Property of the Week: 26-27 Olola Rd, Vaucluse
Five bedrooms, harbour views, a lift, a tennis court, a wine cellar and accommodation for the live-in staff — this palatial home redefines luxury
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A Sydney trophy home which has been no stranger to the property market in recent years has reappeared this week, listed with new agents and an amended price guide of $45 million.
The grand Vaucluse estate on coveted Olola Avenue is currently owned by shipping container king Arthur Tzaneros and his wife Maude who paid $32 million for the expansive 2266sq m estate just three years ago. Tzaneros is currently the CEO of Australian Container Freight Services Port Logistics.
Despite purchasing in 2021, but reportedly only settling on the prestige property in 2022, the
palatial residence was back on the market mid last year with $50 million to $55 million price
expectations. That 2023 listing of Olola Rd was likely prompted by Tzaneros spending $61.5
million for another luxury home in nearby Bellevue Hill last year.
Prior to the Tzaneros’ acquisition, the high profile house was on the market in 2018, when it
exchanged for $17 million, and 2012 when it fetched $8.5 million.
Now the extravagant five-bedroom home, complete with resort-style grounds including a pool and tennis court, is being marketed with co-agents Michael Pallier of Sydney Sotheby’s International and David Malouf of Highland Double Bay.
The vast compound sits opposite historic Vaucluse House and Vaucluse Park, featuring northerly harbour views out to The Heads and a long wish list of designer finishes.
A stately home with grand proportions, the elevated three-storey property has a winding private driveway to a large forecourt fit for multiple cars in addition to the six-car showroom garage.
An imposing foyer and gallery with herringbone floorboards and a statement staircase make a
great first impression, while formal rooms open up to a pergola and water views. This spacious ground floor footprint has multiple zones for entertaining and the sleek state-of-the-art kitchen features a huge marble island bench, big butler’s pantry, Miele ovens and an induction stovetop.
There is also a separate home office with external access on the same level.
Upstairs, five bedrooms all have their own ensuites with Calacatta marble surfaces and heated floors. The hotel-style primary suite is a home to a Hollywood-inspired dressing room, and a fireplace, and features balcony access with a harbour outlook, a deluxe bathroom with double showers and vanities plus an oval freelancing bathtub.
The converted attic is the ultimate retreat or guest bedroom with a wide terrace, kitchenette and bath ensuite.
For outdoor entertaining, the property also has a combined tennis and basketball court, a
swimming pool, an alfresco pavilion with integrated barbecue and bar fridge, a level lawn, as well as landscaped private grounds.
The long list of luxury features at the residence includes a five-person lift to three levels, a wine cellar, cloak room, two powder rooms and a self-contained street-level studio ideal for live-in staff.
Surrounded by VIP homes, the Olola Ave house is close to harbour beaches and sought after
schools.
26-27 Olola Rd, Vaucluse is listed with a $45 million price guide with co-agents Micheal
Pallier of Sydney Sotheby’s International Realty and David Malouf of Highland Property
Double Bay.
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A sprawling French Provincial-inspired estate on two hectares has hit the market with a $17 million to $18 million price guide.
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A grand 2ha family compound in Sydney’s north west has come to market with expectations it could break through the current price benchmark for the sprawling semi-rural suburb.
The Middle Dural estate at 65 Cranstons Rd is listed with William Brush of Manor Real Estate and has a price guide of $17 million to $18 million.
If the trophy home hits its target, the six-bedroom, five-bathroom residence will become the district’s priciest property.
Currently, the house price record for Middle Dural and the broader Hills District sits with 3 McLeod Rd. That stately mansion, also on 2ha, achieved $15 million last June through Manor Real Estate.
American architect John Henry designed the elaborate two-storey Cranstons Rd house, which merges French Provincial sophistication and Hamptons glamour alongside indulgent resort-inspired amenities.
Beyond security gates, a sweeping driveway and statement fountain announce the modern mansion with its classic columns and elegant porch.
Inside, a dramatic entrance foyer immediately captures attention upon arrival, with soaring 6m ceilings, a chandelier, and an elegant double-curved staircase as a standout centrepiece.
The home’s spacious floorplan covers approximately 1200 sq m of living space, specifically crafted to accommodate every event, from intimate family gatherings to large-scale entertaining.
Formal and informal lounge and dining areas flow out to multiple alfresco spaces, including the vast casual family zone and a stone kitchen complete with a fireplace, high-end integrated appliances, a long eat-at island bench, and a fully equipped butler’s pantry.
There is also a home theatre, a billiards room with a marble cocktail bar, a walk-in wine cellar and tasting room, a large home office or guest suite with bathroom, and a fully equipped gymnasium.
The detailed craftsmanship throughout the home includes herringbone timber floors, coffered ceilings, bespoke joinery and walls of windows framing the leafy outlook and grounds.
Upstairs, a mezzanine gallery separates two accommodation wings. On one side, the palatial main bedroom has a sitting area, a private balcony, and a large dressing room featuring two accessory tables. In the spacious ensuite, there are dual vanities, two showers and a freestanding bathtub.
Five more bedrooms, each with a walk-in wardrobe and ensuite, and an upper-level library that is ideal for children’s study or as a second home office.
The outdoor amenities at the Middle Dural compound rival a five-star resort with a 20m swimming pool, a championship-sized floodlit tennis court, and a separate entertainer’s pavilion that includes an outdoor kitchen, an open fireplace, a bathroom, and a sauna.
Additional features include elaborate chandeliers and feature lighting, a wine display wall, ducted air conditioning, decorative wainscoting, wallpaper, carpeted bedrooms, security and solar panels.
Surrounding the manor, the manicured gardens consist of expansive lawns and sculpted hedges, with an established neighbouring forest.
Popular schools, shopping centres, cafés and everyday amenities are within easy reach, with Sydney’s CBD approximately 40 km away.
The Middle Dural estate at 65 Cranstons Rd is listed via private treaty with William Brush of Manor Real Estate.
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