No expense has been spared turning this already glamorous Templestowe mansion into a delightful dream home.
The five-bedroom house on 3972sq m, with address only given out on request, has a price guide of $4.5-$4.9 million.
The suburb’s largest recorded sale was the $7.2 million paid for 327-329 Church Rd in November 2006. That property sold for $6.9 million less than two years later.
The affluent suburb’s median price to July was $1.221 million, down 11 per cent over the past year, according to CoreLogic data.
The Agency Hawthorn director Peter Kakos said the house had undergone an “incredible transformation”.
“The quality of the finish is exceptional; the ironwork through the property, the flooring — it’s just a beautiful family home.”
Mr Kakos said the property would appeal to buyers coming from the eastern suburbs private school belt.
“We often talk in real estate about parents’ retreats, but this is more like a parents’ apartment,” he said of the property.
“The sheer size of the parent’s wing is amazing: with a hotel-like ensuite, the walk-in robe is like something from a Louis Vuitton store.”
Significantly larger than most bedrooms, the walk-in wardrobe measures 6.1×6.1m.
The vendors of the property are downsizing.
“It was renovated to live in for a long, long time. Circumstances have brought us to this moment where someone else is going to get a pretty specced-out home,” Mr Kakos said.