Balwyn North mansion: Agnes Ave house sets suburb record price


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A mansion packed with lavish features including two infinity pools, a massage station, games arcade and 25-seat cinema has become the second property to break Balwyn North’s price record this year.

The details surrounding the sale of 8 Agnes Ave are largely shrouded in secret.

But it is known the eight-bedroom multi-millionaire’s playground surpassed the suburb’s $7 million benchmark, set by nearby 12 Agnes Ave in February.

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8 Agnes Ave, Balwyn North has set a new suburb price record.

Mark Spinosa, director of MJ Building Group, enjoys his home’s “better than Gold Class” cinema. Picture: Jason Edwards

Mr Spinosa shows off his games room. Picture: Jason Edwards

Both record-holders were built by MJ Building Group director Mark Spinosa, and sold with all their contents.

Ray White Balwyn selling agent Helen Yang said the convenience the fully furnished mansion offered was a major drawcard for the buyer from Asia.

She said the back-to-back record sales on Agnes Ave amid the Melbourne market downturn proved “when you have a good product, people still want to buy it”.

“It doesn’t matter if the market is doing it tough,” Ms Yang said.

One of the home’s two infinity pools wraps around the house. Picture: Jason Edwards

The house also features two jacuzzis, and a playground. Picture: Jason Edwards

Mr Spinosa’s nightclub-grade bar. Picture: Jason Edwards

No. 8 had been Mr Spinosa’s family home since it was completed in 2015, following an 18-month design and build process.

Other highlights include two jacuzzis, nine bathrooms, a gym and pilates room, sauna, nightclub-grade bar, 2000-bottle wine cellar, teppanyaki cooking plate, lift, resort-style yard, kids’ playground and garage with three Tesla Powerwall 2 batteries.

The luxe package included more than $1 million worth of furnishings, home automation and gaming equipment, plus $60,000 of paintings and $40,000 of booze.

The alcohol in this cellar was also part of the package. Picture: Jason Edwards

The open-plan living, dining and kitchen area. Picture: Jason Edwards

The fully kitted out gym. Picture: Jason Edwards

The “better than Gold Class” basement cinema contains an 8.5m screen and subwoofers in the seats, while the arcade was decked out with a marble pool table, basketball dunking station, foosball table and racing simulation game.

Mr Spinosa previously described his creation at No. 8 as being a “health-conscious house with huge entertaining appeal, where we could do everything we wanted at home”.

“It’s like a celebrity lifestyle — you’ve got the best of everything,” he said.

The lavish main bedroom …

… and dressing room.

The garage has heated floors and three Tesla Powerwall 2 batteries.

The high-end builder worked with a feng shui master to ensure the ultra-modern pad was “optimised for wealth”, and fondly recalled huge parties he’d thrown there for up to 300 people.

The house sprawled over three levels and 1394sq m internally, and occupied a 1050sq m block within the Balwyn High School zone.

It was initially listed with a $8.8-$9.2 million asking price in April.

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The house is a kids’ — and adults’ — paradise. Picture: Jason Edwards

The house is on a 1050sq m block.

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