56 Hoff Street, Mount Gravatt East
Replacing a post-war house on a double block, Paul and Yiota Russo built two modern five-bedroom homes, contributing much-needed housing to a fast-evolving Brisbane suburb.
Mr Russo, a civil engineer, said he enjoyed the challenge of creating a home for his growing family in Mount Gravatt East, an area undergoing a generational shift.
“It’s a fantastic area for families where many of the older homes are being rebuilt or renovated,” he said. “We’ve been very well-supported through the development process.”
With their third child on the way, the family has listed their “forever home” at 56 Hoff St for sale.
The sleek home has a pool and al fresco entertaining area
The sleek five-bedroom, three-bathroom home is marketed by Place Woolloongabba agents Savva Koulouris and Michael Garcia.
The Russos purchased an 810 sqm block for $877,000 in 2017, undertook a subdivision, and demolished the old three-bedroom house to make way for two three-storey homes on separate titles.
The first home was built during the pandemic and most recently sold for $1.85m in 2022.
Built by Gant Constructions, each home was designed to maximise the captivating mountain views across a 405 sqm hillside lot.
The home was designed to capture beautiful mountain views
At 56 Hoff St, a stylish kitchen with LED-lit stone benchtops anchors open-plan living areas crowned by a double-height void.
Outdoor spaces include a spacious front balcony, rear al fresco patio, barbecue kitchen, pool, and flat backyard.
A guest bedroom is downstairs, while timber stairs lead to the remaining four bedrooms, including a lavish master suite, along with a study nook and media room.
The home is within walking distance to public transport, cafes, restaurants, gyms, and shops, and is close to good schools and Griffith University.
High-quality, contemporary finishes throughout
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Mr Koulouris said Mount Gravatt East was emerging as a hub of new development that was well-supported by the area’s relatively young demographic.
“We are seeing that next ring out of the city is now starting to be developed, purely for its land availability in a location that offers good amenities and accessibility to the CBD,” he said.
“Over the next five to six years, we will see more and more construction of bigger homes on smaller parcels of land.”
Paul and Yiota Russo, pictured with daughters Angelina, 2, and Maree, 3, are selling to take on another project. Picture: Nigel Hallett
With the countdown on until the arrival of their new baby, Mr Russo and his accountant wife are preparing to take on another project, this time at Holland Park close to Mrs Russo’s parents.
PropTrack data shows house prices in Mount Gravatt East increased by 14.9% over the past 12 months, reaching a median of $1,203,250.
The property is being sold via an expressions of interest campaign.
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