A STUNNING 1920s era home above Geelong’s Eastern Beach sold for $4 million this year, official records confirm.
The ornate house and gardens at 48 Eastern Beach Rd was sold in April, but CoreLogic has revealed the price after the settlement had gone through and the sale was reported to the Valuer-General’s office.
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It becomes central Geelong’s second most expensive house after the more famous Corio Villa, which holds the title after selling for $5 million in 2012.
McGrath, Geelong agent Jim Cross handled the sale extended sale campaign, which had an asking price of $4.685 million.
The five-bedroom house at 48 Eastern Beach Rd is a celebration of the Roaring 1920s, with grand rooms and elegant timber details matched with an expansive rear extension including a pergola extending from the house overlooking a separate studio.
The manicured garden featuring topiary, stone and brick beds, and specimen trees is worthy of the esteemed address.
Mr Cross told the Advertiser earlier this year that local buyers had secured the property.
The price was revealed as new data shows buyers have splashed more than $22 million on Geelong’s main waterfront suburbs in 2018.
Among the top sales includes the Federation era Vailima, also on Eastern Beach Rd, which sold for $3.05 million, also in April and the former Corio Bay harbour master’s house in Balmoral Cres, Rippleside, which sold for $2.605 million in March.