Buyers have a rare opportunity to snare a luxury estate in Wonga Park, with a number of sprawling properties hitting the tightly held market.
Recently listed high-end houses have the potential to notch some of the most expensive sales in the sought-after suburb.
An impressive lifestyle property at 38 Homestead Rd is on offer with an eye-watering $3.7-$4 million price guide.
If the 5.5ha address changes hands in that price range, it will become the suburb’s most expensive residential sale since the record $6 million sale at 8 Jamieson Rd in 2015.
Jellis Craig Doncaster agent Sharyn De Vries said the property’s equestrian facilities were world class.
“It has an Olympic-sized arena, five horse paddocks, a wash bay and tack room that are being well-received by buyers,” Ms De Vries said.
“It’s attracting those who are serious about horse training, but also buyers who would use it as a hobby.”
The five-bedroom home features a stunning open-plan area, a huge deck with incredible views and a solar-heated pool and spa.
Another expansive estate at 4 Valley Rd hit the market in January with a $2.4-$2.6 million price guide.
The six-bedroom abode sits on a 4.11ha block overlooking the Dandenong Ranges.
Ms De Vries said larger properties attracted buyers looking for a country lifestyle.
“It feels like a getaway, but you’re close to infrastructure including good schools and transport to the city,” she said.
“We have inner-city buyers looking for a tree change and families coming from the Yarra Valley that want to be closer to the city.”
The suburb’s median house price recently hit seven figures, increasing 7 per cent to $1.058 million in the 12 months to November, according to CoreLogic data.
Fletchers Warrandyte director Robin Waterbury said buyers were willing to pay top dollar to break into the suburb.
“Most aren’t first or second-home buyers, they’re quite established and they’re looking to invest in their lifestyle,” he said.
“But there’s not a high turnover of properties and it’s rare to have an opportunity to secure houses like these.”
CoreLogic data shows only 26 houses changed hands in Wonga Park in the 12 months to November 2018.
Mr Waterbury said a contemporary pad for sale at 33 Jumping Creek Rd was the type of easy-care retreat many buyers were looking for.
The five-bedroom home, which includes a pool and grand landscaped gardens on almost 4000sq m, has a $1.8-$1.98 million price guide.
SUBURB PROFILE: Wonga Park