The Most Expensive House in Toorak

January 4, 2023
Designing a Home

Key takeaways:

  • The record for most expensive home in Toorak is 29-31 St Georges Road, which sold for a whopping $80 million in 2022.
  • In second and third place are Blair House and 47 Lansell.
  • The current median price points in Toorak are sitting at $5,000,000 for houses and $982,500 for units.

Looking for the most expensive house in Toorak isn’t easy—with its picturesque, tree-lined streets and exquisite homes, multimillion dollar properties are a dime a dozen.

Toorak is one of the richest suburbs of Melbourne. Spacious, elegant and liveable, it’s not wonder that this charming suburb is highly favoured by Australia’s elite and home to the most expensive street in Melbourne.

And the proof is in the pudding—the value of real estate in the area has swelled into the millions. From the 47 Lansell price record of $40 million, to the most recent $80 million mystery buy, let’s get into the history of the most expensive Toorak homes and also check out the most expensive houses on sale right now.

29-31 St Georges Rd

Most Expensive House in Toorak
Image credit: Marshall White
  • Sold: 2022
  • Price: $80 million

Topping the Victorian price benchmark and taking first prize as the most expensive home in Toorak was 29-31 St Georges Road Toorak, sold for a whopping $80,000,088, according to The Age.

Snagged in an off market deal by crypto king Ed Craven, the price was surprising given the property’s near derelict condition. But the crypto platform billionaire plans to revamp entirely, building a brand new house on this 7,200 square metre block.

This may not be the most expensive house in Australia, but it definitely broke the local record, and cemented Toorak as the priciest neighbourhood in Melbourne.

Blair House, 17 St Georges Road

Most Expensive House in Toorak
Image credit: Marshall White
  • Sold: 2022
  • Price: approx $75 million

In the very same week of the 29-31 St Georges Road (mentioned above), the iconic Blair House also set a price record. While the final price is unknown, it was listed at $65-$75 million.

Staying relatively private, very few photos of the home were released to the public. We see a gorgeous red brick home, tennis court, and only two photos of the light-filled interiors. But the luxury is evident, from the walled garden fencing, to the stone sculpture in the circular driveway.

47 Lansell

Most Expensive House in Toorak
Image credit: Helen Green Design
  • Sold: 2021
  • Price: $40 million

Sold at auction for just above $40 million was the prized 47 Lansell Road mansion. Five bedrooms, four bathrooms, six carparks and 33,000 square metres near the Yarra River is what you’re getting.

Just two years prior, the house had been on the market again for half the price. And after being renovated by international designers, Helen Green Design Studio, Carr design group and renowned landscaper Paul Bangay, the mansion remerged and dazzled.

With a separate bar and entertainment room, formal dining space, reception room, home theatre, three kitchens and an indoor-outdoor room with a teppanyaki grill, it is the entertainer’s dream.

Most expensive houses on sale in Toorak

Contemporary South Yarra family home

Most Expensive House in Toorak
South Yarra house for sale

Modern, glamorous and cosy, this six bedroom, five bathroom Toorak house is the perfect family sanctuary. Find it at the top of the iconic Como House, set over a 1,155 square metre block.

From the water feature entryway and lap size swimming pool and spa, to the stunning outdoor entertaining areas, families can host comfortably for days on end.

Inside, the formal dining room with travertine fireplace awaits you. A floor above is where you’ll find the five bedrooms, each with its own balcony offering views over the CBD skyline.

Elegant Italianate

Most Expensive House in Toorak
Toorak mansion for sale

With a Toorak mansion, you’re also paying for the exclusivity. Rarely are these homes put up for sale, with many of the owners passing them on through the generations.

Which is why this gorgeous 1,499 square metre plot of land is so special. Featuring a single level compound with two separate houses, the possibilities for living are endless—one house has three full-size bedrooms and multiple formal and informal living spaces.

The second, slightly smaller build has two bedrooms, an informal living room and private courtyard.

A well designed floorplan features a monumental size northwest facing entertainers’ terrace which instantly transports you to the peaceful countryside.

Luxury modern penthouse

Most Expensive House in Toorak
Toorak penthouse apartment for sale

Looking for that prestigious Toorak address but don’t want the hassle of a standalone house, you can call off the search. With the sprawling penthouse apartment at The Hopetoun, you’re getting all the convenience of townhouse living with all the luxury of South Yarra living.

Just like in your standard luxury mansion, you are getting first-class amenities; a heated swimming pool, home cinema, 400+ bottle wine cellar, gym room and sauna. Not to mention the fireplace equipped den, double kitchens and palatial bedrooms.

Soho is your expert team in Australian real estate, offering an innovative platform for effortless property searches. With deep insights into buying, renting, and market trends, we guide you to make informed decisions, whether it's your first home or exploring new suburbs.
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