The landmark former holiday estate of supermarket giants the Coles family has set a new Flinders price record.
A Melbourne couple paid just less than $7 million for the 33 Bass St compound, which includes one of the oldest homes still standing in the quiet coastal suburb.
Bass Lodgeis understood to have been built circa 1915 and was part of a larger landholding dating from the 1870s.
In about the 1930s, the property was owned by the family of Sir Arthur Coles of the shopping empire and supermarket fame. He was also a Melbourne Lord Mayor and federal MP.
The double-storey house was fully restored and renovated, and listed in late 2018 with hopes of setting a new suburb record price.
“The buyers are new to the area and made a genuine offer which the vendor accepted as he was keen to move on,” Kay & Burton Flinders partner Tom Barr-Smith said
The four-bedroom, four-bathroom home had a price guide above $8 million and drew one firm offer.
The suburb’s previous record house price of $6.56 million was set in 2018 by the 2800sq m property at 14 Bass St, sales record show.
Agency director and co-listing agent Prue McLaughlin said Bass Lodge was on a large allotment with some of the “best views of the water”.
She noted the buyer interest was moderate considering the property’s price level.
“There are very few old homes like this in Flinders and the property is very well renovated and is just fabulous,” Ms McLaughlin said.
The 5342sq m property features beautiful landscaped gardens, a swimming pool, seven-car garage plus views over Flinders Golf Course.
Many of its interior details were restored and modern conveniences added. It features formal and casual living and dining zones, open fireplaces, kitchen and a breakfast room, spacious library or sitting room and a wide balcony.
There is also a lift, wine cellar, butler’s pantry, guest kitchen and dining area, cloak and powder rooms.