Former Computershare director Michele O'Halloran returns to Portsea

The former Computershare director Michele O'Halloran, who broke the Victorian residential house record when she sold historic Ilyuka, has bought back into Portsea.

It was 2010 when O'Halloran her the clifftop Spanish Mission style mansion to BRW Rich Lister John Higgins for $26 million.

The eight bedroom, eight bathroom home stood as the state's most expensive until late last year when the Besen home in Toorak sold for $26.25 million.

O'Halloran paid $7.5 million for the home in 1999.

Her buy back into the Mornington Peninsula has been a little more modest as she's spent $6.2 million on a nearby home that sits between Ilyuka and Port Nepean Road (above and below).

The contemporary five bedroom home opens to the swimming pool.

This article was first published in The Weekend Australian.