22 Jan 2024 | 3 mins

Metricon founder Mario Biasin’s family sell beachfront getaway for $20m+ - News Ltd

Metricon founder Mario Biasin’s family sell beachfront getaway for $20m+ - News Ltd

The family of late Metricon boss Mario Biasin has notched an eight-figure sale for the stunning Flinders waterfront hobby farm he’d hoped to turn into a dream weekender.

The almost 20ha Flinders property known as Solitaire showcases a creek, two waterfalls and direct beach frontage as well as a four-bedroom house.

It was last listed with a $23m-$25m asking price, though had early on been earmarked for a sale to potentially top $28m.

Forbes Global Properties Australia director Mike Gibson confirmed a sale had been concluded earlier this month after the peerless Peninsula address hit the market in late March last year.

Mr Gibson declined to comment on the price, but said the property had received interest from across Melbourne and abroad.

“We did have solid interest in it, mostly from Melbourne,” Mr Gibson said.

“And it was a local buyer.”

Records show Biasin purchased the property for $8.65m in 2006.

Forbes

The hobby-farm sized getaway spot has a creek and beach frontage.

Forbes

Plans for a luxury home at the property show expansive dimensions and water-facing glazing.

While Mr Gibson was not aware of the purchaser’s plans for the property, Biasin had spent three years gaining approval for plans with the local council to build a luxury family compound including a sunken tennis court, towering water features and a pool.

Renders of the intended residence, designed by BayleyWard architects, show a home split into multiple wings, with glass-lined bridges connecting separate parts of the house and extensive windows to capture views to Western Port Bay and Phillip Island.

Forbes

Mario Biasin was chief executive and co-founder of Australia’s biggest builder, Metricon.

It is understood it would have been the dream weekender for Biasin, though the family own other holiday homes and did not wish to retain the Flinders address.

Mr Gibson added while a months-long month sale for such a property in that part of Victoria was “fairly normal” it stood out as one of the best he had ever seen.

“I get to see a lot of beautiful properties, but that was a property that I would have loved to have owned myself — it is that beautiful,” he said.

Mario Biasin was the co-founder and chief executive of Australia’s largest home building firm, Metricon, when he passed away aged 71 in 2022.

Forbes

The almost 20ha property has paddocks and trees for privacy along its entry road.

Forbes

Another render of the proposed compound shows a sunken tennis court and water feature.

At the time he had a personal fortune estimated at $60m, and was a part owner of the Melbourne Victory soccer club.

His passing sparked questions over the security of his long-running home building business, but Metricon has since been recognised as the nation’s biggest housing construction firm twice in the Housing Industry Association’s annual top 100 builders report.