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Sanctuary Lakes: Luxury listings snapped up in coastal estate

Real estate & property news
10 May 2024
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Two buyers have splashed seven-figure sums on lifestyle properties in a premier estate in Melbourne’s southwest.

The listings at 13 Sunflower Walk, pictured below and above,

SOLD PROPERTY - 13 SUNFLOWER WALK SANCTUARY LAKES VIC 3030

and 11 Tournament Drive, pictured below, were snapped up in Sanctuary Lakes, where less than a dozen homes priced at $1.5-$2 million are sold in a year.

SOLD PROPERTY -  11 TOURNAMENT DRIVE, SANCTUARY LAKES

They offered buyers an opportunity to enter the lifestyle precinct in Point Cook that has 24/7 security, a pool, gym, sauna, spa and tennis courts.

Offering “a bit of everything from wetlands to vistas of the CBD skyline and water”, the five-bedroom Sunflower Walk property fetched $1.68 million in a private deal. This was the second highest sale price in the estate this year.

“It appealed to many buyers because of its unique position with views and also offered a downstairs main bedroom suite,” Barry Plant Point Cook agent Alexander Deeb said.

“Homes priced in the $1.5-$2 million range here are seldom listed and there are only 10 such sales a year.”

Several buyers were interested in the house that offers more than 50 squares of living, dining and entertaining space on a 627sq m block.

The estate also has a golf course and driving range, man-made lakes, a shopping centre and access to schools, wetlands and parklands.

Meanwhile, the six-bedroom house on 945sq m at 11 Tournament Drive fetched a similar price in an off-market deal. The property previously sold in 2002 for $215,000.

“Luxury homes in Sanctuary Lakes are sought after because the estate offers prestige and quality homes that are tightly held,” Mr Deeb said.

On May 4, Mr Deeb also auctioned 15 Times Square in the same suburb.

SOLD PROPERTY - 15 TIMES SQUARE, SANCTUARY LAKES (1)

He said the agency had been listing strongly in neighbouring Point Cook, which was a popular suburb with a high turnover and a hot spot for first-home buyers.

“The market volume in Point Cook has increased as buyers have confidence and know that their purchases will grow in value,” Mr Deeb said.

“The market here is balanced with good buyer demand and a rise in listings.”

Real estate & property news
10 May 2024
Save Article

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