Stunning $20 million Portsea house snapped up days after hitting the market

A waterfront mansion in one of the Mornington Peninsula’s most sought-after holiday hotspots has been snapped up in a matter of days after listing with price hopes of $20 million to $22 million.

The residence on Portsea’s clifftop boasts knockout views over Port Phillip Bay, as well as a pool and a tennis court.

Known as ‘Moonya’, the Hamptons-inspired home on Point Nepean Road sits on an oversized land parcel of 2802 square metres, and includes six bedrooms, four bathrooms and parking for two cars.

Its vendor was John Fisher, co-founder of furniture design and manufacturing group Zenith Interiors, public records show.

A caveat was slapped on the residence by corporate entity LDML Holdings Pty Ltd, whose sole director is Guy Biran, public records show. Mr Biran leads the practice at JMp Accountants and was formerly a director of online commerce business Catch Group Holdings.

Catch Group was acquired by retail giant Wesfarmers earlier this year for $230 million.

The quick sale suggests strong demand in the top end of Victoria’s coastal lifestyle property market, with the residence appearing in online listings by October 4 and public records showing the purchaser and proprietor agreed on a contract on October 11.

Sotheby’s Peninsula International Realty’s Rob Curtain, the agent on the deal, did not return multiple requests for comment on Tuesday.

The final price paid will become public on settlement.

Portsea’s price record stands at $26 million, which was paid for another clifftop spread that featured eight bedrooms and a private jetty.

Known as Ilyuka, the mansion was sold by Computershare co-founder Michele O’Halloran to rich lister John Higgins, in what was a record-breaking deal for Victoria at the time.