Eleuthera, Exeter sold after $1.5 million reduction

Jonathan ChancellorFebruary 9, 20160 min read
Eleuthera, the very glamourous Exeter farm with 4000 tree olive grove in the Southern Highlands, has been sold - but only after its asking price was reduced by $1.5 million to $5 million.

The rural retreat, just a hour from Sydney, was offloaded by its Monaco-based vendor, Chris Kyriakou, the longtime mining magnate known as “The Golden Greek” who first made headlines in the financial page gossip columns back in the highflying late 1980s. 

His last big splash was when the couple celebrated their birthdays together with a six-day, $1 million party on Christina Onassis’s yacht off Monaco - his 60th and her 40th some six years ago.

Nowadays there's a caveat on the property title that suggest it possibly sits among the contested matrimonial assets following his four year separation from his second wife, the onetime film producer Phoebe Baker. She gives her address as the family's Woollahra home that was bought in 2011 at $7.9 million from the publican Peter Ryan and his wife, Toni. 

They'd previously been renting Malcolm and Lucy Turnbull's Point Piper investment mansion.

His address in Monaco has been the prestigious Seaside Plaza on the Avenue des Ligures.  

Their contemporary Exeter retreat sits on the 40 hectare estate bought in the mid-1990s. The couple married there in 2000 with the home built in 2004 by the mining veteran associated with the Cayman Islands based, Natasa Mining.

Eleuthera, which was sold through Drew Lindsay and John Ross at Drew Lindsay Real Estate, comes home inspired by the modernist architectural forms of Frank Lloyd Wright/

The Ellsmore Road residence of stone, glass and masonry has five bedrooms and three bathrooms.

There's two kitchens - the internal chef’s kitchen with AGA plus the courtyard outdoor kitchen. 

The grounds also come with manager’s cottage and barn style guest accommodation along with heated pool, tennis court and stables. 

This article was first published in the Saturday Daily Telegraph.

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.
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