THE top end of Lorne’s property market is heating up with two stunning properties being listed for sale for more than $5 million.
A unique ‘pyramidal’ design inspired by the travels of one of Australia’s leading architects Guilford Bell has hit the market at 77-79 Smith St.
The one-of-a-kind six-bedroom house is spread over 1816sq m of land that also features a tennis court.
MORE REAL ESTATE: Huge opportunity in the heart of Torquay with rare 2025sq m block
Geelong family upgrading to swish riverside residence
First resale at Rippleside’s Balmoral Quay earns $70K value boost in a year
The property has a picturesque view over Louttit Bay and the coastline.
Inside the house a ‘pyramidal’ ceiling is a highlight while a circular heated swimming pool and outdoor kitchen with pizza oven are highlights outside.
If it sells within or anywhere near the price guide of $5.5 million to $6 million it will create a record for the popular seaside town.
The current record was created in 2010 when 57 George St sold for $4.8 million.
Great Ocean Road Real Estate, Lorne agent Ian Stewart said this was the first time properties of this calibre had been offered for sale in Lorne for about seven to eight years.
“The next 60 days will be really interesting,” Mr Stewart said.
The Swaney Draper-designed house at 104 Smith St has also just been listed for sale and it has price hopes of $5.4 million.
The stunning house, that has featured in Wallpaper International magazine, combines blackbutt timber, a towering sandstone feature open fireplace and 5m ceilings.
The five-bedroom house has a spacious open-plan living area, adjacent to the main bedroom, that flows out to a viewing platform, while the guest suite sits on the level below.
Mr Stewart said both these properties had been held for in excess of 10 years.
“Both are residences set aside for family holidays and the motivators behind selling are they are not using them and it doesn’t make commercial sense to see them sit vacant,” he said.
Both properties are for sale via expressions of interest campaigns closing January 28.