South Yarra: $40m-plus price expectations for swanky pad slashed by millions
A South Yarra house with envy-inducing features from a 12-car garage to a rooftop pool and deck has had its price slashed by millions — but would still take a lottery win to buy. Take a peek.
A swanky South Yarra house formerly listed for sale at $40m-$43m has had a multimillion-dollar cut to its asking range.
The five-bedroom pad featuring a 12-car garage, rooftop pool and an entire level devoted to wellness and leisure has had its price expectations lowered to $35m-$38m – a $5m reduction on the original guide.
The impressive home belongs to arts patron Jennifer Shaw whose family owned a Bourke St building that housed the Kozminsky jewellers store, until they sold it for $7.6m in 2017.
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Public records show that South Yarra’s $36m record house price was set by a four-bedroom abode at 44-48 Marne St, in 2018.
Originally built in the 1930s, Ms Shaw’s house was redesigned by Melbourne architects Powell & Glenn last year.
A lift connects its five storeys including the rooftop with a swimming pool, barbecue and Melbourne skyline views.
Lower down, the ground level has a gym, infra-red sauna, steam room, bathroom, temperature-controlled wine cellar, a home theatre and billiards room, plus the 12-car garage.
An open-plan living area containing a bar, kitchen and dining areas connects to the garden via retractable glazing that opens to a covered terrace, outdoor kitchen and wood-burning fireplace.
The main kitchen is equipped with Miele and Gaggenau appliances, Calacatta marble surfaces, a Liebherr fridge and a scullery.
A curved staircase leads upstairs to a level that features a double dressing room and an ensuite fitted with Italian marble.
There’s also a self-contained guest bedroom with an ensuite and a living room with a sunken terrace.
Other highlights include a study, formal dining and sitting rooms, and four powder rooms.
Marshall White Stonnington director Marcus Chiminello has the listing.
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Originally published as South Yarra: $40m-plus price expectations for swanky pad slashed by millions
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