OFF MARKET

29-31 Morell Street
Mornington VIC 3931

Bedrooms: 5
Bathrooms: 3
Car spaces: 6
Land area: 2377m2
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Property Details for 29-31 Morell St, Mornington

Building Type
Commercial
Year Built
1926
Land Size
2377m2
Local Government
Mornington Peninsula
Lot/Plan
1/LP62282

Last Listing description (January 2021)

An amazing full refurbishment on one of Morningtons oldest and grandest homes, this circa 1926 beachside residence reveals a spectacular transformation into the modern day and tranquil views over Mornington Harbour and the bay beyond. Steps from Mills Beach, few homes deliver luxury to this scale with servants quarters now converted into au pair accommodation, a guest studio that could be a deluxe home office and an entire upper level devoted to parents with, of course, the best views in the house. Set on more than half an acre behind iron gates and giant cypress hedge, lashings of Pietra grey limestone, marble and custom-made iron detail deliver stunning finishes throughout. Five living areas all have defined uses including a glass conservatory looking out to the bay, a large theatre/music room, grand formal lounge and a choice of divine alfresco terraces. A rear laneway accesses a double garage that steps straight into the kitchen scullery and the outstanding French-inspired kitchen, while two more double garages with height for a boat.

- Breathtaking full refurbishment with the finest of finishes
- Steps from Mills Beach & minutes to Main St shops

- Grand formal lounge flowing into conservatory lounge
- Large dining room opening out to terrace with BBQ kitchen
- Basement-style music room/theatre with glass wine cellar
- Master suite with viewing balcony & retreat lounge
- Master ensuite with twin rainshower, slipper bath and cuisinette
- Guest studio with ensuite or home office
- 4-car garages for collectors or a boat
- Firepit sitting area with benchseats overlooking gardens
- Mud room bathroom for beachgoers

UPDATE ON COVID-19 PROTOCOLS
Private inspections for properties one on one are now permissible
They are not to be any longer than 15 minutes
They can be attended by 1 agent and 10 prospective purchasers

Property History for 29-31 Morell St, Mornington, VIC 3931

A timeline of how this property has performed in the market
Last Sold
$7,250,000
05 Jul 2023
  • 05 Jul 2023
    Sold for $7,250,000
  • 20 Nov 2020
    Listed for Sale CONTACT AGENT
  • 18 May 2015
    Sold for $2,500,000
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About Mornington 3931

The size of Mornington is approximately 21.3 square kilometres. It has 58 parks covering nearly 13.4% of total area. The population of Mornington in 2011 was 22,421 people. By 2016 the population was 23,995 showing a population growth of 7.0% in the area during that time. The predominant age group in Mornington is 60-69 years. Households in Mornington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation. In 2011, 71.5% of the homes in Mornington were owner-occupied compared with 71.6% in 2016.

Mornington has 15,491 properties. Over the last 5 years, Houses in Mornington have seen a 31.27% increase in median value, while Units have seen a 26.81% increase. As at 31 August 2024:

  • The median value for Houses in Mornington is $1,047,818 while the median value for Units is $784,008.
  • Houses have a median rent of $680 while Units have a median rent of $570.
There are currently 64 properties listed for sale, and 13 properties listed for rent in Mornington on OnTheHouse. According to CoreLogic's data, 550 properties were sold in the past 12 months in Mornington.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.