One of Bayside’s most significant compounds is set to hit the market in Brighton next week with a $46-$50 million price guide.

Teychel, at 16 Moule Avenue, Brighton, is a 4500 sqm (approx.) grand estate of sprawling beachfront grounds in Brighton’s prestigious Golden Mile.

It has had only two owners in its century-long history and last sold in 1971.

“Teychel is the most significant property to be offered for sale in the Bayside market in the past 50 years,” Kay & Burton Managing Director Ross Savas, who is handling the sale, said.

“The local and national market will no doubt be keeping a close eye on this landmark offering, but it will undoubtedly attract extensive interest from across the globe due to its significance and absolute beachfront position.

“With the Australian dollar at its current level, the international market will see a lot of value in securing a generational family compound on such a substantial landholding.”

The remarkable property occupies a privileged panoramic position, with pristine water views that stretch to boats at anchor at the Brighton Yacht Club and across the bay.

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The grounds feature beautifully landscaped gardens, rolling lawns, a swimming pool, tennis court, boat shed and housekeeper’s cottage.

The single-level, three-bedroom home was last renovated in the 1970s and is reminiscent of the era with elaborate mantlepieces, distinctive wallpaper, a distinguished study, marble ensuite, and a reception hall that opens to a French-inspired sitting room.

Mr Savas said prospective purchasers would likely look to renovate and extend or build a brand-new trophy home (STCA).

“Teychel is an iconic once-in-a-generation opportunity to establish a lifestyle like no other,” Mr Savas said. “When the property last sold in the ’70s, the media described it as ‘undoubtedly one of the best blocks in Melbourne’ and that statement holds true to this day.”

“Melbourne’s prestige property market is tightly held with few properties of this scale coming to market. A estate of this significance being offered for sale shows the strength and resilience of our market.” 

'Teychel' will be offered via an International Expressions of Interest campaign.

For more information and to view listing click here.

To arrange a private inspeciotn phone or email Ross Savas of Kay and Burton or Alex Schiavo of Kay and Burton via the contact forms below.