A newly built Toorak house featuring a six-car garage and a bar in its home theatre has sold after being listed with a $20m-$22m asking range.
The five-bedroom home was built by a developer who purchased the block at 10 Highgate Hill for $5.75m in 2020, records show.
Kay & Burton Stonnington partner Oliver Booth declined to comment on the sale price, but said he received five offers for the abode during an expressions of interest process.
“We had over 175 groups through the home,” Mr Booth said.
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Most buyers were attracted by the combination of the residence’s newness and quality build, he said, adding that many buyers were reluctant to build at the moment due to high materials’ and labour prices, plus lengthy project times.
He highlighted that spending big on a new or renovated Toorak house could often be cheaper – and less hassle – than buying a land block, engaging an architect and waiting months or years for a home’s design to be approved by the local council.
Set on 790sq m, the house’s concept was the brainchild of late architect David Watson.
Following his death, another architect, South Yarra-based Christopher Doyle, finished the design, while famous landscape architect Jack Merlo created the gardens.
An infinity pool, spa and courtyard feature in a courtyard, while the outdoor entertainer’s area is fitted with an Italian Artusi grill.
Inside, the kitchen and dining space is equipped with a marble-clad island bench, black American oak veneer cabinetry, Gaggenau appliances and a Sub-Zero fridge and freezer, plus a butler’s pantry with Miele appliances.
On the first floor, the main bedroom comes with a dressing room and a freestanding bath and walk-in shower in the ensuite.
The second level has bar area and balcony offering Melbourne city views.
Apart from underground parking for six cars, the lower ground floor includes a fully-fitted home theatre with custom-made furniture, bar with a wine fridge, wine cellar and gym.
Elsewhere, there are three powder rooms, an office, lift and marble flooring.
Mr Booth said a Melbourne-based purchaser snapped up the house and plans to live their with their family.
“There’s always demand for brand-new, high-end finished, good family homes in Toorak, Malvern and Armadale,” he said.
“Unfortunately the supply’s just not there at the moment.”
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