Just the second house has sold this year in one of the Mornington Peninsula’s hardest suburbs to get into.
No. 179 Balnarring Beach Rd, Balnarring Beach changed hands recently for about $2 million and follows the sale of 37 Fauconshawe Beach Rd in February.
The coastal suburb of just over 400 residents notched up just eight house sales last year, CoreLogic data shows.
The median house price has been rising, from $1.02 million in May 2017 to $1.1 million in December last year, according to realestate.com.au figures. There were only four property listings in the suburb as of April 15.
Demand to enter the suburb is strong, with 1894 visits per property in Balnarring Beach, in contrast to the state average of 871 visits per property on realestate.com.au.
Balnarring Beach is a small suburb with a secluded foreshore looking out to Western Port Bay and Philip Island.
The latest sale was for a stunning five-bedroom house in “Hamptons style”, listing agent Derek Lea of Eview Group said.
The 741sq m property has a design offering contemporary luxury, ample natural light, cool curves and an aquarium in addition to resort-style features.
It is located close to the beach and crafted by a builder who has completed several similar lifestyle homes on the peninsula. It had a $2-$2.2 million price guide.
“There are not many new homes for sale in the area, with many older homes being demolished to build new homes,” Mr Lea said.
“The new owners are downsizing from Mt Eliza and love the house and the location.”
Mr Lea added that while the property drew many groups to the inspections, “genuine” buyers were restricted mainly to those seeking a holiday home in the suburb.
The property has multiple living zones, lavish entertainment areas and luxury inclusions such as natural stone benchtops, prestige kitchen appliances, automated lighting control and home security, in-ceiling speakers and a gas fireplace.
It comes with an outdoor shower, louvre roof over the alfresco zone, inground pool, built-in barbecue and fully irrigated garden.