Real estate: Is this Aussie property a mega-mansion or mega garage? For $10m you can decide
Some homes are just on another scale to most properties, as shown by a $10 million mansion which recently hit the market.
The impressive set of numbers behind this estate’s many special features resembles the lotto game that most of us would need to win in order to buy it.
Advertised as a “home worthy of your car collection,” the Perth abode has an eight-car garage, with a below-ground lift, hydraulic hoist and air compressor, as well as a further six secure outdoor parking spots.
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By continuing you agree to our Terms and Privacy Policy.Inside the Applecross home, there are four kitchens, two bars, seven toilets, five bedrooms and a family-sized Swedish sauna spread over 1300sqm of floorspace, making it six times the size of an average WA house.
The three-storey ‘castle’ also has two offices, a full gym, a wine cellar, several lounge areas, a games’ room and a home theatre with reclining leather chairs.
The exterior of the 1330sqm block is just as opulent, with a partially-covered al fresco area including a pool and spa, which light up under hundreds of fairy lights resembling a starry night sky.
But the most interesting set of numbers connected to this property is the price.
Real Estate agent Gary Dundon, of Ray White, said the owners are seeking about $10 million, despite the house and land having a replacement value of about $15 million, and a build time of about “four or five years of your life.”
Mr Dundon said the discount was due to it not being a brand-new building. While it has river views across to the city, it was not absolute waterfront.
The Tuscan-inspired property is owned by Anthony and Caroline Ridolfo, who made their money in property among other ventures. The couple built the house over the four years to 2013.
Ridolfo said they were moving to a new chapter in their lives as their daughter prepared to study abroad.
He said they loved the village-style atmosphere in the leafy-green Applecross, which he said was quieter and more homely than the western suburbs.
“We hope another family can enjoy this home as much as we have,” he said.
The home has won six State and National awards.
Originally published on The Nightly
