harry stamoulis house

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In 2013 Harry Stamoulis sold his luxury penthouse in the Royal Domain Tower on St Kilda Road to retail magnate Solomon Lew for $13.3 million.

The Stamoulis residence is said to resemble Marble House, the Vanderbilt mansion in Newport, Rhode Island in the US. Stamoulis is wrapping up construction on this home, which is reportedly costing between $54-$70M and is said to be Australia's most expensive home.

A home 12 times the size of the average Melbourne house has been built in ToorakA PRIVATE palace that dwarfs even its ritziest Toorak neighbours appears to be nearing completion after a three-year, multimillion-dollar construction marathon by an army of builders.The St Georges Rd monolith, built on the former Baillieu family estate, looks set to test the nation’s benchmarks for size, price and opulence.Property tycoon Harry Stamoulis paid $24 million to secure the blue-chip land in 2010 and the mega mansion’s epic build is rumoured to have added up to $40 million more to his bill.In a week where housing affordability has been on everyone’s lips, the Herald Sun can reveal the house is Australia’s most expensive build and when finished will be one of the nation’s most luxurious homes.It’s design has been likened to the Greek parliament and the Palace of Versailles, but the soaring colonnade facade bears closest resemblance to the Vanderbilt mansion known as “Marble House” in Newport, Rhode Island, in the United States.Set behind high, ornate metal fences, the home is understood to span about 3200sq m, with a grand ballroom, five bedrooms, two kitchens, nine bathrooms and powder rooms, staff quarters and a huge basement garage for a fleet of luxury cars.That’s more than 12 times the size of the average home being built in Melbourne, which is a more modest 249sq m, according to Housing Industry Association figures.A Greek theme begins at the front doors with an intricate sculpture of entwined people and horses and this is believed to continue inside the house with handmade cornices.The Mediterranean-style gardens are taking shape — including a rectangular pond, tennis court, shaded pergolas and ornate plantings.There is a gym, indoor pool and rear hospitality quarters while the ballroom is believed to have eight metre-high ceilings, modelled on New York’s plush Plaza Hotel. Mr Stamoulis could not be reached for comment.A few doors down, property businessman and philanthropist Daniel Besen is building an ultra-modern mansion, with a disc roof and sharp angles, on a blue-chip corner of St Georges and Towers roads.Property experts speculate that the deep foundations of the Besen bolthole accommodate a subterranean art gallery. Mr Stamoulis bought the land for $24 million in 2010 and knocked down the former Baillieu family home.Early rumours suggested the build would cost $30 million, but industry experts now believe Mr Stamoulis, after adding furnishings, fittings and decor, will have little change left over from $70 million.Australia’s most expensive recorded house sale is $57.5 million paid by mining magnate Chris Ellison for a Perth waterfront estate.BRW estimates the Stamoulis family’s wealth to be $540 million.

His family, including his property-developer son Harry Stamoulis, have carried on the project, quietly opening it in recent weeks in the heritage-listed Royal Mint building in William Street.

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You can find out more about our policy and your choices, including how to opt-out There have been seven sales that exceeded $20 million in Toorak and 95 above $10 million since 2001, when the first property to break the double-digit price barrier was sold.

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