7 days ago
Kilsyth estate with Buddhist shrine tipped for $7m+ record sale
A sprawling property in Melbourne's east featuring a Buddhist shrine, Mongolian-style yurts and mini golf course is set to swing a record $7m-$7.7m sale.
The impressive 2.63ha address also boasts its own lake, tennis court and a three-bedroom house at 6 Glasgow Rd, Kilsyth.
Records show the home set the suburb's $3.88m residential price benchmark when it last sold in 2022, with the current asking range set to almost double that figure.
Golf tragics will find this tee-rrific
Professionals First & Co sales director Vanessa Cao said the owner had significantly updated the home across the past three years.
Using his background in real estate development and landscape design as inspiration, the owner gave the entire property a new look by including renovating the house and installing the shrine and two yurts – round tents historically used by Central Asian nomadic groups, included Mongolians.
The owner also transformed the previously 'dated and rundown pool' into a Balinese resort-style area complete with plenty of greenery and a sauna.
Ms Cao said the Buddhist shrine was for personal use although the homeowner's friends of the same faith were welcome to visit it when they came over.
Other highlights include a pavilion on the lake, an outdoor barbecue pavilion, home theatre, vegetable garden and 480sq m warehouse.
The yurts currently serve as short-term rental accommodation in addition to providing a place for the owner's friends and clients to stay.
The property would make an ideal family or wellness retreat, boutique accommodation, glamping resort or events' venue subject to council approval, Ms Cao added.
'It has commercial potential and also comes with the private lake, multiple accommodations for guests and friends and entertainment zones so it has very unique features,' she said.
'It has a lot of possibilities and the main house itself is beautiful – if someone is buying it for a private family retreat or a family home, it's ready to move into.'
The residence is for sale via expressions of interest.
