Earlwood set for new record with $12.5m price indication

A Melbourne beachfront home has been tipped to blow its suburb record out of the water after being slapped with a $12.5 million indicative price tag by Consumer Affairs Victoria.

The romantically named ‘Fontainebleau’ is an iconic and beautiful home that languishes on the corner of what’s dubbed Elwood’s “best residential street”, and could dwarf the previous suburb record of $6.8 million.

The Richard Swansson-designed mansion features four stylish bedrooms and parking for five cars, as well as boasting gorgeous sea views out to Port Phillip Bay.

The quirky 487sqm property at 31 Ormond Esplanade, which was built in 1929, is listed via an expressions of interest campaign with Abercromby’s Sam Goddard and Jock Langley.

Back in 2010 it sold for $4.2 million according to CoreLogic records, selling again four and a half years later for $6 million, so it could be a case of the owner doubling his money if projected price heights are reached.

Renting the property in 2014 cost tenants $3,200 a week.

With unique character and charm, the impressive home’s particulars are complete with a heated lap pool and al fresco dining terrace to bring the sense of the outdoors in.

The arts and crafts-styled property is also littered with alluring European characteristics, including perfectly manicured gardens, Italian Marmarino surfaces in the kitchen.There’s even a heated marble staircase from Stephen Akehurst!

The landmark residence is sure to turn heads not just in Elwood but also further afield as its proximity to some of Melbourne’s most famous beaches will catch the eye of even the pickiest of buyers.

Whoever gets to call Fontainebleau home next is certainly in for a treat and can enjoy endless evenings in the sun or dips in the pool. Pretty tempting, huh?

Address

31 Ormond Esplanade, Elwood, Vic 3184

Agent

Sam Goddard – 0448 870 454
Jock Langley – 0419 530 008
Abercromby’s Real Estate – Armadale