$3.75m Eaglemont auction shocks buyers

This grand Eaglemont home drew three fierce bidders and sold for $3.75m, thanks to its rare land, luxe finish and reserve frontage.

A stunning Eaglemont home backing onto one of Melbourne’s most exclusive reserves has fetched $3.75m under the hammer.

One bidder was so determined to purchase the property, their buyers advocate was still calling agents after the auction to find something similar.

The prestige property at 8-10 Maltravers Rd was the city’s top auction sale of the weekend.

The auction drew three serious contenders and smashing local expectations thanks to its rare land size, luxury finish and position on the tightly held Maltravers Reserve.

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Nelson Alexander Ivanhoe’s Nunzio Sulfaro said buyers saw value immediately in the 1475sq m block and move-in ready finish.

“Buyers are craving simplicity, they’re willing to pay a premium for a home they can move into, unpack, and enjoy,” Mr Sulfaro said.

“This one had flexibility, scale, privacy, and lifestyle.

“You couldn’t rebuild it for what it sold for.”

The formal living room offers a peaceful retreat with garden outlooks and timeless styling that wowed buyers at inspection.

Elegant and light-filled, the front living zone flows seamlessly into the home’s multiple entertaining and dining spaces.

The five-bedroom home, which offered two kitchens, multiple living zones and 400sq m under roofline, passed two building inspections “without a hitch”, according to Mr Sulfaro.

Bidding kicked off at $3.3m before climbing in a strategic standoff between three buyers, two represented by professionals.

“We didn’t know early on how big this one would be, everyone kept their cards close,” Mr Sulfaro said.
“But once the building reports came through, it lit up. That’s the magic of auctions.”

A cosy sitting area adds a layer of warmth and functionality, perfect for reading or relaxing away from the home’s larger living zones.

The main kitchen features high-end appliances, stone benches and a full butler’s pantry, rarely used by the vendors, but loved by buyers.

The spacious dining room sits at the heart of the home, with garden views and enough room to host extended family gatherings.

A full second kitchen was used daily by the vendors — offering practical dual-living appeal and a layout ideal for large families.

The standout feature? Mr Sulfaro said the kitchen and living zone that opened to a landscaped garden and entertaining deck with uninterrupted reserve views.

“Buyers would walk in and stop, that rear aspect was the emotional hook,” he said.

“Buyers are avoiding the in-between (listings), they’ll do a knockdown or they’ll go all-in.
“What they don’t want is a half-done reno job with years of headaches.”

The elegant front entry sets a grand tone with landscaped gardens, circular driveway and leafy reserve surrounds.

The huge backyard includes a fire pit, garden shed and space to add a pool or court, all backing directly onto Maltravers Reserve.

The Nelson Alexander Ivanhoe agent said the reserve-fronted location, land size and family-friendly layout rivalled homes in Kew East and Balwyn North, but offered far better value.

“One of the buyers advocates bidding told me: if this home were in Stonnington or Boroondara, you’d be paying $1m more for half the land.”

“Despite the mid-school holiday timing, the home drew strong interest.

“There was nothing else to compete with, and the result speaks for itself.”