A beach box at 26 South Beach, Mount Martha has just sold for a whopping seven-figure sum.
A Mount Martha beach box’s new owner has splashed a massive $1m to secure the shack, setting what is believed to be a new Victorian record outside of Portsea.
The 26 South Beach address sold for six figures above its $650,000-$700,000 asking range in a boardroom auction that lasted about two hours.
Danckert Real Estate director Alex Corradi said although there were occasional reports that beach boxes at nearby Portsea had changed hands for $1m, nothing official had ever been confirmed.
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Last year a Portsea boat shed featuring a small kitchenette did sell for $950,000, with the listing held by Kay & Burton director Liz Jensen.
Also in 2024, a Blairgowrie boat shed fetched $900,000 in a campaign managed by Belle Property Blairgowrie’s Mal McInnes.
Mr Corradi said the Mount Martha beach box was sought after because it was on a private and protected part of the sand – close to houses worth $20m or so that sit above that particular shoreline stretch.
![26 South Beach, Mount Martha - for herald sun real estate](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
Inside the new seven-figure shack.
The beach box sold at a competitive auction that lasted two hours.
“The further south you go on South Beach, the more expensive they (beach boxes) tend to be,” Mr Corradi said.
Although his phone was “running hot” after the listing went up last week, he was surprised by the final sale price.
“We had to two bidders who wanted it at that price point who kept going,” he said.
“It’s really exciting to see how beach boxes are becoming an extension of people’s luxury homes, that sit at that end of the beach.”
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The beach box’s new owner is a Mornington Peninsula local.
Mr Corradi said that Mount Martha was fast becoming “the new Portsea” as more people moved there, attracted by its proximity to Melbourne and amenities such as shops and cafes.
“A lot of people from Portsea and Sorrento have been moving to Mount Martha in the past three or four years.” he said.
The beach box is one of just dozens on Mt Martha beach.
Mornington Peninsula Beach Box Association president Peter Clarke said that most of the boxes sold for between $300,000 to $500,000.
“Anything above the half a million mark is seen as a very good outcome and a sort of outlier,” Mr Clarke said.
He said beach box buyers did not purchase the shacks as property investments but rather a handy spot to keep water-related equipment.
Although beach boxes were often passed down through families, nowadays it was becoming more common for them to be listed for sale, Mr Clarke added.
Inside the Portsea boat shed at 23 Shelly Beach.
Beach boxes are usually located on council or government-owned land and owners are issued with a license to use them.
And sleeping overnight in a Victorian beach box is against the law.
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