Metro
Sorrento mansion sets clifftop record in $30m secret deal
A vacation home fetching $30 million {dollars}?
That’s the brand new actuality for the ultra-prestige property market on Mornington Peninsula, the place a clifftop mansion has smashed gross sales information.
Westbank, a clifftop mansion in Sorrento, offered for $30 million.Credit score:
Westbank, on Level Nepean Street in Sorrento, offered for $30 million in Might final 12 months however solely settled this week, public information present.
Constructed about 1910, the grand dwelling is ready on greater than 7200 sq. metres and was constructed from limestone quarried on the property.
It has set information up to now, promoting for $9.5 million in 2007 when the neighbour reportedly purchased it and added a covenant that may shield his views from future growth, earlier than reselling a 12 months later for the discounted worth of $8.5 million.
The house provides gorgeous bay views and has beforehand been marketed with six bedrooms, garaging for 4 automobiles, wine cellars and boat shed.
The water views don’t disappoint.Credit score:
The earlier report for the Mornington Peninsula was the $26 million sale of Ilyuka in Portsea, set 10 years in the past.
In an off-market deal, the house was bought within the identify of a company entity linked to a lawyer’s belief, though the brand new proprietor is alleged to be personal fairness boss Ben Grey, founding companion of BGH Capital, in keeping with a supply with data of the deal however not authorised to talk publicly.
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