Brighton house price record smashed by $30 million-plus deal

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Brighton house price record smashed by $30 million-plus deal

By Elizabeth Redman

The Brighton house price record has been smashed after a stunning waterfront residence sold for at least $30 million.

The five-bedroom home at 39 Seacombe Grove was listed with price hopes of $30 million to $33 million and traded within the price range.

This Seacombe Grove residence has set a new Brighton house price record.

This Seacombe Grove residence has set a new Brighton house price record.Credit:Buxton Real Estate Brighton

Public records list the owner as Deborah Barlow, representative of the deceased estate of Beverley Barlow, who was a co-owner of the 7-Eleven empire. The home last traded for $22 million in 2015.

A sale at this level eclipses the previous record in the sought-after bayside suburb, set at $25 million last year for a contemporary Kent Avenue residence sold by the Zagame restaurant family.

But the new record may not stand for long, as its neighbour at 16 Moule Avenue has been listed with a guide of $46 million to $50 million.

Buxton Real Estate Brighton selling agent Ben Vieth concluded the latest deal on Monday night after receiving several expressions of interest. He confirmed the sale and said it was within the quoted price range but would not be drawn on the exact price or details of the buyer.

The home offers plenty of space to entertain.

The home offers plenty of space to entertain.Credit:Buxton Real Estate Brighton

“It is probably the best beachfront property in Brighton,” he said. “The significance of it was that it was absolute beachfront.”

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He estimated completing a similar build today could cost between $20 million and $30 million.

The home has a pool and gym.

The home has a pool and gym.Credit:Buxton Real Estate Brighton

Buyer’s advocate Matt Cleverdon, of Morrell and Koren, acted for the purchaser. He confirmed the deal but declined to name the buyer, saying only they were Melbourne-based.

Views over the bay.

Views over the bay.Credit:Buxton Real Estate Brighton

The Seacombe Grove pad set on a land parcel of about 1420 square metres boasts water views, a heated infinity pool/spa, various living spaces – including a grand dining room – a conservatory, music room, library and home office, billiards room, home cinema, bar, wine lounge, cellar, gym, internal lift and garage space for 12 cars.

Brighton’s median house price was $3.115 million over the 12 months to September, down 2.2 per cent from the previous year, Domain figures show.

The property also boasts a wine lounge and cellar.

The property also boasts a wine lounge and cellar.Credit:Buxton Real Estate Brighton

Melbourne’s house price record is the $80 million paid for a Toorak knockdown-rebuild this year by crypto king Ed Craven.

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