A renowned Rosebud vineyard retreat with a celebrated restaurant and cellar door has been listed for the first time in generations, as one of the finest properties on the Mornington Peninsula. Blue Range Estate, also known as La Gamme Bleue, has hit the market seeking an eye-watering $18.5-$20m. Michael Keating Real Estate director Michael Keating said he expected “north of $20m” for the “icon of the Mornington Peninsula”, which features a 150-seat restaurant that was highly regarded by locals and travellers alike. The residence is where vendors Josephine and Cosi Melone have raised their family while running the successful businesses, including the Blue Range Estate Wines label. “The estate was conceived by his love of Mornington Peninsula and the uniqueness the site had to offer,” Ms Melone said.