Sandstone Island off Mornington Peninsula listed for November auction

Sandstone Island, which is an island off the Mornington Peninsula, has been listed for sale.

Ray White Rural Victoria agent Jason Hellyer said the 22.25 hectare island was a “blank canvas”.

Buyer feedback had ranged from $3 million through to $5 million, according to the Herald Sun.

The island is 600 metres off the coast, about 1 kilometre from Hastings.

It is accessible via boat or helicopter.

The property was been offered by a consortium of five Melbourne-based families.

It features a two-storey red cedar house that has fallen into disrepair.

There are two private beaches and a mooring site for watercraft.

Sandstone Island will be auctioned November 21.

In early times the island was used as a heifer station in the 1840s.

By the 1890s a young occupant was able to walk across at low tide to school at Hastings.