Mount Martha's Most Spectacular Transformation: A $9.9M Resort Oasis on the Bay
When Sharon and Rob Cummings first laid eyes on their property at 413-414 Esplanade, Mount Martha, they saw not what it was — but what it could become. Eleven years later, that vision has been fully realised in a jaw-dropping transformation that has turned a dated two-level residence into one of the Mornington Peninsula's most extraordinary luxury estates, now listed for an eye-catching $9.9 million.
Spectacularly positioned on one of Mount Martha's most significant bay-view landholdings, this resort-style masterpiece sits on a sweeping 3,304 square metre block and delivers panoramic views across Port Phillip Bay and the Melbourne city skyline. It is, in every sense of the word, a statement property — and the market is already paying attention.
From Ordinary to Extraordinary: The Story Behind the Renovation
Eleven years ago, the property that now commands one of the Mornington Peninsula's highest price tags looked vastly different. The vendors describe a home that, while well-located, bore little resemblance to the resort compound that stands today. What followed was not a cosmetic refresh or a surface-level upgrade — it was a complete gutting and reimagining of the estate from the ground up.
The scale of the transformation is difficult to overstate. Every element of the existing structure was reconsidered, redesigned, and rebuilt to meet the exacting standards of contemporary luxury living. The result is a home that feels less like a private residence and more like a five-star boutique hotel — one that just happens to have some of Victoria's most coveted water views as its permanent backdrop.
This kind of long-term commitment to a property vision is increasingly rare in today's fast-moving real estate market, and it is precisely what sets 413-414 Esplanade apart from the competition. The Cummings family didn't flip this property — they lived in it, loved it, and poured years of careful decision-making into every corner of its design.
Resort-Style Living on the Mornington Peninsula
The phrase "resort-style living" is often thrown around loosely in real estate marketing, but at 413-414 Esplanade, it is genuinely earned. The property features an enviable pool zone complete with a dedicated pool house — the kind of outdoor entertaining infrastructure that transforms a backyard into a destination.
The pool area is designed to feel like an extension of the home rather than an afterthought, with thoughtful landscaping, premium finishes, and a layout that maximises both privacy and the spectacular bay views that define the estate. Whether you're hosting a summer gathering or simply unwinding after a long week, the outdoor spaces here offer an experience that is hard to replicate anywhere else on the Peninsula.
Inside, the two-level residence continues the resort theme with generous proportions, high-end materials, and a flow between indoor and outdoor spaces that is perfectly calibrated for the coastal lifestyle. Every room has been considered in the context of the broader estate, creating a sense of cohesion and luxury that permeates the entire property.
Why Mount Martha Remains One of Victoria's Most Sought-After Addresses
Mount Martha has long been regarded as one of the jewels of the Mornington Peninsula, and demand for prestige properties in the suburb shows no signs of slowing. Positioned between the calm waters of Port Phillip Bay and the rolling hills of the Peninsula's interior, Mount Martha offers a lifestyle that combines natural beauty with genuine exclusivity.
The Esplanade, in particular, is one of the most coveted streets in the suburb. Properties along this stretch enjoy direct bay proximity and views that stretch across to the Melbourne CBD — a combination that places them firmly in the top tier of the Peninsula's luxury market. It is no coincidence that some of the region's most significant sales have occurred along this corridor.
- Mount Martha's Esplanade is widely regarded as one of the Mornington Peninsula's premier addresses for prestige real estate.
- The suburb offers a rare combination of bay proximity, elevated views, and easy access to Melbourne's CBD — typically around an hour's drive or a short ferry connection.
- Demand for luxury properties on the Peninsula surged during the pandemic era and has remained elevated, with trophy homes continuing to attract strong buyer interest.
- The 3,304 square metre landholding at 413-414 Esplanade represents a scale of land ownership that is increasingly difficult to find in the suburb's prestige market.
The Investment Case for Mornington Peninsula Luxury Real Estate
For buyers considering the $9.9 million price point, the value proposition at 413-414 Esplanade extends well beyond bricks and mortar. Properties of this calibre — combining irreplaceable bay-front positioning, substantial land area, and a completed luxury renovation — are exceptionally difficult to replicate. The cost and time required to transform a property to this standard from scratch would be considerable, making this a turnkey opportunity in the truest sense.
The Mornington Peninsula luxury market has also demonstrated strong long-term capital growth, underpinned by constrained supply and consistent demand from high-net-worth buyers seeking lifestyle properties within reach of Melbourne. For owner-occupiers and sophisticated investors alike, prestige coastal real estate in this corridor has historically proven to be a resilient asset class.
A Once-in-a-Generation Opportunity
Properties like 413-414 Esplanade, Mount Martha, do not come to market often. The combination of a landmark bay-view position, a 3,304 square metre estate, and an immaculate resort-quality renovation — delivered over more than a decade of careful stewardship — makes this listing genuinely exceptional.
Whether you are seeking a permanent coastal residence, a luxury weekender, or a prestige asset with strong long-term fundamentals, this $9.9 million Mount Martha estate deserves serious consideration. The Cummings family has done the hard work. The next owner simply gets to enjoy the extraordinary result.
With panoramic bay and city views, a resort-standard pool zone, and a position on one of Mount Martha's most prestigious streets, 413-414 Esplanade stands as one of the Mornington Peninsula's most compelling offerings of 2026. Buyers at this level of the market would be wise to move quickly.