Mount Eliza

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A custom built beachside home in Mount Eliza, Victoria has hit the market with $3.85 million hopes. 
The five bedroom, two bathroom house is sitting on an 816sqm block <a href="https://www.realestate.com.au/property-house-vic-mount+eliza-133338210" target="_blank">3 Rendlesham Avenue</a>. 
Sitting on an 816sqm block, the  home comes with gourmet kitchen, two living zones, entertaining terrace and gas-heated pool. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/4/14/mount%20eliza%202.jpg" alt="">
Other features include open fireplace, treetop views over busload reserve, handmade stone feature walls, and remote double garage.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/4/14/mount%20eliza%203.jpg" alt="">
Located within the Ranelagh Estate, the house is just a short stroll to the Ranelagh Club, the beach and the village. 
Nicholas Lynch of Nicholas Lynch Real Estate has the listing. 
 
 
 
 
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Mount Eliza trophy home with views of bushland reserve hits the market 

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A double storey family home, set in private grounds of 2,386 square metres in Mount Eliza, has been sold for $3.42 million. 
The five bedroom, four bathroom house is situated at <a href="https://www.realestate.com.au/sold/property-house-vic-mount+eliza-131836106" target="_blank">5 Lois Place</a>. 
The home comprises formal lounge &amp; dining reception rooms, gourmet kitchen, family zone with built-in bar and library/home office. 
Other highlights include custom wine wall storage, balcony with bay views, infinity edge pool and guest house with sauna.
The home is situated in the heart of the Golden Mile, only moments to Toorak College, the beach and Mount Eliza Village. 
Michelle Skoglund of Aqua Real Estate Mount Eliza sold the property. 
The house was last sold in 2011 for $1.9 million. 
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Mount Eliza trophy home sold for $3.42 million

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Denistoun, a cliff-top home in Mount Eliza, Victoria has hit the market via expressions of interest with a price guide between $7 million to $7.7 million.
Designed by Bird de la Coeur architects, the home at <a href="https://www.realestate.com.au/property-house-vic-mount+eliza-132119618" target="_blank">5 Denistoun Avenue</a> features views across Port Phillip Bay to Frankston Pier, the city skyline and Dandenong Ranges.
With direct access to the beach, the contemporary home comprises seven bedrooms, six bathrooms, living area, stone kitchen and triple carport. 
There are three separate wings for multi-generational living. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/9/mount%20eliza%202.jpg" alt="">
Custom landscaped by Rush Wright Associates Landscape architects, the 2700 square metre parcel features Cypress trees, infinity-edge swimming pool and alfresco areas.
Other highlights of Denistoun include open fireplace, split-system air-conditioning, wall-to-wall glass, high ceiling and secure automatic gates.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/9/mount%20eliza%203.jpg" alt="">
It's within walking distance to Toorak College and close to Mt Eliza village. 
Quentin McEwing of McEwing &amp; Partners Mornington has the listing. 
The expressions of interest campaign for the property closes November 7. 
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Mount Eliza cliff-top trophy home hits the market

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There are certainly opportunities in the current 2019 market to pay less than the last price.
But is there really such a thing as buying a bargain when it comes to property? And where are they?
This series of articles looks are specific examples of sale price or asking price falling. 
We take a look at where and if possible why this is happening.  
We came across this property for consideration.
A resort-style Mount Eliza residence on 2,701 sqm, with views of Port Phillip Bay and the city, is on the market with an amended price guide of $3.4 million to $3.7 million.
It was initially listed at $4 million to $4.4 million earlier this year having had $5 million to $5.5 million hopes last September.
Nicholas Lynch of Nicholas Lynch Real Estate has the listing. 
The three-level home at <a href="https://www.realestate.com.au/property-house-vic-mount+eliza-131138146" target="_blank">1 Brookwood Drive</a> comes with six bedrooms generous living spaces flowing onto two large entertaining terraces, family room, rumpus room, sitting room and gymnasium as well as home office with views. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/9/mount%20eliza%202.jpg" alt="">
Other highlights include wine cellar, CCTV security, ducted vacuum, ducted heating/air conditioning, triple garage, double carport and drive through portico.
It has private access to Daveys Bay Beach and is moments from schools, cafes and shops.
Recent Mount Eliza sales include: 
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18 Watts Parade Mount Eliza VIC 3930 - $4,350,000 - Apr-19 5 Cypress Point Drive Mount Eliza VIC 3930 - $3,575,000 - Mar-19 31 Daveys Bay Road Mount Eliza VIC 3930 - $4,300,000 - Mar-19
It is up to you to determine if the offering is a truly beneficial bargain.
Remember buying at the bottom of the cycle is fraught – as you can't really precisely pick the bottom nor know just how long until you see some price growth.
Be aware you could be buying a poor quality property in an area with ongoing issues of oversupply of stock.
The oversupply could be also putting downward pressure on rents.
Other price declines could be because the vendor needs a quick sale or paid way over the top on its last purchase chase.
Property Observer suggests property purchasing really does need to be a very well considered proposition with a long term mindset.
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Bargain property at Mount Eliza? Home at $2 million discount

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Waveney, an architectural multi-level family home sitting on 3,100 square metres in Mount Eliza, is now on the market with a price guide of $3.9 million to $4.1 million.
It has been offered by Michelle Skoglund from Aqua Real Estate Mount Eliza. 
Situated at 3 Waveney Road, the ground floor of Waveney comes with large home office, entertaining zone with wet-bar and indoor spa, alfresco terrace, gymnasium, two double bedrooms, and another sizeable living zone.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/28/mount%20eliza%202.jpg" alt="">
Upstairs comprises of open plan gourmet kitchen/meals area, formal lounge and dining area, balcony with views over the gardens and city skyline, and four other double bedrooms. 
Other features of Waveney include inverter heating/cooling, double auto garage, tennis court with lights, solar heated pool and ducted vacuum.
It's located near to Toorak College, Daveys Bay Yacht Club and beach, and within a short stroll to Mount Eliza village.
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Architectural family home Waveney in Mount Eliza listed for $4 million

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A Mount Eliza country style four bedroom house set on 9640 sqm has been listed for sale.
It is offered by Geoff Smith and Milton Brown from LJ Hooker.  
<a href="https://www.realestateview.com.au/real-estate/84-88-allison-road-mount-eliza-vic/property-details-buy-residential-11588107/" target="_blank">Located at 84-88 Allison Rd</a>, the house comes with four bedrooms with garden views, lounge room with open fireplace, games room, study and gym with a sauna.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/13/mount%20eliza%202.jpg" alt="">
Outside features include a gas heated swimming pool, tennis court, a horse paddock with stable, double steel carport and a large underground rain water tank.
The suburb's median house price sits on<a href="https://www.propertyobserver.com.au/Outside%20you%20can%20follow%20the%20circular%20driveway%20to%20find%20a%20beautiful%20pergola%20wrapped%20around%20the%20home,%20gas%20heated%20swimming%20pool,%20tennis%20court,%20a%20horse%20paddock%20with%20stable,%20double%20steel%20carport%20and%20a%20large%20underground%20rain%20water%20tank." target="_blank"> $1.13 million</a>, according to CoreLogic. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/13/mount%20eliza%203.jpg" alt="">
 
 
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Allison Road, Mount Eliza trophy home estate on 9640 sqm parcel

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A Mount Eliza estate agency and its director and officer in effective control have each been penalised $8,500 for contravening Victorian estate agent laws.
The Frankston Magistrates’ Court found that between June 2015 and March 2016, Helen Sly, 64, of Mount Eliza, knowingly authorised or permitted Bay Life Properties to:
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<li>cause a deficiency in its trust accounts, ranging from $500 to $58,000, by not having sufficient funds in the trust account at all times</li>
<li>on five occasions, fraudulently convert trust money to its business cheque account before it was entitled to the funds. </li>
<li>fail to keep full and accurate accounting records showing particulars of each transaction, and</li>
<li>fail to correctly balance accounts at the end of the month.</li>
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The five transfers totalled $14,500.
The Consumer Affairs Victoria department became aware of the offences after undertaking an inspection of the business following the receipt of a qualified trust account audit report.
It related to deposits for Mt Eliza and Mt Martha house sales between June 2015 and March 2016.
On each occasion she repaid the money back into the account a few days later.
Defence lawyer Bradley Newton said Sly was under financial pressures from her business and was deeply ashamed of her behaviour.
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Mt Eliza estate agent fined over contravening Victorian estate agent laws

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The last parcel of Sir Reginald Ansett's former Mt Eliza estate has been listed with expectations around $40 million by Equity Trustees, which manages the R.M. Ansett Trust.
<a href="https://www.realcommercial.com.au/property-land+development-vic-mount+eliza-502611214" target="_blank">The 22 hectare parcel</a> has limited direct access to Moondah beach.
The area is covered by a green wedge zoning that limits future development on the site between Kunyung Road and Albatross Avenue.
The land has been used for grazing.
The expression-of-interest sale will be handled by professional services firm EY
The R.M. Ansett Trust sale will free up funds to donate to charities that run child-focused programs and scholarships.
Sir Reginald founded Ansett Airlines.
The offering is adjacent the 8.9-hectare former home of University of Melbourne's Melbourne Business School which sold last year to New Zealand's Ryman Healthcare for around $40 million for an aged care facility.
The trust's 22.3-hectare block sits between Moondah and Sir Reginald's original residence, the 11 hectare estate Gunyong Valley, which the trust sold in 2006 for $14.5 million.
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Last lot of Sir Reg Ansett's Mt Eliza estate listed

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The historic Morning Star Estate in Mount Eliza on Victoria's Mornington Peninsula has been listed with $30 million plus hopes.
The 63-hectare property with vineyards, orchards and olive groves that overlook Port Phillip Bay last traded more than two decades ago.
It has been listed by Judy Barrett who turned it into a boutique 20-room hotel with conference facilities and a restaurant, run by her family.
The property featured in the Kath and Kim movie, Kath &amp; Kimderella. The property has 12 hectares of pinot, chardonnay and cabernet grapes
A standout feature are the 75,000 rose bushes – one of the largest collections in Victoria.
It was once Nick Columb's horse stud until sold in 1993 for around $2.25 million.
Stretching from Nepean Highway to the sands of Sunnyside Beach, the property that features an 1860s mansion is being marketed by CBRE with a development permit for a 72-room hotel.
Last September, New Zealand's Ryman Healthcare, a retirement village operator, bought the nearby Mount Eliza Estate from the University of Melbourne for $37.5 million.
 
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One of Victoria's largest rose gardens listed for sale at Mt Eliza's Kimderella

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A postcard perfect beach box at Mount Eliza is for sale.
Located at <a href="https://www.realestate.com.au/property-other-vic-mount+eliza-121659562" target="_blank">34 Ranelagh Beach</a> the property is a clean and peaceful, picturesque cove.
With 35 sqm of floor space there are ample bench space, storage and room to sit.
There is ample unrestricted public car parking 80 meters away with public toilets, taps and shower blocks at the rear 100 meters away.
It also comes fully furnished, decorated and renovated. Everything sold as presented.
The iconic Ranelagh Club and boat storage is available and the Mt Eliza Village is only 5 minutes away and the city 1 hour.
The property is offered by McEwing Partners agent Adam Hanley.
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