Brand-New Oceanfront Mansion On Victoria's Coast Is A ‘Modern-Day Masterpiece’
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Brand-New Oceanfront Mansion On Victoria’s Coast Is A ‘Modern-Day Masterpiece’

The house, which feels as though it’s suspended over the water, was built to withstand the conditions it faces being so close to the ocean.

By Catherine Mchugh
Thu, Feb 11, 2021Grey Clock 3 min

LISTING OF THE DAY

Location: Flinders, Victoria, Australia

Price: $30 million

Dubbed “Horizon,” this recently completed five-bedroom mansion is perched on a dramatic cliff edge on Australia’s Mornington Peninsula near Flinders township, about 72 kilometres south of Melbourne.

In 2015, the family of legendary Australian rules football coach Jock McHale put the property, which includes a 1920s homestead called Pinnacle Park, up for sale. According to listing agent Rob Curtain of Peninsula Sotheby’s International Realty, developer Brooke Starbuck bought it, along with multiple adjoining titles.

“Unlike all of the other allotments offered, which have restrictive zoning regulations, the five-acre homestead did not fall into the same zoning,” Mr Curtain said. “So he saw an opportunity and subdivided the land into four separate plots while maintaining the original homestead.”

Built on a cliff’s edge, the monolithic home is made of concrete and glass.

Peninsula Sotheby’s International Realty

Starbuck enlisted local craftsmen Williams Group and commercial architect Bruce Henderson to build the home. The process took five years. “He wanted to do the unique position justice and build a generational home that would withstand the harsh environment of living so close to the ocean,” Mr. Curtain said. “He also hired interior designer Mim Design for the internal fit-out based on Miriam Fanning’s renowned coastal work. It’s truly a modern-day masterpiece.”

The interiors feature St. Croix stone complemented by American oak flooring. The home’s elevated first level contains five ocean bedrooms all with en-suite bathrooms and ocean views, as well as a central chef’s kitchen, a fully appointed scullery and three living spaces oriented to maximize the views.

“The main open-plan living, kitchen, dining area is simply spectacular,” Mr. Curtain said. “The 13-foot ceilings with floor-to-ceiling glass windows and a 180-degree ocean view create the most surreal feeling of being suspended over the water. It’s an architectural and engineering triumph set on a truly spectacular landholding with 335 feet of oceanfront and tremendous 270-degree ocean and rural views.”

Ample outdoor terraces provide plenty of room for al fresco dining.

Peninsula Sotheby’s International Realty

Stats

The 2000sqm home sits on a 1.25-acre lot and has five bedrooms and six full bathrooms.

Amenities

The home has the latest in technology with world-class kitchen appliances from Wolf and Sub-Zero, integrated audio-visual by Sonos, zoned hydronic floor heating and VRV heating and cooling throughout. A comprehensive security system includes keyless entry and all home technologies are controlled via Elan. The residence is also 6-star energy rated and includes a solar panel system.

An elevator connects the upper level to the lower one, which has a professional gymnasium, sauna, cinema room, wine room and a garage. There is also a second gourmet kitchen servicing an al fresco spa terrace, where a suspended 20-person spa overlooks the ocean.

Neighbourhood Notes

“The beauty of this location is the views are all water and rural surroundings as the area is better known for the farming environment,” Mr. Curtain said. “But this home is only a five-minute walk to the Flinders township, golf courses and the Flinders Bay Beach. It’s also only a 60-minute drive to Melbourne’s central business district.”

Listing Agent: Rob Curtain, Peninsula Sotheby’s International Realty

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New research from Knight Frank’s International Waterfront Index shows waterfront properties are costing more than double their inland counterparts in Sydney while in Melbourne waterside properties attract a 40% premium.

Australia’s coastline attracts some of the highest waterfront premiums in the world with Sydney topping the index — an average premium of 121% — compared to an equivalent home set away from the water.

Auckland ranked second on the list of 17 international locations — a premium of 76%. The list saw Gold Coast (71%), Perth (69%) and the Cap d’Antibes (59%) on the French Riviera round out the top 5.

Australia continued to feature prominently in the research with Brisbane’s waterfront premium coming in at 55%, with Melbourne also in the top 10 at 39%.

According to Knight Frank Australia’s head of residential research, Michelle Ciesielski, there has always been strong appetite for Sydney’s waterfront homes.

Australia’s luxury residential market has advanced, it lacks the depth of prestige markets in more established global cities said Cieselski.

“As a result, our Australian cities can achieve a significantly higher premium on the waterfront compared to a similar property inland without access to, or a view of, water,” she said.

“Also, Australia is known for its balmy outdoor lifestyle, so many buyers in this super-prime space are willing to pay a premium to secure the ideal position along the waterfront.”

The data also suggests that beachfront homes were most desirable, commanding a premium of 63% compared to harbour locations fetching 62% premium and coastal homes with a 40% premium.