7 Winona Road, Mount Eliza VIC 3930

Vacant premium parcel | Architect-designed plans submitted | Exclusive Woodland precinct | Prior house demolished This property offers a rare opportunity to acquire a large, cleared parcel in Mount Eliza’s tightly held Woodland precinct, an established neighbourhood surrounded by premium homes. The submitted architectural plans provide a development head start, positioning this for a buyer seeking to build a significant residence without the delay of design approval. It serves best as a vacant canvas for a custom, high-end home, capitalising on the precinct’s exclusivity and the underlying land value. The primary risk is the premium price for vacant land, with the value proposition entirely contingent on future construction costs and final outcomes. The commercial logic rests on securing a position in a sought-after enclave where comparable finished properties command a substantial premium. Acquire only with a clear build budget and hold as a long-term primary residence to justify the outlay. Last sold August 2025 for $1,280,000 (with a prior house). This rapid resale at a listed price 15-25% higher, as vacant land, indicates the vendor is pricing in a significant premium for the lot’s potential and the precinct’s prestige.