Silverleaves mansion could top Phillip Island house price record by $1 million

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14B Settlement Rd, Silverleaves could smash the Phillip Island house price record.

A peerless Phillip Island palace listed for sale for close to $4 million could top the island’s house price record by more than $1 million.

And most of the locals and holiday makers who frequent the popular coastal hamlet have no idea it even exists.

Named Villa Aloha, the massive property at 14B Settlement Rd, Silverleaves took two years to build and features a lap pool set up for water polo, a sunken fire pit, hundreds of square metres of imported Italian slate for its floors, and American-style barn.

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And it could be a sign of things to come, as a growing number of holiday-makers turn their backs on the increasingly suburban Mornington Peninsula, according to OBrien Judith Wright sales agent Mike Foenander.

While most people have never seen it, once you do it’s hard to forget.

The pool is set up for a match of water polo if the mood takes you.

There’s even a space to feel the sand between your toes — with a fire pit for warmth.

“There’s been a lot of people selling their house on the Mornington Peninsula and opting to come here as there are some very good deals,” Mr Foenander said.

The house alone is bigger than most Melbourne blocks of land, with 650sq m of interior space.

There’s another 370sq m to enjoy in the fully-paved outdoor entertainment area — including an outdoor kitchen with a fridge, wood-fired pizza oven and a U-shaped central island bench with a built in grill and sink.

There’s entertaining in style, and then there’s this.

The pool area was designed with relaxation in mind.

Plus another 185sq m of space inside the American-style barn.

“It’s an absolutely spectacular property,” Mr Foenander said.

“The sunken fire pit we haven’t seen that here, or a pool that’s set up for water polo.

“I hope we can set the house price record, we’ve had so many calls about it. There’s nothing like it on the island.”

Clerestory windows and expansive glass doors ensure the living room is always bright.

In cooler weather the dining room and kitchen will easily accommodate a lavish party.

Each of its four bedrooms opens to the pool area via floor-to-ceiling glass sliding doors, there is electronic cabinetry throughout the home that opens at the touch of a finger and 58 solar panels on the roof that make it 95 per cent self sufficient.

“And you can control the house from your phone from virtually anywhere in the world — from the gates to the airconditioning,” Mr Foenander said.

The $3.975 million price guide attached to the home dwarfs the current house price record on the island, set at $2.7 million by a Mediterranean-inspired mansion at 12 Toscana Rise, Cowes in 2017.

A more than 30ha farm at 746 Ventnor Rd, Ventnor also sold for $4.25 million in 2008.

Stone surfaces and striking design provide wow factor even when you’re preparing a meal.

There’s even room for a pool table next to the bar.

“And you wouldn’t even know it was there,” Mr Foenander said.

“It’s on a battle axe block … and it’s got a 70m driveway with ornamental pear trees right up it.

“I believe a solicitor or a doctor or someone with a very high income might have this as a very secret little holiday spot.

“I don’t think you will ever see this again.”

Every bedroom opens to the outdoor entertainment space via glass sliding doors.

Every bedroom.

But that doesn’t mean there won’t be another home like it.

“The owners were going to stay here forever, until they bought a 90 acre (36.4ha) farm with spectacular views — and they are going to replicate this there,” Mr Foenander said.

Located 500m from Silverleaves beach, the 4066sq m property is also walking distance to the island’s main shopping and dining strip in Cowes.

Even from above, it’s hard to spot the monumental home.

Mr Foenander said 70 per cent of the interest so far had come from Melbourne, but a handful of Phillip Island’s wealthiest were also intrigued.

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He estimated the property would be sold within the month, despite the jaw-dropping price.

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