Waterfront Mt Eliza estate fetches $12m ahead of The Block auctions

Key points

• A six-bedroom home at 15 Freemans Rd, Mt Eliza, has sold for $12 million, close to the suburb's $12.4 million house price record. The sale was the biggest for a house in the suburb since 2017.
• The listing agent, Michelle Skoglund, called it a positive sign for The Block's House 1 renovation, which is set for auction this weekend. The property sits on 3502 square metres, with about 73 metres fronting Port Phillip Bay.
• Mr Cooley, a well-known auctioneer, will sell House 1 on the agent's behalf.