SOLD
Sold on 21 Apr 2024 for $4,500,000

47-49 Prescott Avenue
Mount Martha VIC 3934

Bedrooms: 4
Bathrooms: -
Car spaces: -
Floor area: 487m2
Land area: 3245m2
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Property Details for 47-49 Prescott Ave, Mount Martha

Building Type
Land
Year Built
1930
Floor Size
487m2
Land Size
3245m2
Local Government
Mornington Peninsula
Lot/Plan
20/LP19992

Last Listing description (April 2022)

Celebrating the grandeur and opulence of an Italian-inspired estate, this is a unique opportunity to experience your very own La Dolce Vita just 200 metres from the sandy shores of iconic South Beach. Claiming one of Mount Martha's most prestigious locations, 'Lazio' - meaning Provence of Rome - proudly sits on nearly an acre (3,600sqm approx.) of glorious land in a quiet, leafy enclave on the corner of Prescott and Lempriere Avenues.

A former golf course clubhouse and favourite relaxation spot for American soldiers during WWII, the private, resort-style estate is now a spectacular family haven where you enjoy a hit of tennis, laze by the swimming pool/spa and host magical gatherings that are sure to be long remembered.


Set amongst a stunning landscape of towering trees, lush green lawn and park-like gardens, the 5-bedroom, 3-bathroom residence offers a staggering 55sq (approx.) of living with potential to make the home your own or start again and re-build the ultimate coastal oasis (STCA).

Capturing the romance of a bygone era with touches of Italian flair, the light-filled property features soaring ceilings, detailed cornices and two ornate fireplaces with luxurious marble finishes and French doors throughout. A granite kitchen with a walk-in pantry, wine cellar, separate tasting room and a magnificent all-seasons alfresco area make this a true entertainer's home, alongside a picturesque outdoor terrace with a water fountain as its centrepiece.

Brimming with sophistication, the elegant master wing boasts an ensuite adorned in Versace tiles with a traditional clawfoot tub as well as a parents' retreat and two balconies including a charming Juliet balcony overlooking the pool.

Completing this extraordinary package is a ground-floor guest suite with a sitting area, study and ensuite, a home gym/studio, ducted heating/cooling, a laundry/powder room plus off-street parking with secure Gate A and Gate B entry points.

A short walk to the village and moments from quality schools, this incredible sea change or holiday sanctuary is just over an hour from Melbourne's CBD.

Property Features:
- 3,244 sqm* block
- 55 squares* of living
- Grand Italian-inspired estate steps from beautiful South Beach
- Gas-heated inground swimming pool & spa
- Full-size tennis court
- High ceilings, detailed cornices & French doors throughout
- Versatile design with multiple living/dining zones
- Kitchen with granite benchtops & walk-in pantry
- Wine cellar & tasting room
- All-seasons entertaining area & outdoor terrace with water fountain
- Elegant master wing with private sitting room & balcony
- Luxurious master ensuite with Versace tiles & traditional clawfoot tub
- Ground-floor guest suite with sitting room, study & ensuite
- 3 further good-sized bedrooms with upstairs bathroom & balcony
- 2 wood fireplaces & ducted heating/cooling
- Home gym/studio
- Secure Gate A & Gate B entry points
- Off-street parking & security alarm
* All measurements and dimensions are approximate

Contact Brad Boyd 0434 260 655

Property History for 47-49 Prescott Ave, Mount Martha, VIC 3934

A timeline of how this property has performed in the market
Last Sold
$4,500,000
21 Apr 2024
  • 21 Apr 2024
    Sold for $4,500,000
  • 12 Mar 2021
    Sold for $4,400,000
  • 10 Dec 2020
    Listed for Sale $4,800,000
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About Mount Martha 3934

The size of Mount Martha is approximately 30.3 square kilometres. It has 43 parks covering nearly 11.5% of total area. The population of Mount Martha in 2011 was 17,087 people. By 2016 the population was 18,552 showing a population growth of 8.6% in the area during that time. The predominant age group in Mount Martha is 40-49 years. Households in Mount Martha are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Martha work in a professional occupation. In 2011, 83.3% of the homes in Mount Martha were owner-occupied compared with 82.4% in 2016.

Mount Martha has 9,598 properties. Over the last 5 years, Houses in Mount Martha have seen a 38.26% increase in median value, while Units have seen a 23.18% increase. As at 31 October 2024:

  • The median value for Houses in Mount Martha is $1,393,145 while the median value for Units is $768,538.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 61 properties listed for sale, and 1 property listed for rent in Mount martha on OnTheHouse. According to CoreLogic's data, 342 properties were sold in the past 12 months in Mount martha.

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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.