Raffle Winner Lists $3.3M Portelli Home for Sale
The real estate market is experiencing noteworthy shifts as Courtney McInnes and Grant Freeman list their “House 2” from The Block 2024 for sale. This property is situated in Cowes, Phillip Island, with an expected price range of $1.7 million to $1.85 million. This price tag is significantly lower than the $3.3 million auction price paid by billionaire Adrian Portelli.
From Auction to Resale
Courtney and Grant’s decision to re-enter the market comes less than a year after achieving a remarkable profit of $1.35 million from the property’s auction. Beyond this impressive figure, they are now looking to sell their home for nearly $1.5 million less than its auction price.
Portelli’s Real Estate Ventures
Adrian Portelli’s purchase of all five Phillip Island homes for a cumulative $15.03 million during the same auction made headlines. Following the acquisition, he offered the properties through his LMCT+ rewards platform, where one winner opted for $8 million in cash rather than ownership.
Property Highlights
House 2 features a “moditerranean” design style, combining modern aesthetics with Mediterranean influences. Here are some of its standout features:
- Four bedrooms and three bathrooms.
- Open-plan kitchen connected to an inviting living area.
- North-facing undercover entertaining deck.
- Private plunge pool.
- Access to shared resort-style amenities, including a pool, cinema, and tennis court.
- Fully furnished with new appliances and decor.
Realtor Insights
Camille Morris from Stockdale & Leggo Phillip Island highlights the home’s pristine condition, suggesting it remains almost untouched since its completion. “It presents as a near-new, move-in-ready offering,” she commented. Furthermore, every piece of furniture, art, and appliance is included in the sale, making it appealing for both holiday seekers and short-stay investors.
Market Expectations
The expressions-of-interest campaign for House 2 remains open until April 2, unless an acceptable offer is made beforehand. This property, embedded within the Justice Road development, promises access to various communal amenities, attracting potential buyers who appreciate both luxury and convenience.
As the real estate landscape continues to evolve, the McInnes and Freeman listing adds an intriguing chapter to the story of The Block 2024 and its impact on the Phillip Island market.
