A “private resort” with its own man-made lake is poised to blow Pakenham’s residential price record out of the water.
Phil and Cheryl Harman built the almost 9ha estate at 35 Leppitt Rd “from scratch” over about four years, turning bare land into one of the area’s best homes.
They’re now selling the landmark property with a $4.9-$5.4 million price guide that’s about 10 times the fringe suburb’s $521,000 house median.
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CoreLogic records show the property is also poised to shatter Pakenham’s $1.65 million residential benchmark, held by a four-bedroom house on 16.77ha at 240 Pakenham Rd.
The houseproud Harmans said they had created a home where they always “felt like we were on holidays, our own private resort”.
Ms Harman said they were quite hands-on throughout their “labour of love”. Her husband’s building industry background came in handy, plus the fact they’d constructed several other houses, including an award winner in Tyrnong North.
The process involved cleaning up the initially vacant property, installing fencing and sheds, creating 2ha of landscaped gardens, and building a quality four-bedroom house and a lake that sprawls over an acre (0.4ha).
Mr Harman said he’d miss their nightly pre-dinner ritual of sitting on a landing over the lake “having a drink and feeding the fish” that inhabit it.
It also serves the practical purpose of irrigating the property’s gardens, which the Harmans are still adding to.
They’re reluctant to move on from their beloved property. But with plans to spend more time at their other homes interstate, Mr Harman said it was the right move.
“My wife still thinks I’m crazy for putting the house on the market,” he said.
She added: “It’s just got a good feel to it. Every time visitors come, they say they feel quite calm.”
Kaye Charles Real Estate selling agent Jeanine Presley said the unprecedented property would undoubtedly rewrite Pakenham’s record books.
“You pull into the driveway and you’re in your own world,” she said.
It borders up-market Beaconsfield Upper, and also looks set to beat that suburb’s $3.27 million record, held by a five-bedroom mansion at 60-62 St Georges Rd.
Pakenham was one of Australia’s biggest property markets by value last year, with buyers splashing $607.6 million on houses, according to CoreLogic.