Hidden-away homestead on mountain top with views and income excites buyers

A property atop the Mornington Peninsula’s highest peak creates an ideal holiday setting but with two income streams, you may never want to leave.

The Arthurs Seat gondola lifts tourists to the Mornington Pensinsula’s highest mountain, yet around a kilometre away from bustling crowds at the summit lies a property that will allow a lucky buyer to enjoy the spectacular views in absolute privacy.

The five-bedroom, three-bathroom home at 29 Seamists Drive, Arthurs Seat is set on 5.67 hectares of land on its own little hill atop Arthurs Seat, opposite the State Park and roughly an hour south of Melbourne.

“It has quite a unique aspect. You can look forever for 360 degrees — across green hills to the heads of Port Phillip Bay, out over Western Port Bay and south all the way to Wilsons Promontory,” says owner Adrian Maher.

When the family bought the property in 2020, they hoped it would be their forever home. They’re moving to another part of the peninsula to be closer to family, and Mr Maher admits it will be tough to leave.

“You feel like you’re on holiday every day. You can’t see any other houses or neighbours, just kangaroos, wallabies, echidnas and wedge-tail eagles. It really is one of those places that doesn’t come up very often and if we didn’t have to leave, we certainly wouldn’t.”

The Mahers have completely renovated the home, which carries a guide price of $3.7 million to  $4.05 million, and turned one of the barns into a self-contained studio apartment that they rent out as a holiday let.

“It’s well away from the house and incredibly private. Everybody who comes up here never wants to leave — you have the beautiful open fire and you can just look over the ocean.”

Enhancing the vacation vibe is the home’s private olive grove. Around 100 40-year-old trees produce a commercial quantity of oil and table olives, under management of a local farm — which also exempts the property from land tax.

“A farm harvests once per year and leaves us with around 200 litres of the most amazing olive oil and olives, which obviously you could sell if you wanted to as a nice, juicy passive income.”

The property also features nature trails that trace picturesque Waterfall Creek, which winds through tree-fern lined gullies to a waterfall “that no one on the Mornington Peninsula seems to know exists”, says Mr Maher.

Surveying the land, the single-level, double-brick property is light and spacious, with 4.5-metre ceilings rising to a soaring pitched roof.

“This beautiful home is highly efficient in keeping the heat in and the cold out,” says Mr Maher.

It provides a tempting array of living and dining areas, centred around an entertainment area with a wood-fire heater and glass sliding doors that open to a deck from which to enjoy views across the paddocks to the Bass Strait.

The kitchen features timber benchtops, a freestanding Westinghouse range with electric cooktop, Bosch dishwasher and a traditional farmhouse sink. The master bedroom also provides uninterrupted ocean views as well as an ensuite, walk-in robe and deck access.

Agent Stephen Baster at Marshall White Flinders said the property had received plenty of interest from Melbourne buyers seeking more space and privacy.

“You feel like you’re in the middle of nowhere, yet you’re minutes from local amenities and amazing mountain bike trails.”

He says while the property is wonderful as is, there’s “so much land that it also provides a blank canvas”.

The low-maintenance acreage has unlimited bore water, water tanks, machinery shedding and includes fenced paddocks currently kept “mown” by neighbouring horses.

Located in the heart of the Mornington Peninsula, the property is within easy reach of Mornington and Sorrento, ocean and bay beaches, world-class wineries, hot springs and golf courses — as well as the freeway to Melbourne when you can tear yourself away.

Expressions of interest close on Wednesday April 30 at 3pm.

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