Suburb price record set with $7 million deal for Beaumaris home

A contemporary mansion in Beaumaris, about 20 kilometres south of the Melbourne CBD, has sold off-market for nearly $7 million, setting a new suburban price record.

The result is more than three times the bayside suburb’s median house price ($2,035,000).

“This was an unbelievable result for our clients but also for Black Rock as a suburb,” Marshall White agent Matthew Pillios said. “Brighton, Hampton and Sandringham buyers are now seeling Black Rock as a suburb of choice for…prestige properties.”

The 1271 sqm holding on Bayview Crescent includes an Atkinson Pontifex designed three-level home with five bedrooms, basement parking for eight cars and a swimming pool (pictured top, left and below).

Mr Pillios said his campaign attracted buyers from the Bayside area, where Beaumaris is located – but that the agency’s “unique reach” also saw it promoted to prospective suitors in the Booroondara, Port Phillip and Stonnington regions.

“The strength of our database and team culture resulted in many buyer referrals,” Mr Pillios said adding that investors living outside of the area “are contemplating Bayside lifestyle changes” being attracted to “schools, cycling and restaurants”.

“We are very proud to achieve this record above and beyond all of our expectations.”

In February, a Victorian price record was set when Malvern’s Stonington mansion sold for $52.5 million. Several other metropolitan Melbourne suburbs have also seen record-breaking deals recently, some of which we reported here.

Marc Pallisco

A freelance property writer and experienced analyst, Marc is the co-founder of realestatesource.com.au

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