Final Apartment in Luxury Falls Creek Ski Lodge Hits Market for $4.75M

The founders of Tribe Hotels, Melissa and Mark Peters, have listed the final apartment in their beautifully renovated 1970s ski lodge at Falls Creek in Victoria’s alpine region. With an asking price of $4.75 million, the apartment offers stunning views and luxurious features that are sure to impress.Melissa and Mark Peters became well-known for their modular accommodation brand, Tribe Hotels, which they later sold to French hotel chain Accor in 2019. In addition to their hotel ventures, the Peters have also developed an exclusive ski chalet at 1 Arlberg St, Falls Creek, consisting of eight residences, most of which were sold off the plan. One of these homes is reported to have already set a record for Falls Creek, although the exact price remains undisclosed.

The interior looking out to the incredible views that surround Falls Creek. Credit: Real Estate Listing The final residence, known as Koki’s Apartment 7, was held back until the building’s completion in October and is now expected to set a new benchmark for luxury properties in the area. The apartment is listed by Zirky Real Estate's Christina Smit and features an expansive 212 sq m living space, a 21 sq m balcony, and private ski equipment storage.The Peters teamed up with Kerry Phelan Design Office to oversee the transformation of the lodge. The property has gone from being a beloved 70s-era ski lodge to a modern and luxurious alpine residence, while still preserving some of its original charm. High ceilings, a stone wall, and other 70s design elements have been kept, blending old-world charm with contemporary style.The apartment boasts high-end features like a spa, a double-sided Austrian fireplace, and a work-from-home area equipped with two desks. It has four bedrooms and four bathrooms, with multiple living areas, a drying room, and a hidden butler’s pantry behind the elegant main kitchen. View fullsize

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#block-yui_3_17_2_1_1723870843721_16367 .sqs-gallery-block-grid .sqs-gallery-design-grid { margin-right: -20px; } #block-yui_3_17_2_1_1723870843721_16367 .sqs-gallery-block-grid .sqs-gallery-design-grid-slide .margin-wrapper { margin-right: 20px; margin-bottom: 20px; } “Koki was one of the original lodges and in its heyday, it was a standout in the 60s and 70s. The property has been completely reimagined as the most luxurious building on the mountain, yet it still holds onto that classic alpine vibe.” — Christina Smit - Zirky Real Estate Melissa Peters added, “As locals with hotel and property development experience, we saw the potential in Koki Lodge and are proud to have turned it into Falls Creek’s newest luxury residential address. It has set a new standard for the region, attracting a new generation of families to Falls Creek.”The apartment, which is being sold under a lease through to 2059, has already attracted interest from potential buyers, especially from Melbourne and Sydney. Many have commented on the spaciousness of the property, noting that it’s clearly been designed with skiers in mind. The lease also offers a first right of refusal, adding further appeal to the exclusive offering.