate residence, which features a conservatory, third floor bedroom, sunroom, and formal and casual living and dining zones.
Mature gardens add to the privacy, which the home’s only owners have enjoyed since 1991, when they bought the site for $15,000, CoreLogic records show.
“I’ve had five (clifftop properties listed) this year and they’ve all gone within a week or two of going to market,” Ms Skoglund said.’
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