Toorak mansion believed to have achieved Melbourne’s top sale in 2015
UPDATE: A TOORAK mansion is understood to have achieved the highest sale price for a house in Victoria this year in a super secret sale.
VIC
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A TOORAK mansion is understood to have achieved the highest price for a house in Victoria this year in a top secret sale.
The trophy home on Yar Orrong Rd sold for about $20 million to a local buyer.
Marshall White director Marcus Chiminello inked the off-market deal.
Mr Chiminello confirmed a significant sale had occurred, but declined to comment further out of privacy concerns for the buyer.
RELATED: The 20 most expensive home sales in Melbourne in first half of 2015
A Melbourne buyers advocate told the Herald Sun he had heard a “$20 million-odd” transaction occurred in Toorak last week, but that it was being kept super secret.
“No one’s supposed to talk about it,” he said.
“This is the issue with a lot of top-end sales — unless you’re a party to the deal, you’re not going to know exactly what was done.
“It’s all done in secret.”
The Real Estate Institute of Victoria understands the mega deal is the most expensive house sale in Victoria this year — just eclipsing a result achieved by a manor in Brighton in May.
The three-storey waterfront mansion at 39 Seacombe Grove, formerly owned by St Kilda president Rob Butterss, broke the price record for Brighton when it changed hands for about $20 million via private sale.
The price record for a home in Melbourne belongs to the penthouse at Southbank’s Australia 108 skyscraper, which was sold off the plan to a Chinese businessman for $25 million in April.
Other big sales this year have included palatial residences at 12 & 12A Monomeath Ave, Canterbury for $12.08 million, 37 Monomeath Ave, Canterbury for $12 million and 35 Sackville, Kew for more than $11 million.
Yar Orrong Rd is a short windy street between Toorak Rd and blue-ribbon Albany Rd, which runs parallel to Kooyong Rd.
Homes on the street, known as “triple-A Toorak”, are known to be tightly held.
A six-bedroom estate at 6-8 Yar Orrong Rd sold for $6.5 million in December last year through Kay & Burton and is on the rental market for $3500 a week, according to CoreLogic RP Data.
CoreLogic records show the house at number 7 changed hands for $6.35 million in February 2006 and number 5 earned $9.3 million when sold in August 2004.