Sandstone Island passed in after auction marooned on one bid

Sandstone Island passed in after auction marooned on one bid
Sandstone Island passed in after auction marooned on one bid

The auction for Sandstone Island, about 600 metres off the Mornington Peninsula coast, ended with a single bid.

The Victorian island property was passed in at $1 million.

The 22.25 hectare island is about 1 kilometre from Hastings.

It comes with two beaches, a yacht mooring and a house on it.

The Herald Sun reported a crowd of about a dozen attended the auction.

Pre-auction feedback had ranged from $3 million to $5 million.

Five Melbourne families combined to buy the island 18 years ago.

They had tried to sell it in 2015 for about $5 million.

The island was first settled in 1854 by the Rogers family.

Tags: 
Mornington Peninsula Island Listing

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