The price of SA’s highest public house sale can now be revealed, with Land Services SA records revealing the eye-watering sum fetched by the stunning Unley Park manor.
According to property records, the five-bedroom 4 Victoria Ave, Unley Park property settled last month for a whopping $12.5m.
Sitting on a 2287sqm allotment, and offering some 640.6sqm of indoor and outdoor living space, and complete with a sauna, a pool and spa, and a grass tennis court, the 1920s-built home eclipses the previous record for an on-market sale of $10.5m for modern masterpiece Elysian at 9 Robe Tce in Medindie in 2021.
An on-market transaction refers to a transparently-sold property listed on public search portals, such as realestate.com.au.
The property’s final sale price was still $1m behind SA’s record transaction – $13.5m for the off-market sale of local businesswoman Mary Kotses’ 70 Pennington Tce, North Adelaide home in 2021.
Selling agent Penny Riggs of Alexander Real Estate said while some prestige properties could take a long time to find buyers, this one was sold in just five days.
“We had four offers over $10m and they were all Adelaide businesspeople,” she said.
“It’s exciting for SA that we’re seeing that sort of pricing now and I think it will encourage more people with large properties to come to the market.
“I think it’s a great confidence boost for Adelaide.”
The sale makes it a new record residential sale for the blue chip suburb, eclipsing the $7.65m fetched in February for a five-bedroom home at 21 Whistler Ave, Unley Park.