Mount Eliza
CLIFFTOP GRANDEUR WITH APPROVED PLANS AND PERMITS & UNRIVALLED BAY VIEWS - An Exclusive Dual-Title Opportunity on the Golden Mile
Unmatched Development Potential
Beyond its existing grandeur, this property’s true distinction lies in its remarkable future potential. With approved architectural plans and permits for a striking contemporary residence—complete with an infinity-edge pool, multicar garaging, and championship tennis court—the opportunity to create a world-class coastal estate is already in motion.
Whether you're seeking a multi-generational family compound, a dual-home lifestyle across two titles, or a premier development opportunity, this offering presents unmatched versatility and long-term value.
A rare opportunity exists to reimagine the existing character home with a bespoke renovation, create a brand-new architectural masterpiece, or simply retain this extraordinary holding as a prestigious, long-term investment—set within one of the Mornington Peninsula’s most exclusive coastal settings.
Options abound: retain the site in its entirety and renovate or build a singular showpiece residence; proceed with the approved subdivision and develop both homes; build one and capitalise on the second title through resale; or refine the existing plans to realise your own architectural vision—all within a premier coastal enclave of enduring value.
Perched high on Mount Eliza’s most prestigious stretch—the renowned Golden Mile—this extraordinary clifftop estate delivers the pinnacle of luxury waterfront living, architectural excellence, and unrivalled future potential. Occupying an elevated 3,799sqm (approx.) of blue-chip land and direct gated access to Daveys Bay Beach, this is an address of rare privilege and enduring value.
Set across three expansive levels, the existing residence has been masterfully renovated to reflect refined coastal luxury. From the moment you enter the grand foyer—finished in marble and Venetian plaster—the attention to detail is undeniable. A sweeping circular staircase and private lift connect all levels, while floor-to-ceiling glass frames spectacular 180-degree views across the bay and city skyline, infusing every living space with natural light and visual drama.
Multiple living zones cater to both grand-scale entertaining and relaxed everyday living, flowing effortlessly onto generous terraces ideal for alfresco dining or sunset viewing. The gourmet kitchen is equipped with premium Miele appliances, complemented by a stone wet bar, integrated audio, and a sleek gas log fireplace—enhancing the experience of effortless luxury.
Accommodation comprises four to five opulently scaled bedrooms, including a magnificent master suite featuring a marble spa ensuite, private steam room, expansive walk-in robe, and secluded balcony access. A crowning upper-level terrace offers sweeping 270-degree panoramas—perfect for dolphin watching or evening soirees under the stars.
Further elevating the lifestyle offering, the estate features a resurfaced championship-size tennis court, a bespoke gazebo, dual remote-controlled double garages, and a full suite of modern comforts including underfloor heating, ducted gas heating, and evaporative cooling—ensuring year-round comfort and amenity.
Location and Lifestyle
Ideally positioned within walking distance to Toorak College and just moments from Mount Eliza Village and Peninsula Grammar, the property blends prestige with convenience. The Melbourne CBD is easily accessed in under 45 minutes via Peninsula Link, making it as practical as it is desirable.
With two approved titles, breathtaking views, direct beach access, and plans in place for architectural brilliance, this is one of the Mornington Peninsula’s most exceptional and tightly held beachfront offerings—set to deliver unparalleled lifestyle and investment returns.
Proudly marketed by the team at Peninsula Sotheby's International Realty.
Inspection times
Please contact our agents to arrange a viewing.
Property Information
- Land area approx 3799.0sqm
Property Features
- Garages 5
For more information, contact us today.
Property photos
