TOORAK - Both The Age and Property Observer are reporting on the $17m sale of a Neo-Georgian mansion at 7 Landale Road in Toorak. It’s a surprisingly high price, considering the home traded for $6.3m in 2003 and considering its location in a pocket of Toorak devoid of comparable large scale mansions. Regardless, the sale represents the highest price achieved in 2012 (eclipsing a $12.6m Hawthorn sale earlier in the year).
TOORAK - Also in Toorak, an original single-story Victorian villa on Clendon Road (across the street from ‘Coonac’) has listed with $5.5m+ expectations. The home, while in the direct company of several of Toorak’s largest (and priciest) mansions, shares a property line with a pair of ugly mid-rise apartment blocks that front Toorak Road. The 1,149sqm property last traded for $1.36m in June 1998. RT Edgar agents Warwick Anderson and Mark Wridgway have the listing: 76 Clendon Road, Toorak
TOORAK - Yet another Toorak listing of note, a c1922 Walter Burley Griffin-designed home called “The Salter House” emerged on the market. A radical design at the time of its construction, the home today resembles many a 1970s home with a generic pitched roof. Noentheless, any home with the Walter Burley Griffin name maintains cachet and the floor plan is pretty damn fantastic with a unique (for the time) interior courtyard. RT Edgar Boroondara agent Simon Derham has the listing and is hoping to achieve just shy of $3m, a hefty increase from its May 2006 sale of $1.08m.
WHALE BEACH - Hot off the heals of the well-documented, record breaking $13m sale of a beachfront property in Whale Beach, a Peter Downes-designed modern home with a pool on a 784sqm parcel on the hill-topping Rayner Road refreshed its month-old listing with a concrete price: $4,390,000. It’s a conservative price, considering the home traded for $2.3m in Oct 2007 and was subsequently torn down and built new last year. 27 Rayner is located down a semi-private drive past the road’s dead-end. The listing: 27 Rayner Road, Whale Beach
VAUCLUSE - Any harbourfront (reserve) listing in Vaucluse is of note, especially when the price falls in the $5m range, a low price for such a location, as is the case with 12A The Crescent. Further investigation offers some reinforcement of the pricing: a heavily obstructed view, a small 632sqm parcel size, and a home in need of a complete overhaul. Then again, the appeal of living above Parsley Bay on one of Australia’s most prestigious streets may be enough for this property to find a buyer. At least listing agents Michael Pallier of Sotheby’s and David Fayn of PRD Nationwide hope so. For the record, the home swapped hands in November 2002 for $2.7m and now boasts DA-approved plans for an MCK Architects-designed home. The listing: 12A The Crescent, Vaucluse
DURAL - ‘Le Chateau’, an “authentically recreated French chateau” on a 5-acre block of land has returned to the market once again, this time with a listing price of $6.5m. Interior photos, however, tend to disagree with any sentiments of authenticity. The home is located at 15 Vineys Lane and has been on and off the market several times in the Radical Terrace’s memory (since 2006). It joins an unusually large collection of $4m+ homes in Dural currently on the open market. Ken Jacobs of Christie’s has the listing: 15 Vineys Lane, Dural
RED HILL - Without a doubt Mugga Way is Canberra’s premier address. So it’s always significant when a home emerges on the market in Red Hill, the suburb that stakes claim to the capital’s Street of Dreams. 17 Mugga Way is listed with a price of $4.995m after last trading for $2.6m in March 2009 and undergoing an extensive renovation in the interim. According to the broker verbiage, the home is “saturated with 10 star inclusions.” We’re not too sure what that means, but we can tell you the home sits on an unusually large 4800sqm block of land. The only thing this home is missing (aside from better quality building materials and actual landscaping) is an even-numbered address: homes on the west side of Mugga Way trade at a higher rate. Richard Luton and Sophie Luton of Luton Properties - Manuka have the listing: 17 Mugga Way, Red Hill