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.
Rising rates, construction inflation and shrinking investor confidence are pushing Australia deeper into a dangerous housing spiral that monetary policy alone cannot fix.
Automobili Lamborghini and Babolat have expanded their collaboration with five new colourways for the ultra-exclusive BL.001 racket, limited to just 50 pieces worldwide.
Crafted by Pandolfini Architects with interiors by Lisa Buxton, the Glen Iris residence pairs industrial-inspired design with refined contemporary living and a five-car showroom pavilion.
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A bold architectural statement in Melbourne’s inner east, this unique Glen Iris home marries sculptural design with sophisticated family living in a remarkable real estate relationship.
Conceived by Pandolfini Architects, with interiors by Lisa Buxton, the custom-built four-bedroom, two-level home was crafted for its current owners but is now coming to market for the first time.
Listed via an expressions-of-interest campaign with Marshall White agents Rae and Hugh Tomlinson and Mandy Zhu, 8 Erica Ave is on the market with price expectations of $7.5 million to $8 million.
Its dramatic street appeal sets the tone for what’s to come, because beyond the contemporary façade sits a modern residence unlike any other.
Pandolfini’s team brief was to create an inviting home made from hard-wearing materials, with a palette inspired by ancient ruins and old industrial buildings.
The result is striking, cantilevered terracotta brickwork and a patinated copper-screened exterior that borrows hues from the classic neighbouring cottages.
One within the home, the Erica Ave property unfolds across three interconnected pavilions positioned along the deep block. Long gallery hallways are framed by floor-to-ceiling glass to showcase garden and pool views, making the most of the 886 sq m site.
Raw, heavily textured walls create an industrial aesthetic inside and out, while curious “upside-down” arched windows introduce a creative architectural twist.
At the heart of the home, the central living and dining zone is divided by a sculptural fireplace rendered in hard plaster. High barn-style spotted gum timber ceilings rise above bush-hammered concrete walls with Roman travertine floors, and American oak joinery.
In the marble kitchen, there are premium Wolf and Miele appliances, a butler’s pantry, an integrated study nook, and a bespoke curved window that wraps around a custom-made banquette dining space.
Walls of glass frame the north-facing terrace where a heated swimming pool and spa are enveloped by private landscaped gardens with an integrated barbecue setting.
Within the front pavilion, the large parents’ retreat features built-in and walk-in wardrobes, a dresser, and a travertine ensuite with a freestanding bathtub, rain shower, and a dual-marble vanity. Also on the ground floor is a second bedroom and a media room with a built-in daybed and a picture window overlooking the yard.
One floor up via the curved staircase with skylight, there are two more bedrooms with terrazzo bathrooms, study spaces, and leafy outlooks.
Car enthusiasts not only have a single lock-up garage on Erica Ave, but an additional rear showroom-style five-car pavilion or grand studio accessed via Irymple Ave. It has a high vaulted ceiling, a concealed in-floor Maha car lift, a workbench, and a sink.
Added extras include a mud room, laundry with side access, in-floor heating and climate control within the engineered European oak floors, deluxe joinery, and CCTV security.
The Glen Iris home is within walking distance of Central Park Village, Harold Holt Swim Centre, and Gardiner Station, as well as popular schools including Sacré Cœur, Korowa, and Caulfield Grammar.
The Pandolfini-designed house at 8 Erica Ave, Glen Iris is listed with Marshall White for $7.5 million to $8 million via an expressions of interest campaign.
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