The compact 50sq m home fetched $715,000 after competitive bidding from six parties.
Joe Gomory built the townhouse at the back of his own property at 141 Graham St in 1994, for his son, and extended it last year.
Mr Gomory bought the property which stretched from Graham St to Little Dow St at auction for $445,000 in 1992.
The property was sold by Frank Callaghan of Frank Gordon Real Estate.
source: Port Melbourne auction: compact beach pad smashes reserve
source: Port Melbourne auction: compact beach pad smashes reserve
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