Wantirna South prestige home: tri-level family entertainer nabs buyer after long wait
A showpiece Wantirna South house that languished unsold for 10 months has found new owners.
The tri-level 42 Old Orchard Drive home with resort-style pool and 1500-bottle wine cellar sold within the vendor’s price hopes of $1.8-$1.9 million.
It had been passed in at auction last October and relisted for private sale with a $1.95 million price guide, which was later adjusted.
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The lavish five-bedroom house sold after 302 days, CoreLogic data shows, and had plenty of interested buyers but none able to meet the vendor’s price expectations at the auction.
Several buyers later emerged for the property and it has taken time to negotiate a sale price, Harcourts Judd White agent Nuria Jewell said.
“We finally found a buyer from Glen Waverley who has had to sell first and who was looking to upsize,” Ms Jewell said.
“In the end it was a good result in the current market.”
The vendors paid $1.87 million for the 647sq m property in October 2015, according to CoreLogic data.
The home comes with designer finishes and luxury appointments plus an impressive facade with a large palm tree a highlight.
The property has a pool with an outdoor kitchen, outdoor shower and powder room. The terrace has views to the Dandenongs.
The home also has a stunning kitchen with butler’s pantry, wine cellar and a five-car garage.
The suburb price record of $2.908 million is held by a six-bedroom house at 8 Miriam Close on 1375sq m of land.
The suburb median price was $922,000 in the 12 months to April, a decline of 9.4 per cent over the period, CoreLogic data shows.
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