Toorak $27 million listing tests changing market


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A Toorak masterpiece relisted by its vendors for more than $30 million has landed on the market at just the right time, according to the agent.

The fully renovated mansion at 3 Heyington Place has been put up for sale again after it failed to find a buyer for $27-$29.5 million late last year.

It’s now for sale with a suggested sale price of $27 million.

Marshall White Stonnington agent Marcus Chiminello said an improving market meant there were more active buyers than last year.

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The vendors have $27 million price hopes.

A luxe swimming pool is just one of many outdoor features.

The property was fully renovated.

“We’re getting an extraordinary amount of expatriates who are trying to set themselves up for schools in the new year,” Mr Chiminello said.

“There has already been a firm offer on the property and secondary interest to that … I’m confident we’ll see the property sell well.”

The vendors, businessman John Zeigler and his wife Lisa, did extensive renovations to the grand six-bedroom home after buying it for $3.4 million in 2002, according to CoreLogic.

A formal living room inside.

A full-sized tennis court is ready to enjoy.

The garage could fit up to 16 cars.

Highlights of Palmilla include elaborate formal sitting and dining rooms, a home cinema and billiards room, bar, home office and marble kitchen.

Car lovers will also appreciate the 10-car garage, which Mr Chiminello said could possibly fit up to 16 vehicles.

Outside, there’s a full-sized tennis court and a pool.

The five-bedroom property is the most expensive on the market in Melbourne’s exclusive suburb.

A home office has a fireplace.

A home theatre and billiards room inside.

Other pricey sales in Toorak this year include 26 Linlithgow Rd, which sold for $12.15 million in March, CoreLogic shows.

Another property on Heyington Place owned by high-flying media executive David Evans also sold for an undisclosed price, after being on the market with an asking range of $11.5-$12.5 million.

A grand red brick house at 28 Irving Rd is also for sale with an $11.5-$12.5 million price guide.


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