Crypto king Ed Craven has paid $80 million for a derelict house in Toorak and plans to build a new home on the block.
by David Yu, whose corporate entity owned the home, and was reported to be seeking a buyer off market more than two years ago. The home last traded for $5 million in 1991.
Elsewhere, 17 St Georges Road has also found a buyer, and one source familiar with the deal but not authorised to speak publicly put the price at just shy of $75 million.The grand home was listed with a price guide of $65 million to $70 million and has been marked as under offer on its online listing.
Chiminello confirmed the home is under contract at a higher price than the guidance range, but would not be drawn on the exact price or the details of the buyer.Known as Blair House, the Georgian Revival home is set on an oversized block of 7800 square metres and comes with a tennis court, kitchen with butler’s pantry and AGA oven, separate guest accommodation, expansive lawns and north-facing gardens.Chiminello said Melbourne’s prestige market has gone “from strength to strength.
Victoria’s previous house price record was $52.5 million for the mansion known as Stonington, in Malvern,
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