A country escape at 534 Donaldsons Rd, Ancona, sold to interstate buyers from Brisbane.
The multimillion-dollar sale of a luxury “Ubud”-style country escape in Victoria’s high country has set a new record.
Interstate buyers from Brisbane purchased the five-bedroom resort-style home at 534 Donaldsons Road, Ancona, for $4m last month.
CoreLogic records show the stunning 19ha property designed by award-winning architect Steve Domoney and his wife Lek sat on the market for 463 days.
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The home was on the market for 463 days after being listed shortly before the pandemic hit.
Award-winning architect Steve Domoney designed the property.
It sold smack bang on its quoted $4m price range.
The sale set a new price record for Ancona, according to CoreLogic records, after trumping the $3.825m sale of a farm at 501 North Creek Road in 2007.
McGrath Mansfield agent Kate McDougall said the pandemic delayed the sale but she always knew the right buyer was waiting in the wings to snap up the “incredible” address.
“It was all about not just price but the custodians that would take it over, because it was built from scratch by the previous owner,” she said.
McGrath agent Kate McDougall said there was big demand for tree-change homes post-lockdown.
The vendors decided to sell so they could move onto another project.
Mr Domoney and his wife bought the block, which was occupied by an old barn, in 2009, according to CoreLogic records.
Ms McDougall said they then worked for 10 years as a “labour of love” to transform it into a “Ubud”-style resort.
The floorplan features a central barn surrounded by four pavilions.
Expanses of lawn among sprawling fields.
“When you see what they (the vendors) purchased and what they created, it’s incredible. They will eventually do a smaller project in and around the area, so I’m on the hunt for a smaller property for them,” she said.
A central barn is home to a casual living and dining space and surrounded by four pavilions.
Two bedrooms, two bathrooms, a mezzanine studio and a retreat are included in the main pavilion.
Ms McGrath said the style of the home was reminiscent of a resort in Ubud.
The second pavilion has an entertainment zone, lounge room with a wood fireplace, drinks station, cellar and a wet bar, as well as a custom-built billiards table that converts into a banqueting table.
A guesthouse is located in the third pavilion, and the fourth pavilion contains a hobby studio, workshop and space for a garage or equipment room.
The established gardens were a big drawcard.
Ms McDougallsaid the sale was an outstanding result for the area and indicative of the appetite for premium country homes post-lockdown.
“We have buyers registering their interest with us every day,” Ms McDougall said.
The original barn the vendors bought when they purchased the block in 2009.
“There continues to be not enough property coming onto the market to meet buyer demand.”
Ms McDougall said one of the big drawcards of the property was its stunning gardens, which were reminiscent Thailand, Bali or Tuscany.
Ms McDougall said the property’s transformation was “incredible”.
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rebecca.dinuzzo@news.com.au