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Lysterfield trophy home has it all

Real estate & property news
31 May 2023
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One of Lysterfield’s best homes has come up for grabs, and buyers will have to dig deep to secure this rare opportunity.

This lavish 29 Logan Court property is set to fetch the coveted suburb’s second-highest selling price if buyers meet the seller’s price hopes.

In images 1/529 Logan Court, Lysterfield

The suburb price record is $8 million for 4 Bergner Court (pictured below) that sold in three weeks of hitting the market in 2022. It attracted three interested parties and was sold through Barry Plant Rowville to a local buyer.

With a $5.8-$6.3 million price guide, the stunning five-bedroom entertainer on an elevated acreage block at Logan Court has already received keen buyer interest.

“This property represents the pinnacle of luxury living in a beautiful spot,” Barry Plant Rowville director Anthony Johnson said.

“It is an amazing lifestyle home with unmatched views of the city skyline and mountain vistas, and it offers 79 squares of living area with gorgeous garden outlooks.”

The home in the exclusive Carrington estate has an impressive design and features luxury details for family living and resort-style entertaining.

The interior is spacious and light-filled with grand living and dining zones, deluxe accommodation and a state-of-the-art kitchen.

There are media and games rooms, a gym, bar and a wine cellar, a conservatory and a four-car garage.

In images 1/329 Logan Court, Lysterfield

The home is also set up for luxury outdoor living with a fireside alfresco dining area, full kitchen, heated pool and spa, and floodlit tennis court.

The 11,730sq m property has a permit to subdivide and build another house on 5000sq m with its own frontage and views.

Mr Johnson noted that homes at the top end of Lysterfield “were selling quickly as there were not many opportunities”.

“But as there are buyers willing to pay such money for prestige homes, sellers have been getting multiple offers,” he said.

“Demand is outstripping supply in Lysterfield, Rowville and Ferntree Gully, and we are getting 3.5 offers for every home sold.”

With migration to increase and interest rates expected to go down, Mr Johnson said there was more confidence in the market.

Sale records showed 60-70 per cent of the agency’s buyers were local or from nearby suburbs.

A Rowville buyer won the keys to 4 Grenfell Place, Lysterfield, splashing $1,691,050 for the property. There were five other buyers for the home.

Three buyers pushed the sale of 25 Pendleton Place, Lysterfield, more than $75,000 over the top of the seller’s hopes.

And 289 Windermere Drive, Ferntree Gully, attracted five offers and 40 groups at inspections in a week, and fetched $910,000 or $30,000 above expectations.

Real estate & property news
31 May 2023
Save Article

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