PHOTO: Boatshed 17 on Portsea’s Fishermans Beach foreshore has sold for an unbelievable sum.

A Portsea boat shed has fetched almost $1 million in its first sale in 68 years.

Eight parties made offers on Boatshed 17 on the Fishermans Beach foreshore, resulting in its sale in the middle of its $910,000 to $1 million quoted range immediately after its expressions of interest campaign ended.

The sale is believed to be a record for a beach box in Victoria.

The price is remarkably also well above Melbourne’s $780,130 median house value, according to CoreLogic.