A Middle Park masterpiece is lining up to become the suburb’s most expensive home.
Lisieux, at 244 Beaconsfield Parade in Middle Park, has been listed with a $8.8-$9.68m price guide.
CoreLogic records show the Spanish Mission property will be crowned the suburb’s most expensive piece of real estate if it sells for more than $9m.
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244 Beaconsfield Parade, Middle Park is for sale.
The huge waterfront block is a rare opportunity.
The historic property was converted into three apartments in the 1930s and has remained divided that way while being held by the vendors for the past 40 years.
Kay & Burton Port Phillip agent Eleisha Doherty said the five-bedroom home had been a much-loved family heirloom since it was bought for about $260,000 in 1980.
“Three generations of the family still live there, including the mum who originally bought it, her son, his wife and their children,” Ms Doherty said.
“Everyone’s got their own space.”
Traditional features inside the first-floor apartment.
Views don’t get much better than this.
Two apartments are on the ground floor of the waterfront home, while another residence boasts incredible bay views from the first floor.
Ms Doherty said a buyer could turn the home into one magnificent residence.
“The next homeowner is likely to restore the house into one big home and potentially do a large-scale renovation, adding a pool out the back or a self-contained residence on top of the garage at the rear,” she said.
There’s plenty of room for an extension, or a pool.
A complete transformation could increase the property’s value to the “vicinity of $15m”, she said.
“This is an opportunity for a dream home and there’s not a lot that transacts on Beaconsfield Parade every year, especially in the Middle Park section, “ Ms Doherty said.
“It’s a premium piece of land … we’ve only just started the campaign and we’re already overwhelmed with the level of interest received so far.”
The 600sq m block is for private sale.
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