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A once-planned championship golf course site at Fingal has been snapped up by a private buyer, locking away one of the Mornington Peninsula\u2019s largest residential landholdings.<\/p>\n
A plan to build a championship golf course on one of the Mornington Peninsula\u2019s biggest coastal landholdings has been quietly shelved, with a Melbourne buyer snapping up the rare Fingal site and locking it away as a private estate.<\/p>\n
The almost 12ha property at 265 Sandy Rd, Fingal<\/a>, widely regarded as the largest residential land parcel in the tightly held pocket, sold earlier this year after attracting interest from cashed-up private buyers chasing scale, privacy and long-term land security.<\/p>\n While the price was not officially disclosed, property insiders say the land changed hands for circa $3m in August, well below the $5.5m.<\/p>\n RELATED: Bourke St buyers bet big on revival The premier view of Geelong with lavish $6.3m home The seller was represented by RT Edgar agent Cameron Gulliford, while Jones Real Estate advised the buyer.<\/p>\n Jones Real Estate managing director Paul Jones said the Land\u2019s backstory and its sheer size made it one of the most unusual residential opportunities to trade on the Peninsula in years.<\/p>\n \u201cMy understanding is the project did reach the permitting stage for an 18-hole championship course,\u201d Mr Jones said of the abandoned golf plan.<\/p>\n \u201cSignificant groundwork had been done, including irrigation and water licences, but ultimately the project didn\u2019t proceed and the land later returned to private ownership.\u201d<\/p>\n Jones Real Estate managing director Paul Jones said the scale and coastal proximity of the Fingal landholding made it a once-in-a-generation residential opportunity.<\/p>\n The failed golf course proposal has lingered locally for years, adding intrigue to the site, which sits close to major Peninsula drawcards including Peninsula Hot Springs, St Andrews Beach Golf Course and the Sorrento-Portsea coastal strip.<\/p>\n Mr Jones said the buyer, a Melbourne-based purchaser with other Peninsula holdings, was drawn to the rare mix of scale and proximity.<\/p>\n \u201cThis is around 12ha of genuine residential land at the prestige end of the Mornington Peninsula,\u201d he said.<\/p>\n The expansive Fingal landholding at 265 Sandy Rd spans about 12ha, making it one of the largest residential parcels in the tightly held coastal pocket.<\/p>\n \u201cWhile it\u2019s technically Fingal, the property sits closer to St Andrews Beach and within about 10 to 15 minutes of Portsea and Sorrento.<\/p>\n He said it was likely the largest residential landholding within a 15 to 20-minute drive of Portsea.<\/p>\n \u201cThere may be larger parcels nearby, but they\u2019re working farms,\u201d Mr Jones said.<\/p>\n \u201cThis is genuinely residential land, and that\u2019s what sets it apart.\u201d<\/p>\n RT Edgar agent Cameron Gulliford represented the seller in the off-market-style transaction at 265 Sandy Rd, Fingal.<\/p>\n Green wedge zoning and environmental overlays limit development at the Fingal site, instead favouring long-term lifestyle or private estate use.<\/p>\n Unlike many large Peninsula land deals, the purchase was not driven by development upside.<\/p>\n Green wedge zoning and environmental overlays restrict intensive development, ruling out subdivision or house-and-land projects, but allowing for a high-end lifestyle estate.<\/p>\n \u201cThe buyer\u2019s intention is long-term land banking and creating a private compound, a true Peninsula retreat,\u201d Mr Jones said.<\/p>\n The Fingal property sits close to major Peninsula drawcards including St Andrews Beach and the Sorrento and Portsea coastal villages.<\/p>\n \u201cHere, the appeal was being close to Sorrento and Portsea while still having absolute scale and privacy.\u201d<\/p>\n Asked what 12ha delivered that even prestige homes could not, Mr Jones said the answer was simple.<\/p>\n \u201cThis isn\u2019t about a big backyard,\u201d he said.<\/p>\n \u201cIt\u2019s about space, seclusion and landscape, rolling coastal land, native vegetation and neighbours far enough away that you can genuinely disappear.<\/p>\n \u201cAnd to have that just over an hour from Melbourne CBD is something you simply can\u2019t replicate.\u201d<\/p>\n Sign up to the Herald Sun Weekly Real Estate Update. Click here <\/a>to get the latest Victorian property market news delivered direct to your inbox.<\/p>\n MORE: Soaked Melb auctions stun with wild wins<\/a><\/p>\n Mickleham buyers scramble for \u2018flawless\u2019 family home<\/a><\/p>\n
Final Melb riverfront lots spark west rush<\/a><\/p>\n
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