Property of the week: 1 Edzell Avenue, Toorak
A rare riverfront position is just the start to the luxury offering at this Melbourne trophy home
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Only four properties on coveted Edzell Avenue reach the Yarra River waterfront, so the arrival of this newly rebuilt residence at number 1 is a prize catch. So rare is the riverfront position, and the unique redesign by Andrew Parr of SJB Architects, that Marshall White Stonnington has listed the Toorak trophy home with a head-turning price guide of $50 million to $55 million.
The prestige property will be firmly placed in the top residential price bracket for Melbourne, but is still far from the giddy heights of the Victorian capital’s benchmark of the $80 million spent by crypto king Ed Craven on his Toorak pile in 2022.
A complete transformation of an original 1920s house, this stately home still holds much of its old world glamour but also showcases the best of what money can buy a century later.
And that cash comes from an owner who knows a little about renovations — title records reveal the period property was bought in 2013 by Sarah Laidlaw, wife of former Mitre 10 boss Mark Laidlaw. After purchasing for $6.1 million, the Laidlaws’ transformation has injected a sophisticated aesthetic complementing its glamorous historic facade.
The river sits centre stage with an uninterrupted outlook from most rooms of the house, as well as the private jetty and rare Melbourne boathouse, capturing Burnley golf course and the city skyline.
Beyond a stately reception hall the living areas have been carefully remastered on a grand scale with a choice of entertaining spaces opening to the great outdoors.
The palatial dining and living rooms have fireplaces and aged–bronze archways framing the river panorama and an expansive north west–facing stone terrace with pergola, barbecue kitchen, heaters and an outdoor fire. A media room and bar also spill out onto the landscaped gardens and for further entertaining the cantilevered heated infinity pool and spa seemingly hover above the Yarra.
In the state-of-the-art kitchen there are Pilbara marble benches, Gaggenau appliances, an integrated Sub-Zero fridge/freezer, wine fridge and a butler’s pantry.
Up the curved marble staircase, or via the private lift, the accommodation level includes three bedrooms with ensuites and built–ins plus a palatial primary suite complete with a gas fire, indulgent dressing room, deluxe marble bathroom and balcony overlooking the water and golfing green.
Down on the lower level, the property also features a gym, temperature-controlled wine cellar and executive home office with and independent street entry.
The rare piece de resistance for the riverside residence is the large river deck with a self-contained timber–lined retreat with kitchenette and ensuite. Below that is a personal boatshed with a slipway, one of only a handful of privately–owned jetties in Toorak.
Additional five star features include Control4 home automation, an alarm with CCTV and a video intercom, as well as hydronic heating, reverse-cycle air-conditioning, ducted vacuuming, full irrigation and a four-car lock up garage.
The Toorak residence is listed through an expressions of interest campaign closing at 1pm on November 11 via Marcus Chiminello, Nicole French and Alan Crawford of Marshall White Stonnington.
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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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