Revered chef and restaurant owner Teage Ezard has found a buyer for his extended and renovated Elwood Federation a month before auction.
The sale price of 10 Byrne Avenue is understood to be setting a suburb watermark – the guide being $6-$6.6 million when it hit the market a fortnight ago.
The record has been $6m since a waterfront on Ormond Esplanade sold in 2015.
In March a renovated five-bedroom red brick home on a 1025 sqm site at 124 Ruskin Street traded for about $5.45m.
Mr Ezard’s outgoing residence is on a c832 sqm parcel.
Byrne Avenue, a tree lined row in the stretch of Elwood’s esteemed “golden mile” between the beach and Ormond Road shops, is considered one of the suburb’s most exclusive. It is also quiet, being a no-through road for cars.
“This sale just demonstrates that even in difficult market conditions buyers will still make significant purchasing decisions,” Mr Langley said.
“Buyers wanting to purchase before June 30 are taking advantage of low interest rates with buyer demand still outweighing supply.
“Despite the negative market sentiment we remain positive about the market in the short term”.
The sale price, speculated to be over the upper end of the guide, would not be confirmed.
Eight kilometres south of Melbourne’s CBD, between St Kilda and Brighton, Elwood is renowned in real estate circles for its tree-lined streets and art deco houses and apartments (story continues below).
Ezard serves up Elwood’s priciest home sale
When the Ezard family bought 10 Byrne Avenue, it had already been renovated and extended: the multi-level new section off what would have been the outer wall of a red-brick Federation home.
The T-shaped structure allows a large north-facing backyard which is configured with a pool, spa and kitchen.
A basement includes a cinema, wine room with curing area and five car garage, part of which is used as a gym.
The new part of the home contains the formal lounge and dining room while the informal living and meals area is built at what would have been the back of the old dwelling.
The main kitchen, kitted in marble, includes a butler’s pantry and integrated fridge.
All up there are four bedrooms – one taking up the second floor – and a study.
The residence also includes hydronic heating, air conditioning, surround sound system and stone fire place.
The chef is behind some of Melbourne’s most exclusive eateries including Gingerboy and the eponymous Ezard.
In 2015 the Masterchef regular guest opened Levantine Hill Estate in the Yarra Valley.