The Grollo family has sold historic Phillip Island estate Woolamai House.
On a 1.76 hectare site with 140 metres of frontage to Cape Woolamai foreshore, the 1876 homestead is trading for about $3.8 million.
Woolamai House was developed by hotelier Captain Blake Cleeland, who also owned 1875 racehorse Woolamai, which was trained on Phillip Island.
Prominent Melbourne developer Bruno Grollo bought it 38 years ago – in 2004 employing Melbourne architect Robert Simeoni to extend the home from 325 square metres (35 sqm) to about 700 sqm (75 sq).
It is now configured with six bedrooms, four bathrooms, two kitchens and a viewing platform.
The family unsuccessfully tried to sell the property in 2007.
At that stage it was marketed as a lifestyle property on eight hectares of land, asking $8 million.
In 2011, the family decided to subdivide and sell-down eight hectares as a 68-plot housing estate.
Known by the address of 14 Grofam Court, Cape Woolamai, it carried a price guide of more than $3.5 million.