TEE OFF IN LUXURY ON THE PINES’ MOST EXCLUSIVE ADDRESS

Golf connoisseurs with a love of architecture can hit a hole in one with this palatial estate in the exclusive Masters Enclave gated community.

The sprawling 1798sq m Sanctuary Cove property was recognised as one of Queensland’s Top 50 Amazing Homes in 2023 by The Courier Mail and sits alongside the country’s only Arnold Palmer-designed golf course, The Pines.

Recognised as one of Australia’s best and most challenging courses, The Pines is a 101ha 18-hole course within an established pine forest. With eight man-made lakes, it is home to an abundance of native wildlife, including rare birds and plenty of kangaroos.

“When I think of great golf in Australia, I think of The Pines at Sanctuary Cove, a true test of the game,” pro-golfer Adam Scott has said of the famous green.

Listed with Matt Gates of Ray White Sanctuary Cove, the modern mansion is on the market via private treaty sale with a price guide of $8.495 million. The property last sold in 2022 for $6.6 million according to title records.

Prior to that exchange, the designer home had been the glamorous weekender of retired telco executive and one-time local Bentley and Rolls-Royce dealer, David Baird, and his wife, Marion. They purchased the home, which fronts the 14th and 15th fairways, for $6.5 million in 2018.

A single-level residence, the four-bedroom house has a palatial 900sq m of living space and benefits from an extraordinary 80m of uninterrupted fairway frontage, giving the owners a prime position to enjoy the member-only course.

Meticulously curated to appeal to a design-savvy buyer, the house has multiple living and entertaining zones which all open up to the great outdoors and the unrivalled view of the green.

There are six defined alfresco spaces throughout the property, including an outdoor bar and spa terrace, a courtyard pavilion with fire pit, a beverage hub and bespoke seating. A vast pool and its adjoining spa also overlook the lush green of the fairway.

Inside, there are ample places to retreat to, such as the relaxed sunken lounge, as well as the media room for movie nights, and an executive-style office with integrated cabinetry.

Built for the great entertainer, the sleek contemporary kitchen is complemented by rich timber finishes, black subway tiles, a long eat-at island bench, plus a full butler’s pantry and state-of-the-art appliances.

Each of the bedrooms has an ensuite, including a separate guest suite, and the spacious main is a private pavilion retreat in itself with a five-star hotel-inspired bathroom featuring a freestanding tub and a grand dressing room.

The Masters Enclave estate has cutting-edge home automation, a four-car garage with a workshop and an essential golf buggy bay.

In addition to a world-renowned golf course right on the doorstep, residents within the secure community also have easy access to a marina, waterside cafes and designer boutiques.

The estate has the convenience of 24-hour security, land and water patrols, medical emergency response, and alarm monitoring.

Matt Gates of Ray White Sanctuary Cove is listing the Masters Enclave residence with a price guide of $8.495 million.

Leading Australian development manager Fortis has secured a landmark off-the-plan sale at Richmond Square, with high-profile hospitality entrepreneurs Bruce and Chyka Keebaugh purchasing a 550sqm penthouse residence in Carmine House, establishing a new price benchmark for apartment living in Richmond.

The purchase underscores the continued demand for premium, amenity-rich residences in Melbourne’s inner east.

The transaction marks a significant milestone for the $330 million mixed-use precinct, reinforcing buyer appetite for integrated, lifestyle-led developments.

Richmond Square comprises two residential offerings – Carmine House and Wiltshire House – alongside a 57-room boutique hotel, strata office space and a curated mix of retail and lifestyle operators.

As part of Carmine House, residents have access to hotel-style amenities and services, including concierge, housekeeping, dry cleaning and in-residence food and beverage delivery.

Best known for building The Big Group into one of Australia’s leading luxury hospitality and events businesses, the Keebaughs were drawn to the precinct’s integrated lifestyle offering and its proximity to Melbourne’s hospitality, cultural and sporting precincts, while remaining well connected to the Mornington Peninsula, where they spend much of their time.

As well, Chyka is well known to Australian audiences as one of the original stars of The Real Housewives of Melbourne, appearing across three seasons of the hit reality series.

Alongside her business ventures with Bruce, she has built a public profile as a lifestyle authority, authoring two books on home and entertaining, Chyka Home and Chyka Celebrate.

“We weren’t simply looking for a luxury apartment,: the couple said. “We were looking for a home that delivers an exceptional lifestyle every day. The combination of design, walkability, security and the broader precinct vision for the broader precinct immediately stood out.”

Jordan Winada, Head of Acquisitions (Commercial) Victoria at Fortis, said the result highlights evolving priorities at the top end of the market.

“This sale reinforces that premium buyers are prioritising the complete lifestyle experience,” says Winada.

“They’re increasingly looking beyond the apartment itself and assessing the quality of the surrounding neighbourhood as well.”

Sean Cussell, Director at Christie’s International Real Estate Victoria, who negotiated the transaction, said the result reflects the lack of comparable product at this level of the market.

“There’s simply no direct comparison for this in Richmond. It’s not just an apartment; it’s part of a fully integrated precinct combining residential, hotel, workplace and lifestyle amenity,” Cussell said.

“Buyers are increasingly assessing the broader offering, from amenity and walkability to service and convenience. Projects that deliver a complete lifestyle experience continue to outperform.”

The sale contributes to Fortis’ strong national performance, with the business recording more than $124 million in sales since March, the last three all record-breaking penthouse sales across the country, reflecting sustained momentum across its portfolio and continued appetite for premium, design-driven developments.

This follows Fortis’ recent record-breaking Ruby House penthouse sale in Sydney’s Double Bay, which set a new benchmark for apartment living in the suburb and underscores the strength of demand at the ultra-premium end of the market.

Richmond Square will announce its hospitality and lifestyle operators in the coming weeks as the project progresses towards completion this year.

TEE OFF IN LUXURY ON THE PINES’ MOST EXCLUSIVE ADDRESS

This luxury Sanctuary Cove estate offers prime fairway frontage beside Australia’s only Arnold Palmer-designed golf course.

Hospitality entrepreneurs Bruce and Chyka Keebaugh have set a new price benchmark for apartment living in Richmond with their purchase of a Carmine House penthouse.