Prestige Property: 7 Towers Road, Toorak, Melbourne, VIC
A prized, north-facing pile in Melbourne’s most sought-after suburb.
By Terry Christodoulou
Fri, Mar 26, 2021 9:05am
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Set in the elite enclave of Toorak is this magnificent family residence.
Offering 5-bedrooms, 5-bathrooms and a 6-car garage, the home is one of a select few properties on Towers Road to boast a north-facing rear.
The elegant manse sees a heady combination of soaring ceiling heights, stone and parquetry floors (with underfloor heating) delivered with the highest levels of craftsmanship throughout.
The impressive hall leads past an opulently fitted executive study and through to the elegantly appointed formal living and dining rooms. From here, one can access the casual living area and kitchen – the latter fitted with Gaggenau, Ilve, and Miele appliances, stone benchtops and walk-in pantry – overlooking the tennis court and swimming pool.
Glass doors provide an effortless transition from living to outdoor areas – a true entertainer’s dream – with the residence enjoying low-maintenance gardens designed by Paul Bangay and access to the aforementioned resort-like facilities.
The ground floor also boasts a self-contained guest room with ensuite and private front garden entrance.
Guided by a handcrafted marble staircase, one arrives at the master bedroom with a luxuriously appointed ensuite and expansive walk-in wardrobe. Three additional bedrooms – one with ensuite, the other two sharing a bathroom – are also found here.
The semi-basement sees a full bathroom – servicing the pool, home theatre, adjoining gym, communications room and fitted cellar. Further, another kitchen and home theatre is found here alongside a capacious garage for all the essentials.
The exclusive residence is close to Toorak Village, leading schools, transport, freeway access and the Yarra River.
The listing is with Kay & Burton’s Ross Savas (+61 418 322 994) and Michael Gibson (+61 418 530 392). Price guide $22-$24 million.
This article originally appeared on the Robb Report Australia & New Zealand.
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So they tapped architect Steven Ehrlich to create a design that paid homage to its surroundings with stucco, mahogany and titanium zinc cladding. They spent $20 million over several years building the house, completed in 2005.
Now looking to be closer to their adult daughter on the East Coast, they are putting the five-bedroom home on the market for $44 million—the most expensive listing in Palo Alto.
Waldfogel is an angel investor who co-founded Redback Networks, a telecommunications-equipment company. MacLean previously had a career in fundraising.
The couple purchased the roughly 0.4-acre site for $7.1 million in 2000 and demolished a circa-1930s Spanish Colonial home. The house they built pinwheels around a central staircase. It has 7,900 square feet of livable space, with four distinct courtyards and a pool.
A key feature of the home is a cast-in-place concrete wall, or spine, that is two stories high and about 80 feet long. “There’s a little bit of controlled chaos in what comes out of the form,” unlike a perfectly uniform surface, Waldfogel said. “If you want that, you do it in plastic.”
Waldfogel said he and his wife are thinking about the next phase of life now that their daughter is grown, although they have not decided where they will move. They also have a home in Sun Valley, Idaho.
“Right now we’re just trying to emotionally let go and decide what to do next,” he said.
Palo Alto, an epicenter of venture capital and tech startups in Silicon Valley, is home to some of the country’s biggest tech titans. Sales volume and prices are rising, with a median sale price of $3.5 million for the three months ending in August, up 5.8% year-over-year, according to real-estate brokerage Redfin.
Arthur Sharif of Sotheby’s International Realty—San Francisco Brokerage has the listing.
