Rye house sells at $1.19 million after just three weeks

A newly built Rye home has been sold after just three weeks on the market.

The 30 square offering was a bespoke residence on a private 1,280sq m block with a Moonah forest backdrop.

The single level home sits on a 1275 sq m block that cost $333,000 in mid-2015.

The design plans were prepared by Mark Dixon for the Stepic family syndicate.

There is a glimpse of the South Channel marker along with the Melbourne city skyline to the North.

The Tyrone foreshore and Whitecliffs beaches are close along with Blairgowrie village.

It came from the moonahblue portfolio which includes other Rye new-builds for sale as well as the historic TB guest biscuit factory conversion in West Melbourne.

It had been architecturally designed to focus on modern space preferences, with living and master areas wrapping around a central alfresco deck which overlooks the pool.

It came with three bathrooms, including master ensuite.

The property sold through Martin Huntley and Josh Callaghan at Fletchers Mornington Peninsula.

The street's last sale was 2a which fetched $655,000 through Ray White. The street's highest prior sale was $810,000 in 2010.