EXCLUSIVE
Scott and Alex Pendlebury buy Bayside house project for around $7m
Scott Pendlebury and his wife Alex have made a major move in Melbourne’s prestige property market, purchasing a Bayside house project for around $7 million in what is shaping up to be one of the most notable residential acquisitions in the area this year. The high-profile buy underscores the couple’s long-term commitment to Melbourne and their growing interest in premium real estate.
Sources close to the deal confirm that the property, located in one of Bayside’s tightly held pockets, is set to undergo a significant redevelopment. While full details of the project remain under wraps, the site is understood to offer substantial land size and prime positioning, making it an ideal foundation for a luxury family home. The area is renowned for its proximity to the beach, elite schools, and village-style shopping strips, factors that continue to drive strong demand and escalating prices.
Pendlebury, widely regarded as one of the greatest players in AFL history, has spent the majority of his career with Collingwood, becoming synonymous with the club and the city of Melbourne itself. This latest purchase further cements his ties to the city, even as speculation continues around his post-football career and future plans beyond the field.
Property experts say the estimated $7 million price tag reflects the ongoing strength of the Bayside market, particularly for development-ready sites. Despite broader fluctuations in the property sector, premium homes in blue-chip suburbs have remained resilient, buoyed by limited supply and consistent demand from high-net-worth buyers.
“Bayside continues to attract buyers who are looking for lifestyle, privacy, and long-term value,” one local agent said. “When a property with scope for a bespoke build comes onto the market, it attracts serious interest, especially from buyers who plan to live there rather than flip it.”
Scott and Alex Pendlebury are known for keeping their private lives relatively low-key, and the couple has not commented publicly on the purchase. However, those familiar with their plans suggest the project is intended as a future family home rather than a short-term investment. If that proves to be the case, the redevelopment is expected to focus on quality, functionality, and understated luxury rather than excess.
The purchase also reflects a broader trend of elite athletes investing in property projects that allow them to tailor homes to their specific needs. With access to expert advisors and a long-term financial outlook, many sports stars are choosing development opportunities over turnkey properties, particularly in tightly held suburbs like those along Melbourne’s Bayside.
For locals, the Pendleburys’ arrival is another sign of the area’s enduring appeal. Over the past decade, Bayside suburbs have consistently ranked among Melbourne’s most desirable places to live, combining coastal living with easy access to the CBD.
While timelines for construction and completion remain unclear, anticipation is already building around what the finished home might look like. For now, the $7 million acquisition stands as a clear statement: Scott and Alex Pendlebury are investing not just in property, but in a long-term future firmly rooted in Melbourne’s prestigious Bayside.
