St Georges Rd, Toorak mansion listed for record breaking $65m-$70m

A historic Toorak property dubbed “Melbourne’s most significant estate” is on the list for a mega $65 million – $70 million that would shatter Victoria’s residential record.

A historic Toorak property dubbed “Melbourne’s most significant estate” is on the list for a mega $65 million – $70 million that would shatter Victoria’s residential record.

The circa 1939 Georgian Revival mansion at 17 St Georges Rd was designed by Melbourne architects Hughes and Orme and has not been sold since the 1970s.

The property is being sold by the family of the late engineer Radovan Basil Nanut, who died in 2004, leaving the estate to his wife, Marguerite, and three children James, Pia and Elizabeth.

RELATED: Toorak house price record: Benchmark crushed by $40 million plus sale of wealthy Healey family home

Malvern’s Stonington Mansion Sets Victorian Home Price Record

Toorak mansion of the late John McMurrick to sell for more than $19 million

The stately mansion was the center of a bitter family feud, with James launching legal action against his two sisters and mother last year.

The property was appraised at approximately $20 million when Mr. Nanut’s will was written in 2005.

But court documents seen by the Herald Sun show that James estimates the value between $60 and $70 million.

Title documents confirmed Mr. Nanut’s siblings and wife as the “legal personal representative(s)” of the estate.

The incredible 7,854 sq ft estate features a tennis court, Victorian glasshouse and separate guest house set amongst the botanical gardens which are in the grounds of Melbourne’s former government building, Toorak House, discreetly set back from the street behind high walls and a long driveway.

The city’s top buyer’s attorney, David Morrell, said it was “one of Melbourne’s top 10 homes” but would require a “$15 million reno.”

Marshall White sold the property last time and will do so again this time, with Marshall White Stonnington director Marcus Chiminello handling the offer.

St Georges Rd is widely regarded as Melbourne’s premier street, with its grand mansions and prestigious address sought after by the city’s wealthiest and regularly attracting eye-watering sums.

The late businessman John McMurrick’s estate at 51 St Georges Rd sold for more than $19 million last month.

Victoria’s highest-reported home sale is that of Malvern’s historic Stonington Mansion, which grossed $52.5 million in 2018.

Toorak’s reported residential record was set last year with the sale of 47 Lansell Rd for $43.1 million.

That property was picked up by Chemist Warehouse boss Sam Gance, who is the partner of Real Housewives of Melbourne star Janet Roach.

It was sold by international businessman Mark Healey – the son of British billionaire Eddie Healey – and his wife Kelly.

A private sales campaign for expression of interest for 17 St Georges Rd will conclude on 8th August.

— with Alanah Frost

Sign up for the Herald Sun Weekly Real Estate Update. Click here to get the latest news on the Victorian property market straight to your inbox.

MORE: Werribee House Price Record: Historic Home Could Raise the Bar by $2M

‘Mullet houses’ transform Melbourne’s historic streets behind closed doors

Gina Liano lists spark plug Brighton apartment

Originally published as St Georges Rd, Toorak mansion is listed for record breaking $65m-$70m

Read related topics:Melbourne

Leave a Comment