Avon Court relisted for $40m

Hawthorn’s landmark Avon Court is for sale again.

The four-storey home, which temporarily set a Victorian price record when it traded to Autobahn founder Garry Dumbrell in 2009 for more than $20 million, could sell for twice that this time around.

At 18-20 Shakespeare Grove, it was previously offered last May before being withdrawn; it carried a $45-$50m guide then.

RT Edgar’s Jeremy Fox and Helena Chow relaunched it this week – at a discounted, firm $40m.

The vendor, Chinese businessman Chongqing Du, paid Mr Dumbrell $19.8m in 2014.

More than 10 years ago it was held by former Richmond Football Club president Clinton Casey – who undertook a major renovation and extension.

Avon Court

One of the seven bathrooms is tiled with images of late footballer Jack Dyer (story continues below).

Avon Court includes eight kitchens – one configured around a teppanyaki table.

It also has nine bedrooms, a 10-car garage, 18-seat cinema, ballroom, gym and a 4000-bottle wine cellar.

The site spread 4249 square metres with 360 degree views.

While it has no tennis court, it has several garden and play zones.

The holding abuts Invergowrie, which ex-NAB and Australia Post chief Ahmed Fahour listed earlier in March, also for more than $40m, and withdraw in August.

Stonington in Malvern remains Melbourne’s highest priced residential deal; art dealer Rod Menzies banked $52.5m selling it to an offshore buyer last February.

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Marc Pallisco

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