Ahmed Fahour – who was until recently Australia’s highest paid public servant – has withdrawn Hawthorn’s landmark Invergowrie from sale.
The 1.023 hectare Coppin Grove property carried a $40-$44 million guide upon listing four months ago.
Advertisements were pulled down by the end of last week.
It is speculated Marshall White’s Marcus Chiminello may now promote it off-market, possibly before a relaunch later this year.
Invergowrie cost Mr Fahour $22m in 2013.
A renovation of the c1851 Colonial Gothic style bluestone mansion added $4.5m (story continues below).
The estate includes six buildings, a tennis court, swimming pool and established gardens.
In May, the property next door – Avon Court, on 4645 sqm – was listed with c$45-$50m price hopes.
The record price for a Melbourne home was reported in February when antique dealer Rod Menzies sold the country’s former government house, Stonington, in Malvern, for $52.5m.
In March it was reported Mr Fahour and his wife, Dionnie, paid more than $16m for a c1887 Victorian on 3371 sqm in Kinkora Rd, Hawthorn.