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 Central Coast trophy home with a habit of breaking records, Agave, returns to market.
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Agave has a history of making headlines.
The luxury Wagstaffe weekender earned the prestigious HIA Australian House of the Year award in 2018 and then went on to reset the Central Coast price record two times over.
The Dennis Rabinowitz-designed waterfront residence was sold by the owner architect in mid 2020 for $9.5 million – at the height of the pandemic rush to the regions.
It then changed hands again only two years later for $16.2 million when it was snapped up by fallen Forum Finance founder Bill Papas.
Since then, Agave has operated as a high-end short-term rental appearing on Nine’s top 10 most expensive Airbnbs in Australia list; reportedly earning its owner more than $10,000 a night.
After briefly sitting on the market in 2024, the head-turning seven-bedroom two-storey property is now listed with a new agent and a fresh competitive price tag.
Mat Steinwede of McGrath Terrigal has put a $12 to $14 million guide on the glamorous beach house at a time when the Central Coast is tipped to recapture some of its post-Covid malaise.
Overall, Central Coast house values are approaching their 2022 pandemic-era high, according to Cotality data, with the median up 45.1 per cent over five years to reach a median price of $1.063 million as of November.
Sitting on a spacious 2188sq m block in the exclusive San Toy estate, Agave at 6 Bulkara St is in the sleepy hamlet of Wagstaffe 19kms south of Terrigal.
It has direct waterfront access to Brisbane Water and its north-facing aspect captures the best of the Central Coast’s coveted climate.
Created with a focus on free-flowing lanai-inspired indoor/outdoor living, the home features multiple terraces, a saltwater pool with imported Moroccan tiles, a private beach, a jetty, a boathouse cabana and a deep-water mooring suitable for a “super yacht”.
In total, the expansive layout includes 556sq m of internal living and 289sq m of alfresco space.
The sophisticated interiors include bespoke finishes crafted from natural materials, a contemporary kitchen with marble bench tops, as well as a fully-equipped butler’s pantry, wine cellar, and five ensuite bathrooms.
There is also an executive study and a palatial main bedroom suite located in its own ground floor wing complete with a walk-in wardrobe, and a five star hotel-inspired ensuite with bidet.
A second level houses six more bedrooms including a bunk room, ideal for multiple family getaways. All up, Agave can sleep as many as 14 guests at a time.
Manicured grounds are framed by established tropical gardens, and with secure entry gates plus an advanced security system, the residence is an idyllic private compound.
Additional features include total climate control, three separate living rooms, a double lock up garage and
The property is a short walk to Wagstaffe Wharf with direct ferry access to Palm Beach on Sydney’s Northern Beaches. Agave is also close to Lobster Beach and Bouddi National Park.
Agave at 6 Bulkara St, Wagstaffe is listed with Mat Steinwede of McGrath Terrigal with a $12 to $14 million price guide.
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