Owies family score record price for boat shed

Boat Shed 26 sold for $505,000 – believed to be a record for the McCrae Foreshore.

The family of Carlton footballer Matthew Owies banked $55,000 over reserve for an 18.6 square metre boat shed held for five decades.

The Owies family renovated the McCrae property a decade ago.

The $505,000 weekend result for Boat Shed 26 on McRae Beach, is believed to be a record for the area, according to Belle Property selling agent Jarrod Eastwood, who marketed the asset with Grant McConnell.

It traded against a $430,000-$470,000 guide.

The deal comes 13 months since a 34 sqm shed on the beach – Boat Shed 64 – collected $300,000.

In late 2020 meanwhile, Boat Shed 61, spreading c20sqm, traded – again for $300,000.

Renovated shack

Shed 26 was rebuilt about a decade ago, with new timber floors and insulation.

It was also restumped and its walls were relined (story continues below).

The McCrae boat shed spreads 18.55 square metres.

The asset includes a 4.86sqm deck and rear stable door/window, for wind flow.

Also near the Lifesaving Club, the Owies offered it with some beach toys including a boogie board.

McCrae boat sheds, like those in other Mornington Peninsula regions, and Melbourne’s Brighton, can only be acquired by ratepayers.

In 2021, a record was set for a Rye beach shack when 68 Tyron Beach sold for $570,000, more than twice the asking price.

Six years ago, a large shed on Portsea beach collected nearly $1m.

Four years prior to signing with Carlton in 2018, Mr Owies represented Australia at the FIBA Under-17 World Championships.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.