Sales Success in Sorrento

"The Anchorage" estate, built in 1873 for the founder of Sorrento George Coppin sold for $8.05 million, suggesting there is at least one wealthy individual unaffected by recent share market volatility. Another home in Vision Avenue Sorrento sold for more than $3.3 million this week.

Tenders closed on Friday for the famous "Sisters" property, which was profiled on realestatesource.com.au last month.
That property, which includes 3 acres of land on the beach in Sullivans Bay, is expected to fetch more than $18 million and set a new record for a price paid for a home in Victoria.

It is understood wealthy individuals including Steve Vizard, and interests associated with the Myer Family have inspected the property, as have developers wanting to build apartments, townhouses or luxury retirement villages on the site.

The property is for sale for the first time since the late 1890s.

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Marc Pallisco

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

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