Mount Eliza compound a gateway to the Mornington Peninsula

The owners of a family compound at Mount Eliza, gateway to the Mornington Peninsula, have listed the 9105sq m holding with a price range of $5.45m to $5.995m.

The Mount Eliza holding has a price range of $5.45m to $5.995m.

The owners of a family compound at Mount Eliza, the gateway to Victoria’s Mornington Peninsula, have listed the 9105sq m holding with a price range of $5.45m to $5.995m.

Selling agent Lachlan Castran of Castran says the 41-43 Canadian Bay Road property includes a five-bedroom house and separate cottage and there’s also a pool. Castran reckons the buyer could be after a multi-generational property and he is offering the property via an expressions-of-interest campaign closing March 18. The buyer will be in good company given pop singer Tones and I recently splashed serious cash on a luxury mansion on the Mornington Peninsula. The Dance Monkey singer spent about $5.1m on a Mount Eliza property last year.

McWilliam’s $33m exit

In this year’s highest Sydney sale, locals were the buyers of Bruce McWilliam’s Point Piper waterfront, paying $32.5m. The Wolseley Road property was on the market for less than one week. It is understood Bill Malouf, of LJ Hooker Double Bay, introduced the buyer and negotiated the deal. The five-bedroom mansion with swimming pool was listed by Brad Pillinger, who sold another property for McWilliam, a well known property trader, in Victoria Road, Bellevue Hill, just a week ago. Property records reveal McWilliam paid $10.65m for Wolseley Road, which covers nearly 830sq m, back in 2013.

Smollen’s bases loaded

Shane Smollen’s Anden development in Sydney’s South Coogee may be set back from the beach but the 15-unit complex by Central Element has fully sold out. Marketing agent Ben Stewart of CBRE says the apartments sold at $24,000/sq m to $28,000/sq m with the penthouse changing hands for $3.795m. Smollen, a non-executive director of McGrath Estate Agents, who recently bought a Byron Bay mansion, recently sold his Tamarama mansion to Bitcoin entrepreneur Kain Warwick. At South Coogee he assembled a team of designers including landscaper Will Dangar. Meanwhile, post Easter, Stewart will turn his attention to marketing the Sirius development by JDH Capital’s Jean-Dominique Huynh. All 76 apartments will have some form of living space overlooking the Harbour Bridge.