Sources say LA-based McManus is quietly seeking offers on his renovated 6-bedroom Georgian mansion, on an acre block at 743 Orrong Road.
If news of the listing is true, it would be the first significant mansion sale in Toorak this year – and may give a good indication as to whether volatility which mauled the share markets this month – has dented the once-roaring prestige residential market.
The ‘McManus’ mansion – as it has come to be known locally – comes equipped with a pool, tennis court and large, lush established garden. The house is believed to have accommodated the entourage of international bands Deep Purple, Fleetwood Mac and Kiss, as well as musical flash in the pan Lisa Marie Presley.
Its been speculated McManus is asking more than $12.5 million for the home, more than twice the $6.05 million he is believed to have paid in May 2004.
Mr Herman declined to comment on any part of the listing when contacted by Secret Agent. However, he said sentiment at the top end of the market so far this year appears unabated.