Message from James Merchan
It's rare to come across an opportunity that offers both a beautifully appointed home and an approved subdivision on a prime 2,004m² (approx.) allotment - all within the highly sought-after Quinns Estate of Mount Eliza.
For the astute buyer, there are multiple options on the table: retain the full property and enjoy an expansive lifestyle block; or act on the approved subdivision to sell or build on the 868m² rear allotment, while keeping the existing home on a generous 1,136m².
From a feasibility standpoint: The land component alone is estimated at $750,000 – $795,000 whilst the existing residence would hold a standalone value of $1,800,000 – $1,950,000
This represents outstanding value in one of Mount Eliza's most tightly held pockets, with motivated vendors ready to redirect their capital into other ventures. A rare and rewarding opportunity not to be missed.
----------------------------
Discover this exceptional lifestyle property, delivering not only a luxuriously modern and spacious family residence but also offering a golden opportunity for investors and developers. Tucked away in a quiet Mount Eliza area, close to prestigious schools and stunning local beaches, this impressive 5-bedroom home offers both a fabulous setting and a futureproof investment with endless opportunities, with approved subdivision adding even greater appeal.
Set on an expansive block, the home exudes a private resort-like atmosphere with landscaped gardens framing the front of the property. Designed for laid-back entertaining and relaxed family living, the flexible floorplan boasts a magnificent combination of living zones, both inside and out. The modern gourmet kitchen includes premium appliances, while the adjacent living features a seamless flow opening onto the alfresco deck. The 2nd living boasts a wood fireplace offering a cosy retreat, while the inclusion of 2 study spaces presents fabulous options for working from home, with one including its own private entrance.
Offering an impressive selection of five bedrooms, each are spacious in size and inclusions, while the zoned layout ensures comfort and privacy. The main bedroom suite features a walk-in wardrobe and ensuite plus access to the deck, with the guest bedroom/2nd main bedroom also boasting an ensuite and walk-in robe.
However, it is outdoor zones where this property truly elevates it to the extraordinary. The sprawling grounds have been transformed to create a private paradise resort, complete with a solar heated pool, half court basketball court, golf putting holes & driving net and huge covered alfresco deck with a fully equipped outdoor kitchen. It's the perfect backdrop for endless year-round entertainment. The rear backyard includes a large shed for additional storage, while the extra unused land has had subdivision plans approved, all you need to do is connect all of the services to continue the process.
Perfectly positioned just minutes from Mount Eliza Village shops and all that the wonderful Mornington Peninsula offers; this is a rare and remarkable opportunity to secure a property with incredible scope for the future. Whether you are seeking for the ultimate family sanctuary to call home, a high-end holiday rental, or a promising investment with the added benefit of future development potential, this one-of-a-kind property delivers on every level.
View more
View more
