This classic Mornington Peninsula estate affords its new owners the opportunity to create a dream life on approximately 43 acres (17.4 ha approx.) of far-reaching pastures, with views that take in the entirety of Phillip Island. 

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The property is the estate of the late Elma Cole from the prominent Cole family, who were the pioneer settlers of Merricks and owners of the well-known Minto Estate.

Elma Cole devoted her days to breeding thoroughbreds on the property. Such thoroughbreds include Sandown winner, Mare Mannatilla who was the dam of many subsequent champions, including Mann Miss, which won a stakes race on Cox Plate Day in 2006.

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With a name aptly meaning “good view or outlook”, the existing house Tillabudgery delivers a traditional layout featuring all of the credentials for a grand family lifestyle.

Formal and casual living and dining spaces take advantage of magnificent outlooks across the property towards the water, complemented by four bedrooms, a home office and three bathrooms along a ranch-style arrangement.

New owners can reimagine the beautifully located residence into a sublime rural retreat for the ages, or start over with a new build (S.T.C.A) to take full advantage of its revered position on the very edge of Balnarring township.

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“Held by the same family, this is the first time Tillabudgery has been on the market in decades,” Tom Barr-Smith told LUXURY LIST WEEKEND.

“It’s a great address offering mains water, multiple new house sites and huge potential, with fabulous, expansive rural and Westernport views including the Nobbies and Seal Rocks.”

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An abundance of amenities lends perfectly to equestrian ventures, including a freestanding powered workshop, a 24.0 x 12.0 (approx.) stable complex, a manège, ample water storage and multiple paddocks with shelters. 

The exceptional location is set within a 4-minute drive of Balnarring Village Shopping Centre and just 6 minutes from the beach, with acclaimed wineries, farm gates and epicurean experiences all within easy grasp.

Source: Kay & Burton

The Auction will be held on 26 February 2023 at 12pm.

To arrange a private inspection or enquire about a price guide phone or email Tom Barr Smith, Will Maxted, or Meg Pell of Kay & Burton via the contact form below. 

To view the listing or for more information click here.

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