Next-door neighbour snaps up peninsula sanctuary
2024 off to a fine start for Barry Plant Dromana
A multi-million dollar sale of a breathtaking Main Ridge home has set off the Mornington Peninsula market to a strong start.
The stunning property sold within two months, after being previously listed and unsold for 17 months with another agency, according to Barry Plant Dromana director Terry Burgoyne.
“This was a unique home that appealed to a specific buyer,” he said.
The property caught the eye of Melbournians, particularly from the north-eastern suburbs, including Warrandyte, Wonga Park and Park Orchards.
“They were keen on large treed blocks in hilly areas,” Mr Burgoyne said.
“And this property offered just that, plus stunning water views and the potential for inter-generational living or a holiday accommodation business.”
However, neighbours who lived just next door to the bush sanctuary snapped it up after one inspection.
“They offered to pay the top end of the price range,” Mr Burgoyne said.
“It was an irresistible opportunity for them to own a substantial neighbouring property at this price point.”
Main Ridge is dominated by tightly held acreage homes that are valued between $3-$5 million, according to Mr Burgoyne.
The delightful lifestyle property is in a tranquil setting with captivating views across the peninsula towards Western Port and Port Phillip Bay.
With paddocks, a dam and sheds, it is ideal for a hobby farmer, larger families or the enterprising buyer to run a holiday accommodation business.
Another property that achieved an outstanding result in January was 24 Atunga Terrace, Dromana, which sold for $1.48 million.
Priced at $1.35-$1.48 million, the four-bedroom, four-bathroom house sold prior to auction to a family from Preston, who had been searching for their dream home for seven years.
It was love at first sight for the buyers who were thrilled with the views, and the size, quality and presentation of the home, according to Mr Burgoyne.
“They attended the open house on the Sunday and came back that night for the views,” he said.
“Then, they sat down at the kitchen table and made the offer.”
The sellers, who renovated the house, were moving on to their next project, a property only about 300m from their home, Mr Burgoyne said.
Barry Plant Dromana has achieved outstanding results in the past 12 months, including the standout sale of the four-bedroom, four-bathroom modern showpiece at 42 Elizabeth Drive, Rosebud.
A family from Mt Martha splashed a record-breaking $2.65 million for the brand new property, known as The Butterfly House.
“This was the highest price paid for a property in Rosebud in the past 12 months,” Mr Burgoyne said.
“And one of the top 10 highest-priced homes on the Mornington Peninsula.”
The property was listed with another agency for 14 months, and the team at Barry Plant Dromana sold it in two months, according to Mr Burgoyne.
“It overlooks both the Bass Strait and Port Phillip Bay, which is a rarity in the area,” Mr Burgoyne said.
“And it’s one of the most beautiful homes you’d ever come across.