A brand new Victorian condominium has opened for sale in Carlton for a staggering $4 million.

The new home is in the Melbourne suburb of Horizon, which is a few hundred kilometres north of Melbourne and in the foothills of the Blue Mountains.

The condominium sits on the corner of Westbury Road and Mollie Road, which has a population of around 300.

A number of high-profile homes have recently opened up on the property, including the $6.7 million new home by a luxury furniture retailer.

A large section of the property is still being redeveloped, with plans for the entire site to be converted into a residential development.

The property is listed for sale at $4,746,944, which according to property website realestate.com.au is equivalent to an average Melbourne house price of $1.4 million per square foot.

There are currently three other properties on the site.

The buyer has yet to be named, but it is not yet clear whether the condominium will be converted to a rental property or remain an office building.

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