Port Melbourne Californian bungalow sells for record $4.51m

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The rare Californian Bungalow on Bridge St sparked a bidding war, selling for $4.51m in Port Melbourne’s top auction result.

A Port Melbourne bungalow has smashed the weekend’s auctions, selling for $4.51m in Melbourne’s top result for the weekend after fierce bidding.

The 75 Bridge St property, a transformed 1920s Californian bungalow, was bought for $1.85m in 2013 and has more than doubled in value in just 12 years.

The result places it well above the suburb’s current median house price of $1.585m, highlighting the strength of demand for prestige family homes in inner bayside pockets.
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Marshall White Port Phillip director Justin Holod said the sale drew fierce family competition and underscored how rare fully renovated properties of this scale were in the area.

“It really suited families, three families had a big crack at it,” Mr Holod said.

“That competition is what pushed the price to an unprecedented level.”

Bidding opened at $3.6m before climbing well past expectations.

The chef’s kitchen features Bosch ovens, walk-in pantry and a custom hardwood bar.

Oversized kitchen flows into a dining space framed by striking wall-to-ceiling bookshelves.

The successful buyers are a family moving into Port Melbourne from outside the area, keen to secure a forever home close to the bay, transport and Albert Park College.

Mr Holod described the home as a “one-in-ten-year proposition”.

“Agents throw around the words ‘rare opportunity’ all the time, but this one really was,” he said.

“You just don’t see homes of this scale, renovated to this level, with a floorplan and inclusions that tick every single box for a modern family.”

Expansive living zones connect seamlessly to the entry corridor and front door.

A private media lounge doubles as a family cinema retreat.

The sellers, who had anticipated a lower figure for the result, were “over the moon”.

“It’s was an opportunity that pulls at the heartstrings,” Mr Holod said.

“Well-renovated homes like this are hard to come by.

“Presentation is key, and it’s what sets the very best homes apart.”

A panoramic rooftop terrace delivers rare front-row views of Melbourne’s CBD skyline.

North-facing alfresco deck and garden create a private entertaining haven.

Those inclusions stretched beyond five bedrooms and three bathrooms to a gym, pilates room, dual studies, Bosch appliances, a custom hardwood bar and a rooftop terrace with sweeping skyline views.

Heritage leadlight windows were retained to blend character with contemporary style, while north-facing alfresco areas and a landscaped garden added to its family appeal.

The home’s history adds another layer of intrigue.