REA Group CEO lists Toorak mansion
REA Group chief executive officer Owen Wilson and his wife, Liesl, have listed their family home in Toorak’s tree-lined Linlithgow Road.
The two storey English style residence with Tudor cues at #25 is asking $16-$17 million ahead of an expressions of interest campaign closing next month.
The pair paid Joe Gersh, a lawyer and ex-ABC board member nowadays with Cromwell Property Group, $7.25m in November, 2008 – a year after it hit the market, also the height of the Global Financial Crisis.
It was that owner who carried out a major refurbishment and extension then worth $250,000.
Between 1986-1990, the property was held by ex-Hoyts CEO Peter Ivany and his wife, Sharon.
Elsewhere in Victoria, Mr and Ms Wilson own a Jan Juc beach house.
Another Linlithgow Road listing
On a 1525 square metre L-shaped plot, 25 Linlithgow Rd includes a north-south tennis court and pool.
The dwelling, meanwhile, contains five bedrooms, formal and informal living and dining rooms, a double garage, study, rumpus room, gym, sauna and cellar.
The vendors undertook minor alterations in 2017, spending a speculated $50,000.
The listing comes three months since Cotton On CEO Peter Johnson paid gardener Jack Merlo $12.5m for a smaller residence down the street while two weeks ago, packaging executive Alex Commins listed his c1930 family home across the road, with an $18.8-$20.6m guide (story continues below).
Marshall White’s Marcus Chiminello and Nicole French are representing Mr Wilson, also a Hawthorn Football Club board member, and his wife.
Last week, following an off market deal, the same agency sold a terrace in Albert Park’s exclusive St Vincent Place – within cooee of a home owned by Tracey Fellows, who Mr Wilson replaced as REA Group’s CEO in 2018.
That property is understood to have collected about $10m.
Melbourne’s first $1m address for sale again
Meanwhile, a mansion built on part of the site of Melbourne’s first million dollar residential sale has hit the market, again.
The five bedroom, six bathroom dwelling at 20 St Georges Rd carries a $24-$25m guide – significantly more than the $19m the vendors, urological surgeons Uri Hanegbi and Karen McKertich paid Helen Stamoulis, the wife of late developer Spiros, in March, 2021.
The address made headlines when luxury car dealer James O’Connor paid businessman and ex-lord mayor Sir Maurice Nathan $1.01 in 1981. It was subdivided into two lots two years later.
Mr Chiminello is again the agent.
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