Toorak mansion sells after nine months, $10m-plus discount
Neota chairman John Lord and his wife, former fashion executive, Sue, have sold their contemporary Toorak home after nine months.
The six year old Ilario Cortese designed home at 2-4 Macquarie Road is speculated to be collecting c$65 million.
It hit the market in March with $75-$82.5m price hopes.
In May, it was relisted with a $70-$75m guide.
The deal is still Victoria’s priciest for a home this calendar year – and the second largest nationally after (excluding off-the-plan) Alooringa, in Sydney’s Bellevue Hill, which food blogger Stephanie Conley-Buhre offloaded for $80m in September.
The Macquarie Rd dwelling is Victoria’s third most valuable to date following the c$80m sale of 29 St Georges Rd, Toorak, and $74.5m trade of #17 in the same street, both in 2022.
Forbes Property Group’s Robert Fletcher and Michael Gibson were the agents.
Five year build
The Lords paid $13.5m for the 3297 square metre Toorak site in mid-2008 (story continues below).
The mansion took five years to build from 2013; over four levels it contains six bedrooms, two studies, a library, art studio, bar, gym, and formal and informal living and dining areas.
There is an eight seat cinema and eight bathrooms too.
The block is also designed with a tennis court, surrounded by Canary Island date palm , sitting over 330,000 litres of water storage and infrastructure, a 20 metre mosaic tiled heated infinity pool and outdoor terrace.
Paul Bangay penned the gardens.
The dwelling is near two homes Phoenix Lithium chief executive officer and horse trainer, Nick Wakim, acquired earlier this year – on Albany and Myoora roads – for a combined c$40m, with plans for a new build.
Coincidentally, Mr Gibson struck that deal too.
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