Avon Court discounted again

Avon Court has been for sale since 2017.

Avon Court, in Hawthorn’s prestigious St James Park precinct, has been relisted with a revised price guide.

The four-storey property at 18-20 Shakespeare Grove has been for sale since 2017 – initially for $45-$50 million then, the year later, for $40m firm.

It was relaunched yesterday by a different marketing agency – Marshall White.

The new price is $38-$41.8m.

The vendors paid c$19.8m in 2014.

That seller, Autobahn founder Garry Dumbrell, outlaid over $20m five years earlier – temporarily setting a price record for a Victorian home.

Avon Court

Avon Court famously contains eight kitchens, one configured around a teppanyaki table (story continues below).

Avon Court contains nine bedrooms and a 10 car garage.

There are also nine bedrooms, an 18-seat cinema, ballroom, gym and wine cellar able to store 4000 bottles.

One of the seven bathrooms is etched with an image of late footballer Jack Dyer.

The 4129 square metre parcel has a large outdoor play area – including a section fit out with a mini soccer pitch – but no tennis court.

Marcus Chiminello and Nicole French are the selling agents.

The listing comes two months since businessman Ahmed Fahour sold the neighbouring Invergowrie – on 1.03 hectares at 21 Coppin Grove – for $40.5m.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.