Freight boss’s $45m mansion sells

Aussie freight richlister Arthur Tzaneros is finally celebrating a $45m win almost two years in the making.

26 Olola Ave, Vaucluse has sold. The most recent price guide was $45m.

Sydney’s trophy home revival is continuing with the sale of freight boss Arthur Tzaneros’s Vaucluse mansion after 21 months on the market.

The five-bedroom, six-bathroom residence on a massive 2266sqm block at 26-27 Olola Ave — with pool, championship-sized tennis court and harbour views to the Manly headlands — was most recently listed with Highland Double Bay Malouf director David Malouf, in conjunction with Michael Pallier of Sotheby’s.

But the listing has disappeared off all property portals Thursday morning. When contacted, the agents wouldn’t comment but other sources have confirmed it’s been sold to an unknown buyer.

The stunning property was launched to the market in June 2023 with what proved over-ambitious hopes of $50m-$55m with different agents.

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The five-bedroom mansion on a massive 2266sqm block comes with a pool and championship-sized tennis court.

Lavish interiors.

Tzaneros and his wife, Maude, had bought it in 2021 for $32m, but two years later snapped up an award-winning Bellevue Hill mansion owned by flowers wholesaler Leo Lynch, which they bought via Raine and Horne Double Bay’s Alex Lyons and Pillinger’s Brad Pillinger.

The sale continues a string of trophy home sales in Sydney’s east recently, with many of them having been on the market for months or even a year.

These included a Watsons Bay waterfront occupied just twice a year that sold for more than $35m on March 7.

The six-bedroom Pacific St, Watsons Bay residence — owned by Gee Soon Low of the billionaire Malaysian family behind well-known developer Low Yat Group — was first listed with a guide of $50m last April.

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Harbour views to the Manly headlands.

ACFS Port Logistics CEO Arthur Tzaneros.

The sales agents had been Steven Zoellner of Laing + Simmons Double Bay and Pallier of Sotheby’s.

And in February, a Rose Bay harbourside mansion sold for about $55m after the vendor slashed the price by $20m.

The Bruce Stafford-designed six-bedroom residence at 12 Dumaresq Rd owned by recycled shopping bag businessman Frank Qiang Geng and Juanjuan Zhao had been listed last June with $75m hopes last June.

Meanwhile, other trophy homes have sold before they’ve officially hit the market.

A Bellevue Hill mansion owned by award-winning film producer Warwick Ross sold for close to the $50m guide nine days ago via McGrath Double Bay’s Luke Hogan and William Manning.

They’d planned a massive $66k international campaign, but sold within days of the Wentworth Courier breaking the news of the planned listing.

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Originally published as Freight boss’s $45m mansion sells