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
2 min
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 rare 41-hectare Southern Highlands farm is on the market with a $10 million guide, as demand for prestige lifestyle estates continues to surge.
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A rolling 41ha parcel of farmland in the Southern Highlands, which last sold back in 2012 for $3.05 million, has come to market with a price guide of $10 million.
The sprawling rural estate, once featured in Highlife Magazine showcasing its colourful gardens, is listed with Anne Stone of McGrath Bowral through a private treaty sale.
Beyond the stately front gates and meandering driveway, the working farm consists of a five-bedroom main residence coupled with a three-bedroom guest cottage, as well as a private self-contained studio space.
Also known as Dragon Farm, the picturesque pocket sits 10kms west of Robertson and 47kms from the shores of Kiama.
Near the sleepy hamlet of Wildes Meadow, the provincial property houses 17 fenced paddocks, a championship-sized tennis court with a pavilion, plus a wellness area including a gym and steam room.
Just in time for the Australian Open, McGrath recently highlighted the value of a home grown tennis court in its 2026 Prestige Residential report.
The demand for lifestyle properties with sporting amenities has surged since the early days of the pandemic in 2020, with tennis courts proving to be a big hit.
Along Australia’s east coast, the study showed there were 71 prestige properties with tennis courts sold in the 12-months to October 2025.
New South Wales accounted for 46 per cent of those transactions, and the McGrath paper reported a price premium of 42 per cent achieved for listings with a tennis court during that period.
“Super-prestige properties equipped with tennis courts remain tightly held. Rather than being transacted for a premium they’re being land banked, as the increasing rarity of estates on large parcels will likely drive value over the longterm,” said McGrath research analyst, Michelle Ciesielski.
The main homestead at the Southern Highlands property makes the most of its panoramic setting with district views from three separate living areas and covered wraparound verandas.
Within the 323sq m footprint of the primary residence there is a modern country style kitchen, a central courtyard and main bedroom with a study nook and ensuite.
Ideal for visitors or live-in staff, the rustic cottage measures approximately 140sq m and has an open plan living zone with kitchen flowing through to a traditional veranda, plus three bedrooms with built-in wardrobes and one ensuite.
Beside the cottage an original dairy shed has been transformed into an entertainer’s space with an outdoor kitchen and the separate studio retreat dishes up more accommodation with an alfresco area and fireplace.
Additionally, the tennis court cabana is also set up with a kitchenette and wellness area.
Within the property there are established internal roads, cattle yards and multiple sheds to support livestock or equestrian pursuits.
Currently, the land is home to 35 cows, two bulls and 25 calves grazing across the lush fertile pastures.
The grounds features a potager vegetable garden, a woodland walk and a sculptural Celtic-inspired garden with a maze and two dams.
Listed with Anne Stone of McGrath Bowral, 100 Blencowes Lane, Wildes Meadow is on the market via a private treaty campaign with a price guide of $10 million.
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