A sale at that level places the grand mansion,on prestigious Albany Road,in Melbourne’s record books as the third-highest residential deal.
Kay&Burton executive director Gowan Stubbings confirmed the sale and said there were multiple offers,but declined to comment on the buyer or final price. He would not be drawn on local market speculation that the price was just above the top end of the guide.
He highlighted the sought-after location,large land size of 3300 square metres,and the quality finishings.
“The address on Albany Road:it holds Melbourne’s best real estate,” said Stubbings,whose colleagues on the deal were Gerald Delany and Jamie Mi.
“The market in the top end has been extraordinary. The enquiry that was generated from this campaign,both local and offshore,was overwhelming.”
The Toorak home of the late Ron Walker has found a buyer.Kay& Burton
Last year Melbourne’s house price record was smashed when on a derelict house on St Georges Road,Toorak with a view to rebuilding on the block.
Meanwhile, for a mansion,also on St Georges Road. The previous Melbourne record was.
The Walker family’s block sits in a sought-after pocket,close to wealthy neighbours such as the Fox,Gandel and Lew families,and was last listed for sale in 1981. Albany Road and St Georges Road are considered the most exclusive streets in Melbourne’s most expensive suburb.
The grand residence,known as,was designed by Bates Smart and built in 1998.
The grand residence is on an exclusive street.Kay& Burton
It has five bedrooms – each with en suite – a home office,self-contained one-bedroom quarters,tennis court,outdoor swimming pool,indoor swimming pool,wine cellar,eight-car basement garage,gym,sauna,fountain and waterfall.
Known as “Mr Melbourne”,Ron Walker died in 2018 after a as lord mayor of Melbourne,chairman of the Australian Grand Prix Corporation,national treasurer of the Liberal Party,co-founder of the company that developed Crown Casino in Melbourne,chairman of Fairfax Media and Melbourne’s 2006 Commonwealth Games Corporation chairman.
Toorak’s median house price is $4.9 million on Domain data,but ultra-prestige deals can be struck at $20 million and more – and not only in postcode 3142.
Avon Court in Hawthorn earlier this year,snapped up by a new neighbour after previously being listed in 2018 and 2021.
Two other Toorak mega-mansions have been listed in recent weeks.,owned by,son of Malaysian entrepreneur Sir Ninian Mogan Lourdenadin,is asking $42 million to $46 million.
Also on Albany Road,the estate of the has a price guide of $39 million to $42.5 million,through Marshall White.