Three-year wait over as Mentone mansion breaks suburb record
A landmark mega mansion has been crowned Mentone’s most expensive home, three years after first trying to claim the title.
The hilltop house at 46 Beach Rd sold for an undisclosed price above its $5.65-$6.2 million price guide, Hocking Stuart Mentone agent Stephen Tickell said.
That means it has smashed the suburb record previously held by the $4 million sale at 25 Milan St by more than $2 million.
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“The property has been bought by a local family who are looking forward to enjoying all the house has to offer,” Mr Tickell said.
It was a drawn-out sale for the vendors, who have been trying to sell the property since 2016. They listed the house for 474 days before taking it off the market. It only took 32 days to secure a record-breaking sale during the second attempt.
Mr Tickell said there were five expressions of interest during the campaign, which was impressive in a difficult market.
“Last time there was a slightly higher price on it and the vendors were more motivated to sell this time on the market,” he said.
“We put a lot of effort into the marketing and sourced buyers locally, throughout Melbourne and also internationally.”
The buyers have purchased the block as a whole, including the full-sized tennis court which could have been carved off and sold separately.
The incredible four-bedroom Lowe Design & Build construction features a rooftop terrace, sparkling pool, home theatre and impressive kitchen. Along with the floodlit grass tennis court, there were several other outdoor balconies, gardens and terraces.
Sitting at an elevated point of Beach Rd, the property had incredible bay views and was well-known by residents in the area.
The vendors built the property after inheriting an older house on the 2307sq m block more than 10 years ago. After a lengthy campaign, they are now moving to Sydney.
SUBURB PROFILE: Mentone
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