Amelika, the Byron Bay hinterland trophy home designed in the white-box architectural style, has been sold.

Tom and Emma Lane had their Federal home listed with $3.5 million plus hopes through Unique Estates agents Nicolette van Wijngaarden and Ruth Gotterson.

It is a 10 hectare Blackbean Lane property which the Manly businessman bought for $4 million in 2011.

Tom Lane is from the family who founded the Oroton fashion empire, but left the family business, and now is a Byron Bay agri-tourism entreprenuer heading up The Farm.

They currently have their Manly home listed with $10 million plus hopes with McGrath agent Jake Rowe.

Designed by its previous owner, architect Sharon Fraser, Amelika is a bespoke single-level house built on a flat block of land where only a 100-year-old cudgerie tree blocks some of the 360-degree views of the northern NSW coastline and surrounds. After its 2008 completion, it received recognition in the Australian Institute of Architects in its NSW country division awards.

The 10-hectare holding came with two minimalist sculptures by Melbourne artist Peter McLisky, along with a windmill and dairy converted to an artist's studio.

There is also an 18-metre pool. It has been available at $4000 plus a week rental.

The home's green initiatives include solar-heated hydronic underfloor heating in its polished-cement floor and on-site waste management. It has retractable shading on external western walls that double as mosquito screens.

Down on the beach at Wategos come whispers of a $9.5 million sale. The directors of the Evolve College, formerly Australian College of Massage, Robert and Deborah Wild, have sold their beachfront reserve duplex on Marine Parade which they bought in 2012 for $7.25 million. 

This article was first published in the Sunday Telegraph.

The veteran yachtie Matt Allen has cleaned the decks of his prestige eastern suburbs property oversupply by selling Yoorami in Bellevue Hill for $15 million plus ahead of this week's scheduled auction.

It took its time however, having been on the market for just over two years before the Ray White sale of the six bedroom, six bathroom estate.

Allen is now ensconsced on the waterfront in Darling Point after paying $32 million in 2013 for the home of the late Sir William Tyree. Allen is busy lining up for his 26th start in the Sydney to Hobart Yacht Race on Boxing Day in his ocean racer, Ichi Ban.

The 1920s Victoria Road Yoorami has been restored by architect Michael Suttor with interiors by Thomas Hamel, retaining its grand period detail.

The private 2903 sqm gardens come with tennis court.

Matt bought the Yoorami estate for $5.65 million in 1996 from barrister Geraldine Vandeleur, wife of silk Charles Sweeney.

Of course Yoorami came to prominence when builders Bill Shipton and Zaro Elizov were reinventing Sydney's top-end mansions in the mid-1980s.

Villa Rocca Bella, the Whale Beach oceanfront retreat of the late soprano Dame Joan Sutherland sold in one of the quickest sales on the pricey northern beaches this year.

The four bedroom, 1950's home on a double block was bought by Lorraine Tarabay, wife of Rare Infrastructure fund manager Nick Langley.

Whispers of a $6.9 million sale proved correct.

It was 38 years ago that it sold for $167,000. 

The three level house has been little used in recent times by her husband Richard Bonynge, who calls home Montreux in Switzerland, but keeps a bolt hole in Potts Point.

This article was first published in the Saturday Daily Telegraph.

Bishopscourt, the Anglican Church's redundant Darling Point trophy home after being perceived by church activists to be too grand, has been sold for just $18 million.

Bishopscourt, at 11 Greenoaks Avenue, is one of Sydney's most historic sandstone mansions. Details of an independent valuation of Bishopscourt by Colliers International obtained by Property Observer assessed the market value of the property as $24 million in 2009, when Sydney's $420,000 median dwelling price was almost half the current $810,000.

The sale price of the 6100 sqm holding reflected $2900 a square metre. Albeit nearer the harbour, Atherfield, another Gothic home listed currently with Christies International, comes with price hopes of more than $15 million, reflecting $13,000 per sqm. The $15 million Bellevue Hill Yoorami estate sold at $5200 a sqm last week. Darling Point's top sale remains last December's $23.2 million price secured for a contemporary home through the Agency by Coopes on Eastbourne Road at $25,000 a sqm.

Eastern suburbs estate agents always gave it a probable $25 million sale price, but the church spokesman Russell Powell recently sought to dampen expectations saying: “It is a very unique property but it isn’t the sort of place that a rock star would want to live in.” 

It was instead sold with lengthy delayed settlement terms to a buyer who fell in love with its gardens.

The $18 million sale price fell short of entry onto Sydney's top 10 house sales on 2015.

The property has been on and off the market for several years, with Craig Pontey at Ray White Double Bay coming up with the difficult sale. It was suppose to happen Tuesday with the church press release issuance delayed until today, Wednesday.

Millions will now likely be spent on its modernisation by the local buyers who will keep it as a residence.

The iconic 1840s Darling Point property had been expected to attract enormous local and international attention, but in the end Craig Pontey had just two local buyers for the heritage listed offering.

Neighbouring school Ascham wasn't that interested. The Moran family seem content with their nearby castellated abode, The Swifts, another Gothic home for archbishops in Darling Point, which was sold by Catholic Church in 1986 for $9 million.

"Not since the sale of Swifts has a similar property been brought to market," Craig Pontey said on its initial 2012 offering. 

The picturesque 1850s Darling Point mansion has been with the church since it paid £6,750 in 1910, so by next year's settlement some 106 years.

It's been home to eight archbishops, including Sir Marcus Loane, Donald Robinson, Harry Goodhew and its present occupant, the 12th archbishop of Sydney, Glenn N Davies, who recently called upon Sydney Anglicans to not only to pray for Syrian refugees but to prepare to provide a warm and generous welcome, coupled with practical assistance.

In the past the church has baulked at selling Bishopscourt, having contemplated it in 1963, 1982, 1991, 2001, and most recently in 2010 when defeated by the narrowest of margins.

In April 1993 Bishop Goodhew, when he was Archbishop-elect, stated “I think the time has come for the diocese to build a new residence for the bishop; one which is functional but not opulent”. No further action, however, was taken and Archbishop Goodhew moved in.

The latest decision to sell falls against the backdrop of the synod's reduced financial capacity after shocking stock market losses following the 2008 global financial crisis. It also poored fairly in its neighbouring residential apartment project.

Many of its parishes have revenues below the requisite amount so face the threat of ceasing to be a parish and becoming a provisional parish. The parishes of Willoughby East, Leichhardt and South Sydney have been among those on notice in recent times, along with the parishes of Auburn, Balmain, Bankstown, Coogee, Enmore/Stanmore, Kingsford, Mulgoa, Mt Druitt and Watsons Bay. 

Some church members argued that Bishopscourt produced no income, but cost at least $100,000 annually to keep in good repair. The Rector of Fairfield, Peter Lin, advised the synod in 2012 that $2 million dollars had been spent on the chimneys. He added some members of his congregation had been "scarred" by their visits there because the opulence contrasted with the way Christians lived in other countries, the Anglican press report of the 2012 sale debate noted.

Both something of exaggerations, as Property Observer understands maintenance and conservation work (excluding staff wages) undertaken at Bishopscourt in the a recent eight year period totalled $2.94 million, averaging therefore $368,000 per year.

Bishopscourt, which could revert to its earlier names of Percyville or Greenoaks, sits among the handful of pioneer homes to have survived from the 1850s.

Flowered in sandstone Gothic extravagances, it was built for the pioneer Thomas Sutcliffe Mort, who built an empire on wool, dairy, meat, mining and shipping.

The residence - mostly obscured by the fig trees on its 6216 square metre holding - was designed by architects John Hilly in the 1850s and Edmund Blacket in the 1860s. It was built around an original three-roomed 1835 cottage built for an ironmonger, Thomas Woolley.

Mort was a great supporter of the church, giving it the nearby land to build St Marks.

The church bought the estate from a land speculator in 1910, 32 years after Mort's death in 1878 and the departure of his family.

Prior to the purchase of Bishopscourt previous Bishops of Sydney had lived in a rented house in Darlinghurst (1837-1852), a rented house in Millers Point (1855-1857), and then a new house built in Randwick (on land exchanged for a site in Newtown) (1858-1911).

Shortly after his consecration in 1909, Bishop Wright had observed that the property in Randwick that had served as the residence of the Bishop of Sydney for over 50 years was “too far from the centre of things to be a city dwelling; not far enough out to be a country retreat”. The next year the Diocese bought the Greenoaks property in Darling Point. 

The Bishopscourt Sale Ordinance 2012 authorised the sale of Bishopscourt at any time within five years after the date of assent to the ordinance, ie by October 2017.

The 2012 synod was told an real estate agent familiar with Bishopscourt had indicated that there were buyers who are interested in such rare ‘icon’ properties, and that buyers in this market are not unduly concerned by the heritage issues involved.

"This view has been confirmed more recently by some other property professionals with a good knowledge of the current market for properties in the relevant price range in the Eastern Suburbs.

"It is considered that given the prevailing market and the ‘uniqueness’ of Bishopscourt its true value will not be known until expressions of interest are sought."

The sales subcommittee received indication from the real estate agent familiar with Bishopscourt that a number of potential residences would be available in the price range of $5 million to $7 million, subject to whatever requirements the Diocese may wish to include for entertainment areas and guest accommodation.

"Several of these properties have been viewed and deemed suitable," it noted, but no purchase has yet been advised.

Bishopscourt, symbolic of the Anglican Church’s historical place in the city of Sydney, includes sizeable gardens, accommodation for up to 12 guests, a conference room for 20, dining room seating up to 36, and off-street parking for 10-15 cars.

"Attempting to replicate these in an alternative residence would be difficult and the cost would be prohibitive," the synod was warned.

"The Archbishop’s ministry will always involve hospitality and entertainment, and the facilities for this should be available in a new residence.

"While recognising the potential any sale and purchase has to attract unwelcome publicity, the Standing Committee does not see that issue as sufficient to warrant the retention of the present property.

"Indeed, if well handled the sale of Bishopscourt should be seen for what it is, the most responsible course of action." 

Bishopscourt is one of the assets held by the Anglican Church Property Trust in the EOS’s capital fund. The Endowment of the See (EOS) - the fund from which distributions are made to support the office of the Archbishop - has been under financial pressure for some years despite making considerable savings in its expenditure, with a reduction from $7 million in 2008 to approximately $3 million per annum in 2012.

It was largely achieved by a reduction in staffing from 27 to 17.

Casino tycoon James Packer's $70 million Vaucluse sale easily took line honors last year as the priciest trophy home ever sold in Sydney.

But Villa Igiea, the magnificent European style villa not too far away in the pricey neighbourhood, cruised into second place when sold on New Year's Eve by Dr Wayne Burt, its entreprenurial expat owner during the final business hours of 2015 across international time zones. 

He has worked at Macquarie Bank, Deutsche Bank and Bain Capital, and is best known for founding Austar Communications, the regional pay-television company sold to Liberty Global.  

Its unconfirmed $52.5 million price possibly places it in second spot on Sydney's all time prestige sales list. 

The hillside mansion, inspired by the grandest of villas in Palermo, Sicily, dates back to the 1920s when built for the Grace retailing family.

Investment banker Dr Burt and his Swedish wife Helene lived there for six years with their four young children but are now based between Switzerland and Ibiza.

It has become one of Sydney's leading short term luxury rentals, occupied by Texan billionaire Jim Clark and his wife, Kristy Hinze-Clark as their Sydney to Hobart race-winning bolthole.

Secrecy surrounds the buyer, but it was quickly understood not to be the renters, who knew of the listing as the Clark's have been house hunting.

Unconfirmed reports has it bought by interests associated with  “Jim” Shangjin Lin, managing director of property developer, Aqualand.

The on-off-on sale, signed off without any Foreign Investment Review Board requirement, comes after Packer's $70 million sale in August which helped re-align top end pricing.

Neither Packer's La Mer or Villa Igiea ever hit the open market - and by coincidence La Mer is briefly a summer rental as the former co-owner Erica Packer stays on after the title was transferred into property developer Dr Chua Chak Wing's name mid-December.

The bullish Villa Igiea price was secured by Ken Jacobs at Christie's International and Brad Pillinger at Pillinger Properties, who has had a hand in its sale three times.

"What a remarkable year when all four top sales were hillside, not harbourfront, two in Vaucluse and two in Point Piper" said Jacobs, who also secured the Packer sale. 

Villa Igiea was the long-time home of the late TNT transport tycoon Sir Peter Abeles and then his widow, Lady (Kitty) Abeles.

Its first update came during the McWilliam family’s ownership, then its contemporary refurbishment by Paris designer India Mahdavi which featured in the April 2013 Vogue.

Dr Burt had paid $17.37 million in 2005, then adding an adjoining 800 sqm property with house in 2009 costing $4.9 million, which was anticipated as a tennis court block.

For a time James Packer was interested in buying Villa Igiea but instead bought La Mer for $17 million in 2009, expanding his holding at a cost of $12 million before his rebuild of the 1972 Guilford Bell-designed home.

Sydney's third highest sale in 2015 was Mandalay at Point Piper which fetched $39.8 million.

Set above Hermit Bay, Villa Igiea was built on its 2200 sqm block in the Riviera Liberty style to a design by Neville Hampson, the architect who also designed Boomerang at Elizabeth Bay.

Villa Igiea, which had enough space to host Angelina Jolie, Brad Pitt's wife, and their six children, could command up to $70,000 a week.

Pics courtesy of Vogue magazine

Frank Picone, the apartment management industry veteran, has listed his Mermaid Beach trophy home.

It’s a spacious three storey beachfront villa on Hedges Avenue. It is the comeback listing of Michael Kollosche who has it on the books of his new agency at $15 million.

It last traded in 2009 for $13.25 million.

Title Tattle recalls in 2008 Picone set the year's top price for Queensland when his imposing Mermaid Beach house fetched $17.5 million through Michael Kollosche when it sold it to the landfill operator Maxwell Twigg.

The latest listing is 159 Hedges Avenue commissioned in 2007 by an Australian billionaire hotelier Bruce Mathieson who relocated to purchased Albatross Avenue buying from former skateboarding champion Stephen Hill, with Kollosche as agent, for $18 million in 2009.

"159 Hedges Avenue is simply one of Australia's most impressive luxury homes, located on a rare elevated 564 sqm allotment with an impressive street presence," the marketing says.

All levels are linked by marble slab stairs and an internal electric lift.

There is some 114 squares (1,057 sqm) of luxurious living hidden behind one-way mirror-glass windows for privacy and security. 

The Kollosche Prestige Agents website advises Michael Kollosche has sold over $1 billion in prestige property on the Gold Coast, most when he made a name for himself at Ray White. 

The trophy home, Mia Mia in Cremorne Point has been sold for $8.7 million to a Chinese buyer with Australian residency. 

Selling agent McGrath Limited's Michael Coombs, who had the listing with Piers van Hamburg, calculates it as the highest price in three years.

It topped the list of prestige recent sales released in CoreLogic RP Data's top 10 weekly sales.

Lifestyle Village Services director Jytte Logan had renovated the 1915 home since buying it in 2008 from expat telco executive John Houston and his wife Frances for $7.84 million.

When it last sold the Regency-style villa in parterre gardens came with a Robert Carrier-designed kitchen featuring double ovens and limed American oak cabinetry.

The residence was redesigned by John Brogan many decades ago in the Regency style.

The Houston's had bought it from IVF specialist Geoffrey Driscoll and his wife, Janette, who had paid $2.9 million in 1998 to interior designer Jackie White and her husband, David. 

The grand 1913 Queensland estate Buderim House has been listed for the the first time in nearly 20 years.

Previously used as a 40 person boarding house, the traditional style home was bought in 1997 for $530,000 and sits on one of Buderim's highest level acreages.

To take advantage of the high level, the heritage listed homestead has a wrap around verandah and a 360 degree viewing deck with views of the coast and the hinterland.

The five bedroom, four bathroom family home was extended in 2003 and features a home office and a spacious media room/games room equipped with a custom-designed, built-in bar with commercial wine fridge.

Despite the extension and new refurbishment the traditional style of the home has been maintained, with established features such as the grand entrance, numerous fireplaces and 3.5 metre high ceilings all conserved.

Surrounded by architecturally designed tropical gardens which feature jacarandas and stately mango trees, the fully fenced, 6315 sqm site sits privately on one of Buderim's most tree-lined streets.

The gardens also include a resort style pool and spa.

The estate, which has previously hosted the Duke of Gloucester is available on rental website Stayz but is fully booked until the middle of March.

It is available off peak for $180 a night and reaches $350 a night during peak times.

Ray White listing agents Lew Pottingter and Judy Wild are closing tender for 10 Orme Road on February 19. 

One of the Great Ocean Road's finest architectural designs has become available for sale at 1 George Street in Lorne. 

Designed by leading architect Neil Trabant, the seemingly completely glass construct consists of three stories, all connected by an internal elevator and cantilevered stairs. 

The eight bedroom, six bathroom home includes a self-contained dual key top floor apartment with its own decking that has 180 degree views of the ocean and forested coastline. 

A ground floor games room opens to a sheltered bluestone terrace and landscaped garden with a three car garage also located on the ground.

Abercromby listing agents Jock Langley and Tim Bennetts are anticipating interest from around the high $2 millions. 

Jock says that he plans to place the property in front of a number of overseas clients via the video produced by Goldeneye Media.

"It has the location and the design pedigree to catch the eye of offshore buyers looking for a sophisticated family compound to escape too,” he said.  

Current owners Peter and Mandy Matthews said that you feel more like you are moving around a resort then a home, there is always somewhere to retreat to and something to look at.

A five bedroom, five bathroom property at 123 Smith Street sold for $3.3 million late last year, just five days after the bushfires in the area.

Lorne's price record has stood at $4.4 million since the sale of 1 Roadknight Street in December 2011.

Looking at the Roadknight video, which can be seen here, it is easy to see and hear the advancement of video technology over the last four years in comparison to Goldeneye Media's 2016 clip of 1 George Street.

The Slater and Gordon managing director Andrew Grech has sold his Kew trophy home to the Shen family for $11.2 million.

The Grech family bought the Victorian era home in 2008 for $4.51 million.

Kay & Burton selling agent Sam Wilkinson said family reasons were the cause of the sale.

Designed by Stephens & Co Architects, in collaboration with award winning interior designers Tania Di Lizio, the fully renovated three level Victorian mansion has been viewed as one of Kew's best property renovations.

The five bedroom home sits on 1800 sqm of Paul Bangay landscaped gardens. The grounds feature a solar-gas in-ground pool and poolside gymnasium.

The property has a home cinema, an upstairs library, and a pool-view alfresco entertaining pavilion.

The Australian Financial Review's Rear Window column, which followed the listing with zeal, suggested it had been expected to sell for $10 million.

There wasn't much prestige stock on offer at Australia’s largest annual property auction yesterday. Indeed the highest sale at The Event was when Ray White Marine sold a luxury 24-metre yacht for $3.1 million.

An expansive, elevated home at 4709 The Parkway, Sanctuary Cove (below) sold prior to auction for more than $2 million.

The Broadbeach in the Park penthouse was passed in at $4 million. Under the hammer the dearest house sale was $1.1 million.

But 59 Royal Albert Crescent, Sovereign Islands (top, above) goes to auction tonight, along with a view other trophy home listings on the Gold Coast.

It is a builder's own home with five extra-large ensuited bedrooms plus a grand master suite.

The four level home comes with 1235sqm living space on a large 751sqm block with a wide 27 metre waterfrontage with large pontoon.

There's a 12 seater home theatre, games room, study, billiard room and a kids' retreat.

There is a large 8-10 car circular basement.

A lift services all levels.

The advertising of the waterfront came with a boat on the pontoon and a Lamborghini parked out the front. But they're not included in the sale.

The early 1840's, heritage listed Darling House at Millers Point is the latest trophy home offering to come on the market.

Being freestanding on lawn, the agents are suggesting $5.5 million plus.

Set back from the street, the standalone house offers ten bedrooms, ten ensuite bathrooms and picturesque gardens in a quiet enclave. 

Located on 759 sqm in the Millers Point precinct, the Victorian Georgian style residence has been marketed with the possibility to be turned into a grand family home.

The property has a sandstone façade, cantilevered Victorian verandah, a large entertainers deck and a separate office.

Previously used as a care home, the property is being sold after a $5 a week rent agreement, which was struck more than 20 years ago was scrapped last year.

Darling House is now one of the latest of 50 houses to be sold by the New South Wales government despite continued protests of the mass sell off.

Formerly known as the Rocks Cottage Type Hospital, Darling House was the first major project of the newly formed Millers Point Resident Action Group in 1975.

Funds were raised through raffles and jumble sales of chocolate wheels and games of housie.

By 1993 an approval of capital funding from the Federal government for $500,000 was matched by State Liberal government.

The property is listed by Richard Shalhoub and Andrew Stuart of McGrath Edgecliff in conjunction with Shayne Harris and Robert Lowe from Savills.

The estate goes under the hammer February 25. 

The grand Tuscan inspired home Basia Mille is on the market in Victoria overlooking Waratah Bay at Fish Creek. 

Located two hours outside of Melbourne, the 4.45 hectare estate features established olive groves and a productive vineyard which offers a thriving wedding or cellar door wine business.

The rest of the land includes a private nine hole golf course and three self-contained guest houses which incorporate sweeping views over Wilson's Promontory and the island of Bass Strait.

The main 436 sqm residence in the village like compound has four bedrooms and four bathrooms centralised around a sun drench pizzia and loggia entertaining decks.

Unique Estates are seeking offers over $2.4 million in conjunction with Abercromby's.

The land which has tourism usage was bought for $72,000 in 1995.

Set on 1610 sqm, it is one of the home that came following the demolition of Rose Hancock Porteous’s Prix D’Amour.

The listing agent Willie Porteous initially had it with $20 million expectations for the vendor John Clinton and his wife Lillian, who have moved overseas.

The home was built on two of the 10 blocks created when Rose Hancock Porteous demolished her Gone With the Wind-style mansion in 2006.

The seven-bedroom home has an elevator servicing three levels, a 12-seat theatre, gymnasium and swimming pool with a spa.

The median price for a home in Mosman Park is $1,330,000, according to CoreLogic RP Data.

A bathing box on Brighton’s foreshore has sold for a record $285,000.

It was one of two newly built Dendy Beach boxes – 76E and 76F – to go under the hammer at weekend auction through Hodges.

There were four bidders for the bathing box. 

Both were constructed by council in December.

Their prices bettered the previous benchmark of $260,000, set in 2011.

Brighton local Walter Gibson, 87, and his wife Helen, 85, have been locals for 60 years, but told The Age they only decided three days prior to buy the record-breaking box, 76E.

It is set to be enjoyed by their 16 grandchildren.

Neighbouring box 76F sold for $280,000 to another local family.

Only Bayside City Council residents are eligible to own a Dendy Beach box.

A 1920's Newtown warehouse that doesn't look much from the outside, is set to bring in around $2.5 million at upcoming auction.

A three bedroom extension was completed last year to the converted warehouse which traded for $1.2 million in 2012.

Despite the renovations, original features such as exposed timber beams, painted brick walls and polished concrete floors have been maintained.

The original brick facade on the outside of the property has been dressed up with decorative steel panels.

Sitting on 283 sqm, the four bedroom house also comes with a covered deck and a level lawn.

Located 100 metres from St Peters Station, one of the property's four bathrooms features a stand alone bath and a rain shower.

Nick Playfair and Chris Nunn of BresicWhitney has the listing of 1a Lorde Street.

There is a price guide of $2.5 million for the February 13 auction. 

According to CoreLogic RP Data, Newtown has a median house price of $1.265 million. 

A waterfront Hampton's style trophy home has been listed in Surfers Paradise.

Recently completed, the 1486 sqm entertainer sits on a 2295 sqm double block on the waterfront of the Nerang River at Paradise Waters.

Across the 98 metre water frontage are two separate docks for a sailing boat and a speedboat which can be viewed from the waterfront dining room.

A balcony meets each of the four bedrooms with an alfresco dining deck accompanying the master retreat.

The luxury estate features an inside sauna, home cinema, large games room and a temperature controlled wine cellar.

Architecturally designed, imported Italian marble has been used throughout with hand washed American oak used as a motif both inside and outdoors.

Numerous outdoor entertaining areas as well as a ceramic tiled swimming pool, a log fire and manicured resort style gardens complete the outside of the house.

There is also an office with a separate entrance which can be used as a fifth bedroom, although without the luxury of its own balcony. 

A built in solarium, steam room, massage table and gym complete the hotel style aspects of the private retreat.

Marketed as the most photographed residence on the coast when advertised through previous agency Renee Morgan Real Estate, current Ray White listing agent Sherry Smith is expecting 46-48 Norseman Court to fetch over $12.5 million.

Expressions of interest close February 10 in conjunction with Talei Kelly of Kelly Projects

The trophy home at 3 Fulham Avenue in South Yarra has been listed for sale.

The grand 1900 Edwardian residence sits on one of the largest land parcels in the Como Park precinct. 

Surrounded by 2240 sqm of established gardens, the house displays all the grandeur of the era it was built, with an imposing central reception hall, a library and a formal dining room, all accompanied by marble open fireplaces and high panelled ceilings.

The reception room with a built in bar leads out to the gardens, tennis court and the swimming pool which can be overlooked from the upper level terrace.

The accommodation wing has four bedrooms and three bathrooms. 

Expressions of interest close on February 23 with Marshall White agent Richard Mackinnon who is anticipating about $12 million. 

It last sold at $270,000 in 1977.

The avenue's last sale was in October 2015 when Hathorn couple, Peter and Penny Inge spent $6.8 million on a 1160sqm corner holding.

Peter is the joint managing director of the Zig Inge Group which, before the sale of the business in 2007, was one of Australia’s largest and longest running retirement village businesses.

One of the late architect Col Bandy's significant residential designs has been listed in Lorne.

Perched high above the St. George River, the six bedroom house is seemingly embedded into the cliff.

Its self-contained annex is virtually built into the rock, with a combination of a bath and a bed its most fascinating aspect.

The main three bedroom residence has an angled theme in the entrance hall, where the void under the staircase forms a sharp triangle, framing the view outside.

The 330 metres of Great Ocean Road frontage and abundance of terraces and decks offer 360 panoramic views from the ocean to Otway National Park.

The secluded property is ecologically sensitive to the environment, with solar power systems, water tanks, combustion heaters and two treatment plants.

Michael Coutts of Great Ocean Road Real Estate has the listing and is hoping to secure a $3.3 million sale.

According to CoreLogic RP Data, the median house price in Lorne is $830,000.

The 2310 Great Ocean Road property is 9.3 hectares. It overlooks no other residence.

A book about Col Bandy's works was published by his family and it quotes him as saying: "Architecture is much more than just building but if it doesn't work as a building it is not architecture. It must keep the rain out, respond to the environment, use energy rationally, be cost-effective, endure and be fit for its function. But the aspiration for the architect with their client should be to create an opportunity for the spirit."

Bandy was passionate "that architecture should bring poetry to the business of building."