746 Ventnor Road, Ventnor, Trenavin Park, Phillip Island DREAM HOME
Phillip Island has recorded its first residential property sale of more than $8m, setting a historic benchmark for the region.
Trenavin Park, at 746 Ventnor Road, sold for an undisclosed price “in excess of $8m”, according to Prestige Homes of Victoria principal Sean Cussell.
“It set a record price for the island after sold the night before (stage three) lockdown,” Mr Cussell said.
“The sale was brought to a head very quickly and it sold to a local Phillip Island resident.”
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The incredible property has its own surf break.
The main Arts and Crafts manor.
The estate sold a month ahead of its expressions of interest campaign closing date, with settlement expected to be completed this week, he added.
It’s understood the property was snapped up by biopharmaceutical company Immuron’s executive chairman Peter Anastasiou, who previously sat on the Melbourne Victory board.
Mr Cussell would not comment on the identity of the buyer, but said they planned to use the 33.76ha property as a family home.
The property sold for more than $8m.
The old San Remo Church is also on the property.
Classic interiors are part of the package.
The incredible farm, which features a private beachfront and a century-old chapel, has held the Phillip Island record sales price since it sold for $4.25m in 2008, which CoreLogic shows.
Mr Cussell described the five-bedroom estate as “the ultimate Australian beachfront rural property with breathtaking views”.
“It’s pretty rare — there aren’t too many times you get to buy a property with its own surf break,” he said.
“It is one of the most beautiful homes on the Bass coastline, with so many people who don’t even realise it’s there.”
Modern features are also included.
The property was recently renovated.
Beach house vibes inside a grand estate.
The property was settled by brothers John and William McHaffie in 1842, as the first homestead on Phillip Island.
In 1923, Albert and Eleanor Sambell built the Arts and Crafts-style manor that stands today in place of the McHaffies’ homestead.
Mr Sambell went on to become the founder and first president of Phillip Island Shire Council, Victorian Collections records show.
Incredible views from the elevated block.
The historic farm is Phillip Island’s most expensive sale.
Inside the church, often used for weddings.
Recent renovations have been undertaken to the main manor, which was built from locally sourced bricks and Welsh slate roof tiles.
The 1906 San Remo Church, which was used by the vendors as a wedding and events venue, and the three-bedroom house called The Cottage, were transported to the site about 30 years ago.
Other additions on the sprawling block include a tennis court, fenced paddocks, dams and storage sheds.
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The post Phillip Island record: Ventnor dream home sells for more than $8m appeared first on realestate.com.au.