A $44m Mansion in Toorak? Sure, Why Not?

Considering Michael Gibson and Ross Savas of Kay & Burton South Yarra are unjustifiably asking a similar price for 1 Towers Road, the number isn’t too outlandish. That said, the latest coming from The Age is that Harry Stamoulis, who set records in January 2010 when he acquired the Baillieau family estate at 39 St Georges Road for $24m, has demolished the insignificant “federation-style” home on the significant plot of land to build a mansion that will be “more than $20m to complete.” Krongold Construction and Bruce Henderson are behind the build and design, so I’m forecasting an apartment block-looking house; which I guess is totally appropriate for St Georges Road…

Weirdly, The Age articules compares the potential of Stamoulis’ mansion size to the Myer family’s Cranala and the recently sold Miegunyah mansions, both far from the largest homes in the sacred suburb of Toorak.