What does $88 million buy you in Melbourne’s prestige property market these days?

An oversized estate in Toorak has been listed for sale with a price guide of $80 million to $88 million, but it’s being pitched as an opportunity for a new home or apartment development.

The block of 6340 square metres across two titles on sought-after Lansell Road has two houses on it now, but they would be unlikely to last long if the new buyer were to pursue a multi-residence project or a new grand home.

Selling agents handling the listing are Kay & Burton’s managing director Ross Savas with Jamie Mi and Nick Kenyon.

“An unencumbered double allotment with two titles of this magnitude in Toorak is exceptionally rare and represents a once-in-a-generation opportunity for those with the vision to create so

See Full Page