A Mornington Peninsula lifestyle pad with an orchard and golf green achieved Victoria’s biggest auction result of last week. But 2022’s auction market is just getting started.
A luxury Flinders estate that soared to a $9.85m sale was Victoria’s biggest auction result of the week, as the market now gears up for its first hot streak of Super Saturdays this year.
The sprawling 10.52ha property at 18 Meakins Rd features four bedrooms spread across two residences, a tennis court, infinity pool and a golf green.
RT Edgar Flinders agent James Redfern said four bidders contested the impressive pad.
“It was a highly sought-after property and the auction was fairly fast moving,” Mr Redfern said.
“There was a mix of local and Melbourne buyers vying for it. The home was a very special opportunity for someone who wanted to have some space, but not too much, with some fantastic infrastructure.”
It also boasts an established citrus orchard of 800 lime trees and 600 lemon trees.
Mr Redfern said the property was called on the market around “the mid $8m” mark.
It was listed with a $7.8m-$8.5m price guide.
The agent said Flinders had become the favoured Mornington Peninsula destination for cashed-up buyers, with some even leaving Portsea for the “peace and quiet” of the area.
It comes as former Swisse vitamins chief executive Radek Sali listed his family farm and vineyard in the same suburb, with record-high price hopes of $28m-$30m.
Belle Property Rosebud’s Adam Alexander said people were still “desperate to get property” along the coast.
“Every summer for us is booming and this year is an extraordinary one because there are two or three times the amount of buyers, and it’s driving prices up,” Mr Alexander said.
He sold 237 Dromana Pde, Safety Beach, for $197,000 above reserve on the weekend.
Four bidders battled it out for a marathon of 44 minutes before the hammer fell at $1.837m. A Melbourne buyer scored the keys.
“The eventual purchaser only bid about five times towards the end,” Mr Alexander added.
In Melbourne, a Croydon South home notched $1.37m at auction — surpassing its $1.2m reserve.
Philip Webb chief executive Anthony Webb said five bidders competed for the four-bedroom abode at 43 Homer Ave in front of a crowd of 70 people.
“The glorious weather really drew out the crowds this weekend as Melbourne’s auction market kicked back into gear,” Mr Webb said.
“Turn-key family homes in desirable locations remain a consistent market leader in terms of performance and this property was a clear example of that.”
Realestate.com.au recorded a clearance rate of 80 per cent from 379 auction results, with 620 homes going under the hammer.
About 1111 auctions are scheduled for this week – marking the state’s first Super Saturday of the new year – and another 1433 the week after.
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Originally published as Melbourne auction results: Flinders lifestyle estate with golf green scores $9.85m at auction