It is a downsize, Toorak-style.
A family from Melbourne’s wealthiest suburb has paid $9 million for a brand new mini-manor at 3 Stonnington Place, with 595 square metres of liveable space and a 160 sqm basement.
It will move from an even bigger family home in the area.
Marshall White’s Marcus Chiminello marketed 3 Stonnington Place for prestige builder Glenn Eagles.
The price is particularly impressive given the relatively small land component – 434 square metres.
But Stonnington Place is within a blue-ribbon belt agents call “AAA-Toorak”.
The street runs off Albany Road, considered Melbourne’s most prestigious row.
In 2017, it was reported that Premier Investments chief executive officer Mark McInnes paid $12.3 million for a Stonnington Place home.
Other neighbours include the Valmorbida family, of wholesale food and coffee fame, Seek co-founder Matt Rockman, and Gerry Ryan, who established Jayco Caravans.
Mr Eagle’s construction company, Glenneagles Homes, employed architect Drew Cole to pen the Georgian-styled 3 Stonnington Place.
The dwelling includes five bedrooms, six bathrooms, a theatre room, attic, wine cellar, butler’s pantry, three lounge rooms and a four car garage.
Interior designer David Hicks was also involved in the project – his third for Glenneagles Homes.
Mr Hicks was recently appointed to design the interiors of Tim Gurner’s St Moritz development, set to replace the Novotel hotel at 14-16 Esplanade, St Kilda.
In 2013, Mr Eagles rented his then-family home in Armadale to producers of Chris Lilley’s ABC TV show Ja’mie Private School Girl, for use as the lead character’s mansion.
This French Chateau-styled dwelling in Adelaide Street then sold for about $9 million in 2015.
Mr Eagles has appointed Mr Chiminello to sell another new home, 19 Denham Place, Toorak, which is under construction next door to 3 Stonnington Place. It is also expected to sell for about $9 million following a marketing campaign scheduled to begin in July.
Toorak is considered Melbourne’s most exclusive suburb, and priciest when measured by median house value. The median price for a four-bedroom home in the suburb, according to realestate.com.au, is $4.6 million.