"It's a frightening amount of money,'' he said. 1995$5 million plus purchase price, Asian Pacific Building Corporation, David Deague. Portsea is not short of wealthy, high-profile residents with impressive cliff-side homes. The Portsea price record is held by the 1920s mansion 'Ilyuka', which sold to investor John Higgins in 2010 for $26 million. Iluyka is the high point of the use of Spanish idioms in architect designed homes in Victoria.Classified: 15/04/1992, Fast Facts16 Point King Road (Portsea’s coveted cliff top)Portsea VIC, 2010$20 million asking priceMichele O’Halloran owner since 1999. 2 Ilyuka Court, Portsea It is extremely rare for cliffside property to become available in this most coveted location. This property has hit the market with expectations of $20 million to $22 million. Livitsanis then refurbished another coastal property, a four-bedroom home with views across Portsea. The buyer will also have to pay stamp duty to the State Government of $1,485,000. ... the seaside mansion comprises extensive loggiae, sunrooms, a patio and terrace and numerous large living spaces. 1995Deague illegally demolished part of the property, attracting local protests and a record fine. Holding the premier location atop Portsea’s coveted cliff top, this iconic 1920’s Spanish Mission style residence was designed for a Texas oil baron to capture the grandeur and elegance of Hollywood in its golden era. The shed, which has no running water and isn't connected to power, is one of a row of shacks on the beach that rarely come up for sale. Selling agent Ross Savas, from Kay & Burton, said Ilyuka, a Spanish mission-style, sprawling house built for American oil tycoon Harry Cornforth in 1929-30, would be marketed globally following a formal launch during the spring racing carnival. This iconic home required sensitive spatial remodelling to ensure that contemporary living dovetails with the heritage significance of this landmark building. Nee Morna, which means “Laughing Water” in the language of the Bandjin and Djiru people, is currently owned by former New York-based investment banker Alex Lipe. The Fishers more recently acquired the adjoining block behind the house and added a tennis court and pavilion. window['fe-co-audience-experiments-fe-co-audience-experiments_1'] = {"position":"middle","theme":"domain"}; Sunning yourself on the beach or cliff-top among Victoria’s corporate and social elite next to the likes of trucking magnate Lindsay Fox and investment banker John McIntosh comes at a cost. In 2003, Ms O’Halloran sold a 742-square-metre former ”vegie patch”, part of the estate, for $1.6 million. Is that ego getting out of control? December 15, 2010 12:00am. He recently sold a 1000sq m block of land for $10 million. BUILT in 1909, one of Sorrento’s original trophy mansions is on sale for the just the second time in more than a century. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites.


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