515 Grasslands Road

A breathtaking 46.5 acre coastal holding delivering award winning olive oil, an industrial chic family residence of rare scale, commercial shedding infrastructure and sweeping views across Bass Strait and Port Phillip Bay, this is one of Cape Schanck's most compelling lifestyle and income properties. Cocooned in total privacy at the end of a long tree lined drive, 515 combines the romance of a working olive grove with a sprawling single level modern residence, resort style pool, boutique vineyard and serious agricultural infrastructure, minutes from The National Golf Club, beaches, Rosebud Shopping Precinct and Peninsula Link. The striking industrial chic home features soaring ceilings, arched steel framed windows and polished concrete and parquetry flooring, with expansive open plan living and dining zones oriented to capture mesmerising coastal and hinterland views. Seven-bedroom accommodation on one level includes an indulgent main suite with large ensuite and robe, plus multiple guest suites ideal for multigenerational living, alongside flexible bedrooms/retreats that can double as home offices or studios. A designer kitchen with long island, quality appliances and walk in pantry anchors the entertaining spaces, while hydronic heating, Philippe Cheminee wood fires and ceiling fans ensure year round comfort. Outdoor living is resort style, with a heated inground pool framed by paved terraces, lawns and established natives, a covered alfresco deck for all weather dining and sunset drinks, fire pit terrace and generous level lawns for large scale gatherings or kids and pets. A separate self contained one bedroom unit with its own living, kitchen, bathroom and veranda is perfect for guests, extended family, caretaker or potential short stay income (STCA). Set on approximately 46.5 acres (18.84ha) of gently undulating, highly usable land, the property includes an established olive grove producing award winning extra virgin olive oil under the 515 brand, small boutique vineyard, veggie gardens, orchard and native plantings, plus substantial farm infrastructure with machinery sheds, work shed with offices and cool room, storage bays and containers, greenhouse, water tanks, dam, horse shelter, paddocks and cattle yards. Extensive income producing storage facilities currently generate around $100k p.a. from secure storage, with clear potential to continue or diversify, subject to approvals. Proudly marketed by the team at Peninsula Sotheby's International Realty.