Melbourne’s hospitality royalty pocketed a $6 million gain in three years on a property sold to tanning mogul Kirstie Kirkham.
Melbourne hospitality family the Zagames have sold their Toorak mansion for at least $30 million, a $6 million gain in three years.The Zagames have sold their Toorak house.The deal concludes a quiet sale process for vendors Robert and Elizabeth Zagame, who have not undertaken a renovation since they bought the home in 2021 for $24 million from celebrity chef Shannon Bennett, of Vue de Monde, and his former partner, actor Madeleine West.
At that time, high-end buyers were drawn to the home’s extensive renovation, and were looking for more spacious accommodation after spending much of 2020 in lockdown. Interest rates were at record lows and the broader market was soaring.Three sources with knowledge of the deal but not authorised to comment publicly estimated the most recent sale price at between $30 million and $32 million.
Robert Zagame and his brother, Victor, runs hospitality empire Zagame Corporation, which owns a portfolio of Melbourne venues.
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