With just one home sale in 2019 and just eight last year, Main Ridge is among a tight group of Mornington Peninsula suburbs where properties are long held.
But a former dairy farm turned boutique winery at 255 Main Creek Rd is, however, back on the market after three years.
The 4.05ha allotment with a three-bedroom home and acres of fruiting vines has just listed with a $3.2-$3.5 million price guide, Peninsula Sotheby’s managing director Rob Curtain said.
The property previously sold in 2016 for $1.55 million, sales records show.
“Pine Ridge Estate has a lovely location and is a rare listing in a tightly held area,” he said.
“It would suit those starting out and with an interest in a boutique winery.”
The property has established chardonnay, pinot noir and pinot gris vines, with the vineyard under management and not requiring any work by the new owners.
“The 10-acre property is easy to maintain, with the vines between 15 and 20 years old and a winemaker coming in on contract,” Mr Curtain said.
The three-bedroom house on a single level resembles a country retreat and has been renovated for modern family living.
The house comes with two bathrooms, a large lounge room, dining area and a contemporary kitchen.
The grounds offer plenty of potential to build a new dream home or an extension.
It also has appeal due to its proximity to eateries, vineyards, golf courses and bay and ocean beaches. The elevated position allows uninterrupted valley views across Main Ridge.
Properties in the suburb with just over 400 residents have strong buyer demand, with just six property listings as at April 18 on realestate.com.au.