The resort-inspired pool at the Toorak home of Deague Group chairman David Deague and wife Kristene.
Prolific developer David Deague and his wife Kristene have put their European-inspired Toorak mansion on the market with a $30m-$33m range.
Mr Deague is chairman of his family’s property development and investment firm the Deague Group, a company responsible for several high-profile Victorian projects including Box Hill’s $330m mixed-use Whitehorse Towers site and a South Melbourne seven-level building that’s home to Southern Cross Austereo, which operates radio stations Fox FM and Triple M.
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The Deague Group is also behind a 350-home estate in Victoria’s High Country named Bright Valley, a 750-lot residential subdivision in Craigieburn and a nearly-500 apartment development in West Melbourne.
In 2017, the company sold its Art Series Hotels in Melbourne, Brisbane and Adelaide to the Mantra Group for $52.5m.
Multiple generations of the Deagues are involved in the family business which can trace its roots back to 1867 when their ancestor, William Hunter Deague, established himself as a builder after immigrating from England to Australia.
The basement doubles as an art gallery, in addition to having room for nine cars, a billiards and rumpus room, wine cellar and storage space.
The home’s owners, Kristene and David Deague.
The grand foyer is swathed in marble.
In April, David’s son and the group’s chief executive, Will, and his wife Natalie, purchased a $13.75m acreage in Merricks on the Mornington Peninsula.
And in 2022, crypto billionaire Ed Craven purchased a Toorak house from Will for more than $38m.
The Toorak mansion of Will’s parents, which is currently on the market, is set on a sprawling block featuring a swimming pool and spa, tennis court and landscaped terraces.
A water fountain adds to the garden’s tranquil atmosphere.
The kitchen opens to a living and meals area.
Sing us a song, you’re the piano man.
The online listing states that the European-inspired, five-bedroom residence showcases a marble-fitted foyer with a chandelier and sweeping wrought-iron staircase, seven bathrooms and a basement garage for nine vehicles.
Marshall White’s Marcus Chiminello and Mandy Zhu are managing the sales campaign.
Expressions of interest close at 1pm on June 23.
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