Located less than one hour from Melbourne’s CBD, the spectacular Mornington Peninsula property at 29-31 Kalimna Drive offers unrivalled views of Mornington foreshore and harbour from most rooms of the house.
The prestige six-bedroom cliffside property has only changed hands four times over the past 105 years, with the classically styled 1931 mansion built to the high-specification of an award-winning architect.
Including a full-size tennis court, infinity poo, sun terrace and grand-scale rooms, the property combines modern luxury with classical period charm.
If the property achieves its asking price, it will more than double the suburb’s $8.05m sale record set by neighbouring property 61 Kalimna Drive in 2011
Danckert Real Estate Mount Martha agent Alex Corradi said the home offers the opportunity to secure a scarce property with frontage onto Port Phillip Bay, with Braeside offering a completely unique lifestyle investment.
The property offers direct access to Mills Beach.
Mornington Peninsula property is driving a mini-boom in commercial real estate, with many relocating their businesses or choosing to open a new venture.
As a result, industrial units and retail premises are now in short supply, with prices rising and the number of days on market contracting dramatically.
Jacobs & Lowe Real Estate said it leased eight properties in Mornington and Mount Martha in just one week – with rents of up to $9300 per month.
Another commercial property up for sale is Mornington’s sole cinema located in a prime position on the peninsula’s premier shopping strip, at 1 Main Street.
With a price guide of $3 million for the April auction, the 568-square-metre building has been with the same owner for 39 years but closed after the start of the pandemic.