Grand Canterbury estate Shrublands has been relisted two years after it sold for a heavily discounted price.
On 6501 square metres, the imposing nine bedroom Italianate mansion at 16 Balwyn Road carries a guide of $37-$39 million.
Anything around that range would reflect a major windfall for the vendor, businessman Ali Ali, who outlaid $29m in March, 2021 – a significant drop on the initial $42-$46m asking price.
Not long later, family members are speculated to have acquired an ex-nursing home next door, 14 Balwyn Rd, on 3745 sqm, for just over $8m.
Kay & Burton’s Sam Wilkinson, Jamie Mi, Gerald Delany and Ross Savas have the listing.
Developed in 1863, and originally a vineyard, Shrublands underwent a major renovation and extension between 2016-2019 by then owners, Michael and Anne Williams, who sold it to Mr Ali.
The dwelling now contains 12 bathrooms, two kitchens, two laundries, a home cinema, billiards room, cellar, sauna and steam room (story continues below).
It also includes a mini-conference centre with an office and boardroom and can garage eight vehicles with two more in a carport.
The property also includes extensive security, a north south tennis court and pool.
The listing comes seven months since a mansion on 2237 sqm at 33 Monomeath Avenue – considered the suburb’s best street – fetched $21m following an off-market deal.
Another dwelling near there, meanwhile, an unrenovated dwelling with a tennis court on Victoria Ave – Canterbury’s second best road according to agents – collected $8.4m last October.
Late last year, The Connault in the neighbouring suburb of Balwyn hit the market with a $15.75-$16.75m guide.
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