The property comprises a main residence, a cottage and a separate studio. There are five bedrooms and three bathrooms.

Built in the mid-'80s, the main residence includes a courtyard and a double garage. It faces north, and the floor-to-ceiling windows offer panoramic views of the surrounding mountains and vineyards, as well as Melbourne's skyline in the distance.

The home is located in Mount Martha, a southeastern suburb of Melbourne that is also part of the Mornington Peninsula. The area is popular for its vineyards and Mediterranean-like landscape and coastline. The nearest beach is just over a mile away.

The family spent A$50,000 (about US$48,000) on renovations over four years, which included adding a new bathroom and painting the walls. The rustic interiors feature exposed beams, natural slate floors and recycled timber from an old wharf.

Mr. Stynes' parents occupy the master bedroom on the second level. It has a balcony with potted geraniums and overlooks the courtyard.

This bathroom is on the ground floor. It has twin sinks, a spa bath and sand-toned tiling.

The wicker baskets in the kitchen are used for picking fruit. 'There is a fairly large orchard on the property with apples, pears and cherries,' Mr. Stynes said.

The study on the second level of the main house is shown here. 'My father is an architect and before his semiretirement, he did his sketches and drawings from there,' Mr. Stynes said.

The home is full of heirlooms and local Australian furniture. 'Some of it is from 30 years of travel overseas through Europe, particularly France and Italy,' Mr. Stynes said.

The previous owners bought two cabins from the Balcombe Army Camp that were built in the 1930s. One was converted into a cottage, shown here, the other is a studio that's used as an office, children's playroom and storage area. The latter, a former classroom, still has the original chalkboard and raised podium.

The divorced father of two shares the cottage with his young children Charlie and Remy. He said the space, which overlooks the property's 4-acre lake and orchard, has 'a beachy' feel.'

The cottage's corrugated metal exterior uses a material that serves as a decorative motif in the kitchen, living area and bathroom.

This lake has more than 300 trout and red fin. 'There are small boats on the lake, which the children use to go fishing,' Mr. Stynes said.

There are some 50 Black Angus cattle on the property that can be purchased from local stock agents.

Mr. Stynes said that they are selling because his parents want a smaller place, and he is relocating back to his house in Toorak, a suburb in Melbourne, to be closer to his workplace.

The property was put on the market in May 2013 for offers over A$4.5 million (US$4.4 million). It is listed with Kay & Burton agent Andrew Hines.