Millionaires Walk features priceless bay views and the chance to quietly peruse some highly-priced private architecture. This stunning cliff top walk has historic significance as it was the first time the Union Jack was used to claim possession of Australia. The breathtaking water views across Port Phillip Bay to the Bellarine Peninsula, Melbourne and Mount Dandenong are amazing. Also you will get an insight into how Melbourne's elite spend time at their summer mansions. Millionaires Walk makes up a small part of the Sorrento Portsea Artists’ Trail, with four of the fourteen sites that comprise the trail located along Millionaires Walk. Paintings by Sir Arthur Streeton, Arthur Boyd and Ray Hodgkinson are displayed along the walk. Located not far from Point King Road is a white rig station and stone monument - this is the place where on the 9th March 1802, Acting Lieutenant John Murray, commander of the 'HMAS Lady Nelson' took possession of Point King, later to be renamed Port Phillip Bay, in the name of His Sacred Majesty George III of Great Britain and Ireland. It was the first time the Union Jack was used in Australia for this purpose.