Sassafras mansion returns to market with $3m+ worth minimize, however should still set suburb file

Two Sassafras mansions are competing for the suburb’s home worth file after returning to the market with hefty worth cuts.

A grand four-bedroom property at 4 Chudleigh Cres, beforehand dubbed “some of the vital homes within the Dandenong Ranges” has shaved an enormous $3.6m off its asking worth.

The Chateau Jardin Parfume acquired a glamorous makeover because it final offered in 2020 for $2.66m, now that includes a gold class-style cinema, aristocratic cigar room designed by luxurious Italian dressmaker Roberto Cavalli, and a staircase sourced from French and Belgian chateaus.

RELATED: Chateau Jardin Parfume: Sassafras ‘palace within the sky’ on the market

Sassafras home worth file: ‘Final trophy dwelling’ on the market

Sassafras Harry Potter manor brings magic to Dandenong Ranges market

New landscaping additionally noticed the addition of a vibrant floral backyard and numerous customized statues, together with Alice in Wonderland and a reproduction of Spanish artist Salvador Dali’s iconic Surrealist Piano sculpture.

After finishing the substantial renovation, the distributors listed their “weekender” pad for $8m-$8.8m in 2021.

Marshall White Manningham director Brenton Linmeiers stated that itemizing was pulled after a purchaser who made a suggestion of about $7m didn’t comply with by with the sale.

It’s now again in the marketplace with a greater than $3m haircut to its price ticket, with Mr Linmeiers main the brand new $4.9m-$5.2m itemizing at the side of Peninsula Sothesby’s managing director Rob Curtain.

“The distributors are motivated as they’re transferring to Queensland,” he stated.

“It’s spectacular, the quantity of labor they’ve put into it, even simply with the landscaping … folks would pay cash simply to wander the grounds.”

If it sells inside its asking vary it is going to set a brand new file for Sassafras — however not if a close-by mansion at 2 Aurora Rise sells first.

The latter has been relisted with a 5.4m-$5.9m worth information, about $500,000 under its earlier listed worth of $5.4m-$5.9m final yr.

Named Abingdon and described as “the final word hills trophy dwelling”, the six-bedroom retreat can also be within the working for the Sassafras residential home worth file, at the moment held by the $3.1m sale of 10 The Crescent in 2020.

Bell Actual Property Olinda agent Corinne Sukroo has the itemizing.

Mr Linmeiers added the realm was gaining traction with the approaching $100m redevelopment of the historic Burnham Beeches property in close by Sherbrooke, which is slated to host Australia’s first luxurious Six Senses resort.

Beforehand owned by movie star chef Shannon Bennett, the 22ha website offered final yr for $16.6m to The Trenerry Consortium, backed by the wealthy lister Smorgon household.

The consortium, which just lately accomplished the $100m improvement of Sorrento’s Continental Resort, includes the Victor Smorgon Group, Kanat household and developer Trenerry Property.

Its Burnham Beeches venture is anticipated to achieve completion by 2025.

---

Signal as much as the Herald Solar Weekly Actual Property Replace. Click on right here to get the newest Victorian property market information delivered direct to your inbox.

MORE: Heritage Hawthorn dwelling that was destroyed by fireplace will get restored, sells for $9.8m

Melbourne windmill the place Kath & Kim’s Gina Riley was a ‘door bitch’ searching for $15m

Two unbelievable Hawthorn mansions hit the market, Avon Courtroom set to problem suburb file

[email protected]