Designer couple sell Portsea property

Nicholas Condon, former managing director of advertising agency DDB, and his interior designer wife Kate Beadle have snappily sold their Portsea property.

They had initial $3.65 million expectations for the Duffy Street beach home built in 2016, after the couple paid $1,105,000 two years earlier.

Blending classic beach house with 21st century refinement, the quintessential Morninington Peninsula holiday home has four bedrooms, three bathrooms and a swimming pool.

Kay & Burton agent Liz Jensen handled the marketing. The three interested buyers, with two on speaker phones in the late post-auction afternoon negotiations, saw it sell at $3.5 million plus.

Condon stepped downs ad DDB's managing director in 2013 to partner with Kate to develop property.

Last year they transformed an Armadale home which sold for $900,000 over reserve.

The five bedroom house sold for $5,925,000, three years after the couple paid $2,022,000 for what was then a Federation-era period home.

 This article was first published in the Weekend Australian.