A battle between five people to buy a tiny beach box on the Mornington Peninsula, 100km from Melbourne, was won with a mind-blowing bid of close to $1 million dollars.
The boat shed is one of six along the coveted Blairgowrie coastline, and while locals told 7NEWS they thought the winning $900,000 offer was too much, they added, “some people have money.”
It was a win for the previous owner of the powered 18sqm box, who has had the waterfront estate in his family for six decades.
Stream your local 7NEWS free on 7plus >>
The sale smashed the $425,000 reserve set for the seaside gem by nearly half-a-million dollars, which is rare for the area, Bell Property Blairgowrie agent Mal McInnes said.
The record-breaking sale for Blairgowrie was a result more commonly seen in the nearby, mansion-dotted town Portsea, he said.
“It’s a beautiful spot, though, it is, but … $1 million, you can buy a house (for that),” one local told 7NEWS.
“It’s an incredible amount of money. More than I would have thought,” another said.
“It’s too expensive in my opinion … but some people have money,” another said.
McInnes told 7NEWS: “We had no expectations that we would get anything like this sort of result, we’re very, very happy.”
“Not quite as happy as the owners.”
