A multi-million dollar mansion resembling the White House in Melbourne’s affluent suburb of Toorak has sold for an exorbitant $11.5million to a local family after more than 140 groups inspected the property.
The 1,158-square-metre block fitted with personal lifts, a six-car garage, indoor lap pool, billiards room and a flood-lit tennis court was anticipated to be sold for $9-9.9million, but exceeded expectations by nearly $2.5million.
The ‘ongoing demand for big Toorak homes’ helped increase the mansion’s price tag with six parties putting in offers, real estate agent Oliver Booth told realestate.com.au.
The buyers, a local couple with two children, ‘just loved the grandeur’ of the house, Mr Booth said.
A multi-million dollar mansion in Melbourne’s affluent suburb of Toorak is new on the market and has a striking resemblance to the White House
Victoria’s White House is a three-storey mansion fitted with personal lifts, a six-car garage, indoor lap pool, billiards room and a flood-lit tennis court
The mansion features a grand staircase complemented with huge crystal chandeliers hanging from its impressively high ceilings
Home goals: One of the spa ensuites in the Toorak multi-million dollar mansion featuring his-and-hers bathroom sinks and mirrors
The three-storey presidential pad is still a bargain compared to Trump’s White House, which is valued at $400 million.
Although the previous homeowner never intended his house to resemble the U.S. president’s official residence, he did want it to be a ‘landmark’, the real estate agent said.
The five-bedroom, five-bathroom mansion is relatively new and was only built in the early 2000s.
A grand staircase complemented with huge crystal chandeliers hanging from impressively high ceilings awaits its guests at the entrance.
While 53 St Georges Road was first sold at $785,000 in 1981 and $1.42 million in 1999, it sold for $11.5 million – over eight times its last recorded price.
The Toorak mansion has turned heads because of its uncanny resemblance to the White House (file photo)
53 St Georges Road was sold at $785,000 in 1981 and $1.42 million in 1999. It sold for a whopping $11.5 million in 2018 to a local family
The three-storey mansion includes an indoor lap pool and floodlit tennis court next to its outdoor alfresco dining area
The five-bedroom five-bathroom mansion is relatively new being built in the early 2000s and includes an indoor lap pool
The Melbourne mansion’s kitchen includes an immense marble island, premium Miele appliances and a walk in pantry
The imposing mansion is on 53 St Georges Road which houses some of Melbourne’s priciest real estate.
Houses like this one are in demand in the area, with many families willing to spend ‘well over $20 million’, Mr Booth revealed.
The problem seems to be there is not enough available housing to meet the demand.
‘I’ve got all the buyers, I just don’t have any stock,’ Mr Booth explained.
‘They’re looking for a large family house with five bedrooms, a pool, tennis court, garaging.’
Just last year a house down the road at 18 St Georges Road sold for a whopping $40 million – the highest record price in Victoria at the time.
One of the huge open-plan entertainment rooms connects to the Miele kitchen and overlooks the outdoor tennis court
Alfresco outdoor area with a stone dining table seats eight people. The backyard also includes a flood-lit tennis court
The multi-million dollar property is also walking distance to Heyington Station, private schools and Toorak Village
The Toorak home holds five deluxe bedrooms matched with five bathrooms as well as his and hers walk-in robes
Homeowner told real estate agent Oliver Booth he wanted his house to be a ‘landmark’ but never intended it to resemble the White House
The 1158 square metre block sold for $11.5 million which is a bargain compared to Trump’s $400 million White House