Nationwide News Pty Limited Copyright © 2020. Expressions of interest close February 28 with interested parties invited to offer to acquire the whole of the estate or one or more of its individual lots. The current house price record sits at $26 million set when investor John Higgins, who made his $593 million fortune largely thanks to the canny investment in Polish beer back in 1990, bought Spanish-style mansion "Ilyuka" from former Computershare director Michele O'Halloran in 2010. Portsea is not short of wealthy, high-profile residents with impressive cliff-side homes. In 2010 he sold his house in Brighton for $9 million to panel beating mogul and founder of Capital SMART Jim Vais. Listings surge points to strong late Christmas, early New Year market, Stockland restocks for $180m in Melbourne's south-east, Welcome to TikTok houses: homes for young influencers, Two iconic homes sell for $19.8m to the same buyer, Perks companies use to get workers back to their offices, Fire, smoke and steam add ancient drama to new food venue, Why slogomania has overtaken logomania in fashion, Italian inspiration meets Australian flavour in new liqueurs to love, Six things I learnt from trying 20 online courses, Rich Listers win with boards that can say no, Screen star Marion Cotillard turns her hand to jewellery design, Leaving home at last: travel within your region awaits, Why Norway means peak romance for this CEO, Rich Lister Tony Haggarty offloads $26m of prime grazing country, Australia's cattle kings and queens on top of the world. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites.

John Fisher, who co-founded Zenith Interiors in 1990, and his wife Jenny are selling their Hamptons-inspired residence on the Portsea clifftop in Victoria after buying an older home on the land 12 years ago for just $2.3 million and rebuilding. 1999$7.5 million purchase price, Michele O’Halloran. The home was built by engineering consultant Chris Livitzanis. Billionaire Lindsay Fox, of trucking and logistics company Linfox, has established a 16,000sq m compound close to Millionaire's Walk while veteran property developer, and fellow AFR Rich Lister Max Fox, lives further down Point Nepean Road on a private 8000sq m block with a tennis court and courtyard pool. The house sold through Liz Jensen, of Kay & Burton, but she declined to comment on the specifics of the deal. Don't have an account? Mr Curtain believes Ilyuka would be worth about $50 million if it were on the market today. Set in stunning park-like grounds and sited on Portsea’s clifftops over Port Phillip Bay, Ilyuka was built by an American oil baron in 1928 as the ultimate symbol of wealth and prestige. VICTORIA'S house price record has been smashed with the sale of Portsea cliff-top mansion, Ilyuka. Millionaire and former Computershare director Michele O'Halloran will break the record for a Victorian residential property if her cliff-top Portsea mansion sells for its asking price of more than $20 State [1/2] B6117 Iluyka [2/2] B6117Iluyka Kay & Burton . Both properties are near the Portsea compound owned by the Fox family and Ilyuka, on Point King Road (the Sorrento border). Price? BUILT in 1909, the historic Nee Morna estate is one of the original Sorrento trophy mansions on the Mornington Peninsula, an upper-class beachside spot located about an hour and a half south of Melbourne. Sign up to RMA news for monthly updates on Rob Mills projects, 
insights and special events. Is that ego getting out of control? "This one has been three years in the making but each one I do I get a bit better at it," he added. The architect-designed home, which Livitsanis built after he bought the property in 2015, is understood to have sold to pharmaceutical and medical cannabis consultant Con Tangalakis. Listings surge points to strong late Christmas, early New Year market, Stockland restocks for $180m in Melbourne's south-east, Welcome to TikTok houses: homes for young influencers, Two iconic homes sell for $19.8m to the same buyer, Perks companies use to get workers back to their offices, Fire, smoke and steam add ancient drama to new food venue, Why slogomania has overtaken logomania in fashion, Italian inspiration meets Australian flavour in new liqueurs to love, Six things I learnt from trying 20 online courses, Rich Listers win with boards that can say no, Screen star Marion Cotillard turns her hand to jewellery design, Leaving home at last: travel within your region awaits, Why Norway means peak romance for this CEO, Rich Lister Tony Haggarty offloads $26m of prime grazing country, Australia's cattle kings and queens on top of the world. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites.

The shed, which has no running water and isn't connected to power, is one of a row of shacks on the beach that rarely come up for sale. In 2003, Ms O’Halloran sold a 742-square-metre former ”vegie patch”, part of the estate, for $1.6 million. One of Australia’s most significant properties, Ilyuka evokes a sense of history, elegance and timeless sophistication. December 15, 2010 12:00am. You don't have neighbours breathing down your balcony," he added. The home on the Portsea cliffs sits on 2,800sq m. Mr Curtain said "entry level" prices on the clifftop were about $12 million to $14 million, and that was just for the land. $20 million and it’s yours. The Fishers more recently acquired the adjoining block behind the house and added a tennis court and pavilion.
"There could be a bit of 'Look at me, I've made it'. The Portsea price record is held by the 1920s mansion 'Ilyuka', which sold to investor John Higgins in 2010 for $26 million. The Sisters in nearby Sorrento sold in 2008 for $19 million and set a Victorian record, breaking the previous highest price set when art dealer Rod Menzies paid $18 million to Hamton developers for the Stonington mansion in Glenferrie Road, Malvern. The carefully considered restoration drew on RMA’s address book of skilled craftspeople to ensure that the contemporary work fits seamlessly with the original design. It’s one of the best properties you can get on the cliff.”. Portsea cliff-top properties, squeezed onto an outcrop where Port Phillip Bay meets Bass Strait, are generally among the most expensive in Victoria and are tightly held by their wealthy owners. The stuccoed walls are austerely detailed, with ornament and wrought iron generally confined to points of entry. “Properties such as the Red Hill Estate Winery, Eagle Ridge and Moonah Links Golf Course are all examples of strong Chinese interest that is moving into this part of Victoria. 2003$1.6 million sale price for a 742-square-metre former ”vegie patch”, part of the estate by O’Halloran. Norris, an architect of note in Victoria during the interwar period, had recently returned form touring the United States and was clearly inspired in the design of Ilyuka by the California, Santa Barbra and greater Los Angeles in particular. Portsea and Sorrento are neighbouring towns located on the shores of Port Phillip on the Mornington Peninsula. Selling agent Ross Savas, from Kay & Burton, said Ilyuka, a Spanish mission-style, sprawling house built for American oil tycoon Harry Cornforth in 1929-30, would be marketed globally following a formal launch during the spring racing carnival.


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