The Toorak home of late Melbourne billionaire David Hains has sold for about $39 million after a year-long campaign.
The deal marks the end of a year-long campaign, with the Albany Road mansion joining Melbourne’s prestige market in February 2023 guiding $40 million to $45 million a month afterThe Toorak home of late billionaire David Hains has sold for about $40 million.
The deal closes the curtain of 56-years of Hains’ family ownership of the 10-bedroom, seven-bathroom ivy-covered Georgian Revival mansion designed by architectThe pool was empty, and the tennis court needed a revamp. The property was billed as the elite suburb’s ultimate renovator’s delight, embodying the same old-school elegance ofHowever, when the mansion failed to find a buyer, it was temporarily taken off the market by the Hains family.
It’s understood the recent deal was handled by listing agent Marshall White Stonnington director Marcus Chiminello alongside Kay & Burton director Andrew Sahhar, who introduced the as-yet unidentified buyer. Meanwhile, transactional adviser Mark Wizel, of Wizel Property Group acted on behalf of the estate.
While all parties declined to comment on the deal specifics, Mr Chiminello said the deal was driven by both head and heart. “It was more than a commercial process and decision, it was very much an emotional one to ensure the appropriate custodian purchased Albany Road.” Mr Chiminello said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Murdoch family home dubbed ‘prettiest house in Toorak’ sells for $40mThe home of the late billionaire David Hains has found a buyer after searching for a new custodian for the past year.
Read more »
Melbourne luxury property: Inside the $80m Toorak home set to test the city’s house price recordThe southern capital’s residential sales record could soon be topped, with the arrival of a contemporary Toorak trophy home that has a guide of $75 million to $82 million.
Read more »
Luxury property: Rich lister Michael Boyd to sell South Yarra penthouse, Rokt’s Ben Voltz lists Toorak home ahead of Point Piper moveFormer Sonic Healthcare chairman Michael Boyd is offloading his luxury Melbourne bolthole, while Rokt co-founder Ben Voltz is selling his Toorak home ahead of Sydney move.
Read more »
What to expect from Melbourne’s sweltering long weekendRelief from the heat is not expected to arrive until Tuesday as outdoor events across Victoria are cancelled and the state remains on high alert for bushfires.
Read more »
Melbourne weather: Autumn heatwave leaves Victoria, South Australia, Tasmania and NSW swelteringVictoria, South Australia, Tasmania and NSW are experiencing the worst forecast heatwave of the year, throwing festivals and major events into chaos.
Read more »
Woman identified after horror stabbing death in MelbourneThe Melbourne mum allegedly stabbed to death by her own daughter, who reportedly tried to set her on fire, has been identified as 53-year-old Joanne Perry.
Read more »