The Myrtles, Medindie trophy mansion sells to Chinese buyer

The Myrtles, Medindie trophy mansion sells to Chinese buyer
The Myrtles, Medindie trophy mansion sells to Chinese buyer

The Myrtles, the historic Medindie, Adelaide mansion has been sold for $5 million to a Chinese buyer with local connections.

The most expensive residential sale in SA history is Glenelg’s historic Stormont mansion, which sold for $6.5 million in 2010.

Last year’s highest residential sale price in Adelaide was 11 Robe Terrace, Medindie, a single storey 1900 home on almost 4000 square metres which fetched $4,917,000 in January 2013.

There's speculation that 4 Victoria Avenue, Unley Park was currently under contract at $5 million plus. The 1920s house on 4622 square metres last sold at $2.95 million in 2004.

The Myrtles sold for $5.2 million in April 2006, but the most recent sale was in July 2007 at $3.9 million.

The renovated 1890-built home on 2,200 square metres has six bedrooms in the main home and a separate self-contained apartment.

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The Myrtles, at 7 Myrtles Court, sold through Harcourts Brock Williams agents John and Stephanie Williams.

“You don’t see too many $5 million private residential sales in South Australia, and I think this is the first one for a couple of years,” Williams told News Ltd papers.

It was once the home of property identities Cathy and Myles Pearce who made a splash on the national stage at the Block auction in the Manly series.

The home boasts 850 square metre of space including formal entrance gallery.

Its chef’s kitchen comes with four ovens, two dishwashers and a cold room.

The grounds come with floodlit synthetic tennis court, a heated pool and spa and an outdoor kitchen.

The home has featured in movies, including Shine, and the television series McLeod’s Daughters.

It was ranked among the most beautiful homes across Australia on its late 2013 listing by Property Observer readers.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Foreign Buyers Adelaide

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