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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The grand harbourside residence combines sweeping Sydney Heads views, resort-style entertaining and refined designer finishes with a reported $36 million price guide.
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Media executive Hamish McLennan and his wife Lucinda have just listed their elegant Sydney harbourside mansion, with a price guide of $36 million.
Their luxurious four-bedroom family home in Darling Point is being offered through an expressions-of-interest campaign with the Ray White Double Bay duo Elliott Placks and Ashley Bierman.
McLennan, who is chairman of ARN and REA Group, incoming chairman of DroneShield, and a director at Light & Wonder, and his wife, Lucinda, are reportedly planning to downsize from the 771 sq m block.
Last traded in 2023 for $29.25 million, the McLennans purchased 19a Eastbourne Rd from Olympic gold medal-winning recruitment executive Mark Kerry and interior designer Lynda Kerry.
The Kerrys had engaged architect Andrew Barnyak to completely transform the Californian Mission-style property after buying it for $11 million in 2020.
In March this year, a neighbouring home at number 15 sold for $21 million. That 1920s five-bedroom residence had undergone a thorough renovation by owners Tasmin Johnson and bespoke tailor Patrick Johnson.
Apartment developer, Eduard Litver, sold his six-bedroom residence at 29 Eastbourne Rd in 2022 for $24 million. According to Cotality records, the street price record was set in 2017 when number 21 sold for $31.8m.
Positioned on the harbour side of Eastbourne Rd, the three-storey home at number 19a offers panoramic northerly views of the water from Manly to Sydney Heads. It has 687sq m of internal living space, including a dramatic central double-height void at the heart of the footprint.
The spacious ground floor features several large formal and informal living areas. Past the stately arched entrance way, the central void opens up above the dining and kitchen area, creating a mezzanine gallery level crowned by a grand illuminating skylight.
In the commercial-grade gas and marble kitchen, there is a vast eat-at island bench, a hidden butler’s pantry and high-end appliances.
The spacious lounge zone features a Jetmaster fireplace, a sunroom nook, a separate media room with another fireplace, and French doors opening to a long terrace overlooking the harbour.
At the same level, a guest bedroom has built-ins and an ensuite bath.
Upstairs, there are two bedrooms, including a large main suite with extensive walk-through wardrobes, a hotel-style ensuite featuring a freestanding tub with a view, and a terrace that spans the full width of the home.
On the lower level, a spacious family retreat opens onto another terrace. This area includes an informal rumpus room with a fireplace, a sandstone wine tasting room and cellar, a bedroom, and a bathroom.
Resort-style alfresco features include a heated swimming pool and spa, complemented by a barbecue cabana with its own cosy fireplace.
The Darling Point home has a long list of added extras with a lift to all three levels, a big family-friendly laundry, luxury detailing such as high coffered ceilings, timber floors, premium wallpaper, and natural limestone finishes, plus a lock-up garage.
Eastbourne Rd is close to Double Bay shops, the Double Bay Sailing Club, wharf, Steyne Park, Double Bay Public School, and transport.
On the market via an expressions of interest campaign with Ray White Double Bay, 19a Eastbourne Rd, Darling Point is expected to sell around $36 million.
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