Revived Esplanade, Mt Martha haven poised for elite $4M club
A tired 30-year-old home in a coveted beachside Mornington Peninsula spot has been rejuvenated into the ultimate elegant coastal mansion with Hamptons-style flair in verdant surrounds.
A bay-viewing home revived with Hamptons-style elegance is aiming to join an elite club along Mt Martha’s Esplanade.
If the 542 Esplanade property sells at the top of its $3.8-$4.1 million price guide, it will be just the fifth house to fetch $4 million and above.
The price record for the coveted stretch is $5.63 million set by a 1400sq m block at No. 451.
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The most recent sale on the Esplanade was No. 271, which fetched $2.55 million in March.
The four-bedroom home at No. 542, named Moonshine, has been fully refurbished by award-winning local architects and sits on 2523sq m.
“Most blocks along the Esplanade are 1000sq m, so this is a much larger block and before it was subdivided (it) even had a tennis court,” Community Real Estate director James Crowder said.
Purchased by the vendors in 2012 for $1.935 million, the home has undergone a full refurbishment to maximise its prime spot opposite the foreshore and beach.
It features a rare indoor pool, verandas and lavish living and dining spaces.
Inside are grand living and entertainments zones that take in beautiful vistas while outside are serene terrace gardens.
It sits serenely behind iron gates and tall walls, and has been fitted out with stone benchtops in the kitchen and bathrooms, while beautiful oak floors and plantation shutters add a touch of coastal charm.
Three living spaces, a billiards room, viewing balcony and basement-style wine cellar with a wet bar are among the many highlights.
The accommodation includes a luxury parents’ wing and generous bedrooms, plus a guest room or home office. A third bathroom services the indoor pool, which comes with integrated spa jets.
Close by are the village shops and cafes., and the yacht and lifesaving clubs.
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Originally published as Revived Esplanade, Mt Martha haven poised for elite $4M club