Cloyne, Toorak trophy mansion asking price reduced to $3.95 million
Cloyne, the landmark Toorak residence, has had its asking price reduced.
The Sotheby's International agents Greg Herman and Robert Curtain initially had a $4.8 million asking price on the five bedroom, five bathroom Harold Desbrowe-Annear-designed house.
It now comes with a $3.95 million asking price.
With prominent porte cochere, Cloyne is one of the few substantially intact homes designed in the 1920s by Harold Desbrowe Annear.
It was built at 611 Toorak Road, Toorak in 1926 for Louis Nelken, reputedly a former Royal family butler, who married into the establishment Baillieu family. He was a director of Australian Knitting Mills.