Brighton mansion built by billionaire Larry Kestelman sells for $16m

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Brighton mansion built by billionaire Larry Kestelman sells for $16m
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The bayside suburb clocked its highest sale price so far this year after Rob and Melita Chaloner’s mansion sold.

have sold their lavish home on Brighton’s so-called golden mile, chalking up the Melbourne bayside suburb’s top sale so far this year.

The property hit the market a month ago guiding between $15 million to $16.5 million, and sold to an unidentified buyer for within the guide.

Beyond the double-height entrance hall lined in imported travertine, the house features multiple living areas and resort-style living with heated pool and spa, theatre and showroom garage.The property was sold by Forbes’ Robert Fletcher to an unidentified buyer. Mr Fletcher declined to comment.Complete with striking facade and turret, the six-bedroom was guiding $13.3 million to $14.3 million; however, the final sale price remains undisclosed, and the property is yet to settle.

Mr Cox, who owns private equity fund Imperium Capital Group, purchased the Victorian Italianate mansion in 2006 for $5.71 million. The property was listed briefly in April 2021 with $18 million hopes, but was later withdrawn from the market.occupies a 1389-square-metre block and features a drawing room, bar and billiards room, gym, sauna, pool and views of Port Phillip Bay.

The Moule Avenue property was sold by Kay & Burton’s Gowan Stubbings, who could not be reached for comment.Still in Brighton, where a sprawling three-storey St Ninians Road mansion has hit Bayside’s prestige market guiding $24.9 million to $25.9 million.

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