Mt Eliza mortgagee sale secures $3 million
Staff reporterDecember 7, 2020
A sprawling estate at Mosaic Property Group on the Mornington Peninsula sold for $3 million at weekend auction.
The 96 Wooralla Drive offering was hotly contested under mortgagee conditions.
The 2.5 acre property attracted four bidders after an opening bid of $1.7 million through LJ Hooker Frankston.
Selling agent Milton Brown told Fairfax Media he'd been given strict instructions not to advertise the property as a mortgagee sale.
There had been a $2 million to $2.2 million advertised price range.
The property last sold for $1.42 million in 2006.