The family of late Metricon co-founder Mario Biasin (pictured, top) has listed the Flinders estate it picked up for $8.65 million in 2006 – setting a then record for a regional Victorian property sold at auction.
Solitaire, on 20.24 hectares at 4445 Frankston-Flinders Road, is expected to trade for over $28m this time around.
Unusual for being a low-lying block rolling onto the beach (most waterfront Flinders properties are clifftop), the holding includes a 1980s dwelling built just 50 metres from the water – which agency sources say would not be permitted nowadays.
The Biasin family picked it up from ex-3UZ owner Oliver Nielson who outlaid $147,000 in 1980.
The 2006 auction result was some $1m over expectation, with three parties contesting beyond $8m.
More than 300 people were present including members of the Baillieu family and Geoff Slade from recruitment firm Slade Group.
High profile neighbours
Overlooking the Western Channel of Western Port, and Phillip Island, Solitaire also includes a waterfall, creek and olive grove.
The property is two holdings from a 16.5ha getaway held by pairs trader Richard Fish – once dubbed Australia’s best investor – who five years ago retired from the Bennelong Long Short Equity Management business he established in 2002.
It is also close to the family home of former television personality Daryl Somers and his wife, Julie (story continues below).
On 18.55ha, that parcel, which is waterfront as well, set the pair back $2.9m this week 26 years ago.
In the pocket too is a Shoreham holiday house held since 2017 by Joshua Mantello, the son of ex-North Melbourne footballer and developer, Albert.
Also in the vicinity – about 10 kilometres north – is the Point Leo Estate, owned by Chadstone Shopping Centre co-owner John Gandel, who repurposed part of it five years ago as a sculpture park.
Forbes’ Michael Gibson is marketing Solitaire – less than a month after it was permitted to make way for a second dwelling.
“This is a jewel…an unrepeatable offering and we anticipate it will ignite attention the world over” he said.
“It lies flush with the beach, which is so rare…and it comes with a building approval three years in the making,” he added.
Mr Biasin died unexpectedly last May, aged 71.
The late George Kline was the other Metricon founder.
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