Trophy homes: SalesForce guy Panozza lands at Hope Island

SalesForce Australia founder and former chief executive Kevin Panozza has bought a luxury Hope Island waterfront.

The Sallman House, 104 Kooyong Road, Armadale sold for $6.52m.

Panozza lands Hope Island home

SalesForce Australia founder and former chief executive Kevin Panozza has bought a luxury Hope Island waterfront. The March settlement shows Panozza paid $3.9 million for the five-bed, five-bathroom home. Set on 1794sq m of landscaped waterfront land, the two-level residence comes with an alfresco entertaining area with heated swimming pool. The home had only been on the market for 20 days before Amir Mian at Prestige Property Agents Paradise Point found a buyer after asking $4.495m. Panozza, who founded SalesForce Australia in 1993, sold the company in 2005 and left his chief executive role in 2007. Panozza has stepped up the campaign to sell his Brighton trophy home Marama, with a revised price guide of $6m-plus, down from $7m when first listed last October. The 1880s mansion with five bedrooms, wine cellar and heated pool had been renovated by Melbourne architect Bruce Trethowan.

Armadale’s Sallman House sold

Sallman House, the Modern Functionalist-style trophy home at Armadale, was sold for $6.52m when offered at midweek auction by Hilary Cook and Peter Geraerts. My spy advised it was announced on the market at $5.9m. An opening vendor bid of $5.5m led to a hotly contested auction through Kay & Burton agent Darren Lewenberg. The early 1920s Kooyong Road residence was designed by Harold Desbrowe Annear with 2008 renovations by Luke Middleton of EME Design. It last sold at $2.2m in 2007. It was built for estate agent Maurice Sallman and wife Doris who had architect Harry Norris do some renovations in the late 1920s. The Tallent medical family owned it for five decades from 1934.

Italian Hill fetches $2m

Italian Hill at Daylesford, one of Victoria’s finest private gardens, has sold to Dr Marcus Carey and artist wife Margo for a record $2.05m. The property with a straw bale home and two further mud-brick guest cottages had been the work of a retired Brighton businessman over the past 12 years. Hand-hewed stone paths and local stone walkways wind around the garden featuring rolling lawns, vegetable gardens, a rose garden and an idyllic waterfall. Kim McQueen at Colliers International sold the home, having also sold one of Daylesford’s mansions, the 1860 Mount Stuart House, for $2m last month.

Blame it on Debbie

Cremorne, the historic Hamilton Hill, Brisbane home of Fone Zone co-founder David McMahon and wife Tracey, failed to sell despite the best effort of the agents. The three-way auction had been brought forward to midday from its scheduled 6.30pm by Place Bulimba agent Sarah Hackett due to cyclone Debbie. Built in the early 1900s by Brisbane publican James O’Connor, the McMahons were only the third owners of the property with sweeping views of the Brisbane River. They paid $6.625m for the five-bedroom home in late 2015. The home received a heritage-approved pavilion extension by Donovan Hill Architects.

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