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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A landmark Hamilton Hill residence owned by a prominent Brisbane publican is hitting the market after nearly 13 years, offering sweeping river views, grand entertaining spaces, and timeless Spanish Mission elegance.
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A prominent Brisbane publican is calling last drinks on his long-held Hamilton Hill residence.
James Power, of The Norman Hotel in Woolloongabba, owns the sprawling estate at 33 Markwell Street.
After nearly 13 years, the towering residence is due to welcome its next custodians. Now empty nesters, Power and his wife, Jennifer, are moving on from their substantial six to seven-bedroom pile on 1376sqm.
While the pub baron might be downsizing, Power is reportedly upsizing his hospitality portfolio as he prepares to open The Norman Northside at Enoggera.
“We did a lot of entertaining at Markwell St,” Power said.
“The guest wing means it’s really set up for it, but we are basically empty nesters now, and it’s time for another family to enjoy it.”
The c.1930s Spanish Mission residence last changed hands in 2013 when the Powers bought it for $5.05 million. Fast-forward to 2026, and the period property is on the market via an expressions-of-interest campaign with Matt Lancashire of Ray White Collective Luxury. In keeping with Queensland legislation, no price guide can be published.
Lancashire said Hamilton is widely regarded as one of the capital’s premier suburbs, often ranked among the most expensive addresses in the city.
“Known for its elevated position, river views, and luxury homes, Hamilton is a top choice for affluent buyers,” he said.
High on Hamilton Hill, the historic house has sweeping views across the Brisbane River, Gateway Bridge and out to Moreton Bay.
Designed for the avid entertainer, the Brisbane house has a stately entry foyer and gallery, multiple formal and casual living zones with period fireplaces and French doors to several terraces, courtyards and balconies.
The interiors blend original character with sympathetic updates undertaken during a significant renovation in the early 2000s. There are high coffered 3.1m ceilings, wrought iron balustrades, arched openings, stucco finishes, Mediterranean-inspired terracotta tones, imported doors, and statement chandeliers. Modern touches include the kitchen with Miele appliances, a wine cellar, private gym, and steam room.
Outdoors, the resort-style pool is framed by a covered patio and pool house with a wellness centre, as well as established gardens producing citrus, herbs and chillies.
The ground floor is home to two bedrooms, a study and a bathroom, while upstairs the footprint features four bedrooms and a palatial main suite with a private balcony, a dressing room, and a marble ensuite featuring a double shower and a spa bath.
Down on the lower floor, an expansive rumpus room is the ideal teenager hangout, sitting next to the pool patio, plus an adjoining office or guest bedroom.
Extra bonuses of the Brisbane compound include a six-car garage, ducted air-conditioning, and a dumbwaiter servicing all three levels.
The famed shopping and dining precinct at Racecourse Rd and Portside Wharf is close by, as well as the riverfront and parklands. Ascot State School, St Rita’s and St Margaret’s are within easy reach.
The Hamilton home at 33 Markwell St, Hamilton, QLD, is offered via an expressions of interest campaign, closing on May 8 at 5 pm.
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