Saint Cloud Mansion, South Yarra, Withdrawn From Sale

Sources say a 2006 asking price of about $12 million was pushed to more than $15 million after the prestige property boom that caught everybody by surprise last year caused land values to surge.

However, much of that price included expensive fixtures and fittings used in the bold home, which most prospective buyers wanted demolished, sources say.

Saint Cloud is owned by Peter Clark, who co-founded management consultant Clark Hummerston Group. Mr Clark splits his time between homes in Britain, Lorne, Mount Macedon and Mornington Peninsula.

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Marc Pallisco

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

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