A Toorak mansion constructed on the location of Melbourne’s first million-dollar home has returned to the market.
The five-bedroom property on the illustrious St Georges Rd has been listed with a lofty $24m-$25m price ticket – a notable $5m greater than its final sale of about $20m in 2021.
It was then owned by late Melbourne businessman and wealthy lister Spiros Stamoulis’ spouse, Helen Stamoulis, who spent eight months in the course of the pandemic making an attempt to dump the 1457sq m property.
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The 20 St Georges Rd block was additionally famously bought in 1981 by former Lord Mayor of Melbourne Sir Maurice Nathan to a luxurious automobile supplier who paid $1.01m for the property, making it the primary Melbourne home to promote for greater than $1m.
That home was later demolished and the land was subdivided in 1983, earlier than two new homes – together with the one now on the market – have been constructed, each with tennis courts.
Ms Stamoulis bought the house after her husband died in 2007 for $6.01m, and accomplished vital upgrades together with the addition of a four-car basement storage and further front room.
The lavish property additionally options landscaped gardens by famend architect Jack Merlo, plus a swimming pool and inner elevate.
Toorak’s St Georges Rd is famed for being one among Melbourne’s most coveted blue chip residential streets, the place a spread of high-end gross sales above $20m have occurred – together with an unfinished mansion at No. 29-31 which traded for a whopping $80m in 2022, setting a brand new home value benchmark for the state.
Marshall White Stonnington director Marcus Chiminello has been contacted for remark.
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