'Treasure' of Australia's rich-and-famous suburb commands up to $18 million hopes

One of the great untouched homes on the Golden Mile in Australia’s suburb of the rich-and-famous has been listed with price hopes of $16.5 million to $18 million.

The art deco-era masterpiece, only a block from the water in Brighton, Melbourne, is freshly listed after half-a-century in the loving owners’ hands.

Expressions of Interest

7 Martin Street, Brighton VIC 3186

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“This is one of the enduring treasures of Brighton’s Golden Mile, and one of its greatest opportunities as well,” the Forbes Global Properties’ listing explains.

“Set upon some 2500 square metres, just steps from the beachfront, the five-bedroom art deco masterpiece has been held by one family for over half a century. And to come here is to know why it offers a quality of life that is hard to find, and even harder to leave.”

Time has stood still at the property, which is perfectly preserved, demonstrating the best of architecture and design from decades gone by.

Art deo’s signature elegance is present in the home’s delightful curvatures, from the bar, to the staircase and windows, all as gleaming as they though they were built yesterday.

A charming his-and-hers dressing room in shell pink and a sage-green bathroom with a baby pink vanity and tub will delight retro aficionados.

So substantial is the main bedroom, it includes its own lounge area, and is as private and spacious as a self-contained dwelling.

“Marble fireplaces, ornate cornices, and glorious decorative tiling right across the home bring a touch of Gatsby-era glamour,” the listing says. “The principal bedroom has its own sitting room and feels like its own private apartment.”

Forbes Global Properties’ Robert Fletcher and Tracey Tian Belcher are looking after the listing.

Expressions of interest close at 4pm on September 17.

Properties in this neck of the bayside are among the most prestigious in Australia. Brighton is home to sports stars, corporate goliaths and generational homeowners whose estates are so special, they passed down and retained in families.

The suburb record was broken only eight months ago with a $40 million-plus deal, which speaks to the depth of the area’s luxury market.

Beachfront compound Teychel was listed with a price guide of $39.9 million to $43.89 million and sold within the range, The Age reported, crediting  two sources who were unable to confirm the sum or details on the record.

Brighton is spoken of with the same reverence reserved for Toorak, which holds Victoria’s $88 million house price record.

Some of the celebrities to have owned real estate in Brighton include the late Shane Warne, former Aussie cricket captain Ricky Ponting, retired Brownlow Medallist Chris Judd and his fashion designer, presenter and model wife Bec and a handful of current-day AFL stars.

The colourful beach boxes on the Dendy Street Foreshore are a motif of the suburb and a major attraction alongside meandering walking coastal walking tracks, elite nearby schools and the Brighton Baths.