The late Ron Walker’s family home in Toorak has sold after being listed with a price guide of $55 million to $60 million.
A sale at that level places the grand mansion, on prestigious Albany Road, in Melbourne’s record books as the third-highest residential deal.
Kay & Burton executive director Gowan Stubbings confirmed the sale and said there were multiple offers, but declined to comment on the buyer or final price. He would not be drawn on local market speculation that the price was just above the top end of the guide. He highlighted the sought-after location, large land size of 3300 square metres, and the quality finishings.
“The address on Albany Road: it holds Melbourne’s best real estate,” said Stubbings, whose colleagues on the deal were Gerald Delany and Jamie Mi. “The market in the top end has been extraordinary. The enquiry that was generated from this campaign, both local and offshore, was overwhelming.”The block sits in a sought-after pocket, close to wealthy neighbours such as the Fox, Gandel and Lew families, and was last listed for sale in 1981. Albany Road and St Georges Road are considered the most exclusive streets in Melbourne’s most expensive suburb.