Melbourne buyer swoops on private island

RESIDENTIAL PROPERTY

AN expansive private Victorian island, near Phillip Island and French Island, has sold to a Melbourne-based buyer for more than $7 million, after just a month on the market...

Elizabeth Island spans more land than Chadstone Shopping Centre at 26.1-hectares in Western Port Bay. The island has more than 3km of coastland, with two...

James Hatzolos and Zee Sarwri from RT Edgar Manningham managed the sale to a Melbourne-based buyer, after fielding inquiries from buyers based in...

“They said they loved the solitude and having that peace and quiet with their family. And simply the fact they can say they own an island, which not many people can say...

The new owners are looking to use the island as a holiday location in the immediate future, with no long-term plans determined for the property at this stage...

Though the island on a freehold title, includes a private jetty and boasts a permit to build a third dwelling...

“It could continue as an Airbnb, potentially become a health retreat or they might put some tiny container homes on the island,” said Sarwari, agent at...

The previous owner and vendor, Anne Tillig, has held Elizabeth Island since 1997, operating one of the houses as short-term rental accommodation...

Tillig moved to list the island after deciding to downsize, with the island which was listed with a $8.9m-$9.7m asking range before selling just before Christmas day...

Elizabeth Island was also listed in 2018 for $6.95 million but failed to change hands at the time.

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