THE MULTI-MILLION DOLLAR MELBOURNE HOME WITH DRAMATIC STREET CRED
A grand East Melbourne terrace with theatrical roots, reimagined by the late Sue Carr into a layered, light-filled family home.
3 min
Traditional Victorian-era terraces are famed for their theatrical façades adorned with intricate lacework and plenty of character. However, one historic home on Gipps St in East Melbourne has the ultimate dramatic street cred; it was designed by William Pitts, the architect behind Melbourne’s iconic Princess Theatre.
Pitts designed multiple Melbourne beauties, including St Kilda Town Hall, Queens Bridge, the Olderfleet building and the Rialto on Collins St, even the Wellington Opera House in New Zealand.
Crafted and built around 1870, prior to the completion of the Princess Theatre in 1886, this end-of-row terrace gained a new lease on life in 2019 when acclaimed architect Sue Carr AM was tasked with bringing it gracefully into the 21st Century via a four-year labour of love transformation.
Today, Kay & Burton agents Monique Depierre and Arabella Houghton are seeking between $10.5 and $11 million for 123 Gipps St via an expressions of interest campaign. The home was last exchanged for $4 million in 2012, before the extensive renovation.
In a pocket of East Melbourne where heritage overlays protect the character of the streetscape, the Victorian terrace was carefully reimagined to balance period elegance with contemporary comfort. Behind its striking white façade, Carr and her team created a series of layered spaces where period detail and modern function co-exist.
Carr has described her approach to the Gipps St property as “a journey of reduction.” By stripping back superfluous elements, to reveal the grandeur of Pitts’ original structure.
“The idea was to bring order and appropriateness of scale, respect for heritage, and outright contemporaneity to a Victorian terrace,” Carr has said when describing the home.
Central to that vision was light. The home is arranged across three zones: the restored terrace, a private courtyard garden, and a two-storey rear addition.
In the original front rooms, there are decorative cornices, ceiling roses and marble fireplaces. These classic old-world spaces with a modern makeover include a versatile music room, a library and a grand dining area.
Stepping through to the next generation of the floor plan, the heart of the home features a contemporary kitchen with a stone island bench and a hidden butler’s pantry fully-equipped with Gaggenau appliances.
The casual everyday family zone, complete with a cosy gas pebble fireplace, opens out to a bluestone-paved north-facing courtyard, where the current owners have created a calming retreat filled with bonsai trees and manicured landscaping.
Up on the first floor, all four bedrooms feature ample natural light and have built-in wardrobes. Beyond a statement pivot door, the main bedroom opens to a full-width private balcony overlooking leafy East Melbourne and has a walk-through wardrobe to an ensuite with a freestanding sculptural bath. One more bedroom has its own ensuite, while two more share a full family-friendly bathroom.
More than just a Melbourne terrace with an extension out the back, Carr’s transformation also includes a new zinc-clad rear addition that plays a dual role; it is a secure two-car garage with laneway access, that is also home to a self-contained studio above. Fitted out with its own kitchenette and bathroom, the independent space is an ideal guest suite, a home office or au pair retreat.
The modernised home boasts a long list of added extras, including honed limestone floors with underfloor hydronic heating and zoned climate control, as well as full security and custom lighting.
Close to green spaces, such as Fitzroy Gardens, Powlett Reserve and Darling Square, the East Melbourne house is within walking distance to the MCG, and city restaurants.
Listed with Monique Depierre and Arabella Houghton of Kay & Burton, 123 Gipps St, East Melbourne, is on the market with a price guide of $10.5 million to $11 million. The expressions of interest is closing on October 28 at 12 pm.
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An ultra-luxury Main Beach penthouse with 360-degree views of the beach, hinterland and city skyline has hit the market with an $18 million price tag, as buyers seeking a rare slice of coastal opulence continue to drive the top-end of the Gold Coast market.
The sprawling 600sqm residence will occupy the upper two floors of the 29-level La Mer tower on Main Beach Parade, and has been released as its construction reaches top-out, ahead of completion later this year.
The lavish penthouse boasts four bedrooms, all with ensuites, including an ocean-facing master retreat with private lounge, a kitchen designed for a private chef, a rooftop pool, huge entertaining zone with outdoor kitchen, a grand staircase, and its own express lift.
Demand for high-end Gold Coast property remains strong, with a Burleigh penthouse sold off-the-plan for $30 million earlier this year, surpassing the $24 million record set in 2023.
“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location – not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” said OTP Group director James Elliott, who is marketing the project.
“We’re anticipating interest from high-net worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”
The $155 million La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.
ODUS Director Byron Sakha said with construction powering ahead and the 29-level structure now complete, it was the ideal time to launch the penthouse to the market.
“We’ve worked with internationally-recognised studio, Sici Design, on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake – every element has been thoughtfully designed to enhance quality of life for those who call it home,” he said.
“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.
“Now that construction of La Mer has topped out, prospective buyers can experience how the building is taking shape and the exceptional location on offer, just 68 steps from the sand.”
Sici Design founder and director Maria Papadopoulos said the penthouse interiors exemplified effortless luxury living.
“The views weren’t something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” she said.
“Luxury isn’t defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”
Refined yet durable materials include premium natural stone Austral Dream Dolomite, with travertine bringing warmth and timelessness, complementing timber flooring, and a coastal colour palette.
The ocean-facing resort-style master retreat occupies half the upper level, with its own private balcony, lounge room, two walk-in wardrobes, and an oversized ensuite with double shower, double vanity, and solid stone freestanding bath overlooking the views.
The kitchen features a 3.6-metre statement island bench and expansive butler’s pantry, complemented by a dedicated wine cellar and integrated bar area.
Designed by architects, Plus Studio, La Mer features 24 full-floor, three-bedroom plus multipurpose room residences, along with the dual-level penthouse. Exclusive resort-style facilities include a pool, spa, fully-equipped gym, sauna, barbeque facilities, private sun lounges, yoga lawn and an outdoor beach shower.
The penthouse is being launched as part of the final release of apartments at La Mer, with prices starting from $4.3 million.
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