Port Bouvard's $250m Princeton private estate sells out

The Princeton private estate at Stirling has sold its last remaining homesite two years ahead of schedule.

Over the past eight months, developer Port Bouvard Ltd has released and sold 117 homesites worth approximately $41 million. All stage releases have been ahead of schedule and brought forward due to unprecedented demand.

"Since launching the award winning estate in 2000, 640 lots representing approximately $220 million have been sold," said Ross Neumann, managing director of Port Bouvard.

"With the completion of the main central lake and its surrounding parklands and recreational facilities, such as the lakeside cabana picnic area and children's playground, we have seen an upswing in buyer interest and sales."

Port Bouvard purchased the original site for the Princeton Private Estate site in 2000.