A waterfront home in Elwood has sold for a speculated $9.4 million – smashing the previous suburb record.
The deal for Fountainebleau at 31 Ormond Esplanade, on the corner of Normandy Road, came 10 months after it was listed.
At the time the guide was $12.5m.
The home previously traded for $6m in 2015.
Five years prior to that, it exchanged for $4.2m.
Developed in 1929, the Arts and Crafts Fountainebleau sits on c1100 square metres in Elwood’s ‘Golden Mile’.
It contains four bedrooms and three living zones – the main one upstairs as part of an open plan area with the kitchen and dining room.
Architects Stephen Akehurst and Richard Swanson renovated it (story continues below).
There is also a triple garage and lap pool.
Belle Property’s Todd Newton and Sophie LaForest were the agents.
Their deal comes 13 months since buyer advocate Frank Valentic sold his nearby Art Deco (20 Normandy Rd) for $6.82m.
That sale broke the suburb’s price record set a month earlier when chef Teage Ezard offloaded a Federation on two blocks in Byrne Avenue for $6.35m.
Also last year, entertainer Jane Turner listed her nearby historic home, Tiuna, with $7.3m-plus price hopes – but it was later withdrawn.
These three properties, along with Fountainebleu, form part of Elwood’s Seaside Estate.
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