Wachtel headlined Easter Portsea offerings

Wachtel headlined Easter Portsea offerings
Wachtel headlined Easter Portsea offerings

Future Fund board member Michael Wachtel and photographer wife Linda headlined the Easter weekend Portsea auction listings.

It was passed in at $1.26 million and sold soon after.

There were 27 auction across the Mornington Peninsula the weekend.

The couple's  long-time Back Beach Road weekender was been listed after the Australia Day weekend auction acquisition closer to the bay.

The couple paid $660,000 for the home in 2004.

Kay & Burton agent Liz Jensen has been marketing the home as a 'charming Portsea beach house'.

The classic 'L' shape holiday home has five bedrooms, three bathrooms and a north-facing entertaining sun deck that flows from the kitchen, dining and living spaces.

Wachtel, who is also an advisor at Credit Suisse, spent $1.95 million on Blair Ridge which came with Fiona Brockhoff designed gardens.

It's been a busy time for Wachtel, who also sold his long-held Toorak home last month at a private auction for just under $8 million to Fraser Wilkinson of Wilkinson Electronic Document Solutions.

The Cross Street terrace, which cost $726,000 in the recession-hit Melbourne in 1992, sold through Kay & Burton agents Gerald Delany and Michael Gibson.

They have paid $3.2 million for a 400 sqm Balmerino Ave, Toorak site where they intend building a new town house.

Portsea Residential Sales

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