A home in Melbourne's Brighton, which hosted the likes of Shane Warne, has hit the market for $15.95million.

The late cricketer attended several parties hosted by former St Kilda football club president Rod Butterss at the property.

At one event, the spin king is believed to have 'bowled flippers to the whole football club out on the tennis court', realestate.com.au reported.

The five-bedroom property, which was built in the late 1990s, sits on a 2080sq metre block.

It has been listed on the market for $14.5million to $15.95million.

It features a mod-grass tennis court, a heated pool and spa and an outdoor terrace with a built-in barbecue.

The home has a lavish formal dining room and living area with grand pillars.

The property also has a rumpus room, gym and fully-equipped bar kitchen complete with beer taps.

Marshall White Bayside director Stephen Smith said: 'It's the perfect entertaining home, you couldn't get a better position and orientation.'

'They have maintained it impeccably but someone might want to put their own splash on it.'

Mr Smith also said the home was 'built for entertaining' and the 'layout of the home is unbeatable'. 

The property is open via private inspection.