Rovina at Portsea sells for $10.7 million

The clifftop Rovina estate which was the season's top Portsea property offering, has been sold for $10.7 million, well above its $8 million-plus price guidance.

CoreLogic RP Data put the seaside suburb's median house price at a record $1.8 million.

The five bedroom home has a Mediterranean villa influence interpreted by society architect Geoffrey Sommers.

The eclectic home comes with a separate bluestone cottage at the 3808 Point Nepean Road holding on Fishermans Beach accessed via a private walkway. 

Gerald Delany and Liz Jensen of Kay & Burton had the property inconjunction with Warwick Anderson and IIze Moran at RT Edgar.

It last sold in 1983 at $714,000 under mortgagee instructions through RT Edgar having previously traded at $450,000 in late 1977.

Businessman James O'Connor's 1983 sale came after his Mercedes dealership, Kew Star Motors hit some financing issues in the recession. 

The 1983 Rovina transfer paperwork was to Pacrana Pty Ltd, a company associated with Brighton businessman Brian Davis, the octogenarian 1950s founder of the Australian housewares company Décor Corp.

Rovina headlined Portsea's summer of limited 2016 prestige property listings in January.