Designer Bettina Liano has paid $4.5 million for a South Yarra home with 18 metres of Como Park frontage.
In tree-lined Kensington Road it includes five bedrooms – each with an ensuite – and a games zone built into a squash court.
It is speculated the businesswoman will spend $2m on a renovation and extension.
The property is near the top of the no-through road, on an elevated block also overlooking Alexandra Avenue near Herring Island and the Yarra River.
Ms Liano recently sold a family home in Malvern Rd, Armadale, for c$2.5m and a South Yarra investment, in Nicholson Street, for about $850,000.
The designer’s eponymous clothing label launched almost 20 years ago in Chapel St.
There are now eight boutiques nationally.