Property Development

Family ‘downsize’ to $9 million Toorak mansion

Family 'downsize' to $9 million Toorak mansion
Written by The ReReport
As seen in the Source link, written by realestatesource.com.au on 2019-05-16 00:12:10

It is a downsize, Toorak-style.

A family from Melbourne’s wealthiest suburb has paid $9 million for a brand new mini-manor at 3 Stonnington Place, with 595 square metres of liveable space and a 160 sqm basement.

It will downsize from an even bigger family home in the area.

Marshall White’s Marcus Chiminello marketed 3 Stonnington Place, Toorak, for prestige builder Glenn Eagles.

The price is particularly impressive given the relatively
small land component – 434 square metres.

But Stonnington Place is within a blue-ribbon belt agents call “AAA-Toorak”.

The street runs off Albany Road, considered Melbourne’s most prestigious row.

In 2017, Premier Investments chief executive officer Mark McInnes paid $12.3 million for this Stonnington Place home.

In 2017, it was reported that Premier Investments chief executive officer Mark McInnes paid $12.3 million for a Stonnington Place home.

Other neighbours include the Valmorbida family, of wholesale food and coffee fame, Seek co-founder Matt Rockman, and Gerry Ryan, who established Jayco Caravans.

Mr Eagle’s construction company, Glenneagles Homes, employed architect Drew Cole to pen the Georgian-styled 3 Stonnington Place.

The dwelling includes five bedrooms, six bathrooms, a
theatre room, attic, wine cellar, butler’s pantry, three lounge rooms and a
four car garage.

Interior designer David Hicks was also involved in the 3 Stonnington Place project – his third for Glenneagles Homes.

Mr Hicks was recently appointed to design the interiors of Tim Gurner’s St Moritz development, set to replace the Novotel hotel at 14-16 Esplanade, St Kilda.

Glenn Eagles listed his former family home in Armadale to producers of Chris Lilley’s ABC TV show Ja’mei Private School Girl

In 2013, Mr Eagles rented his then-family home in Armadale to producers of Chris Lilley’s ABC TV show Ja’mei Private School Girl, for use as the lead character’s family home.

This French Chateau-styled home in Adelaide Street then sold for about $9 million in 2015.

Mr Eagles has appointed Mr Chiminello to sell another new home, 19 Denham Place, Toorak, which is under construction next door to 3 Stonnington Place. It is also expected to sell for about $9 million following a marketing campaign scheduled for July.

Toorak is considered Melbourne’s most exclusive suburb, with the highest median house price – $4.6 million for a four-bedroom home, according to realestate.com.au.