Monticello, Toorak penthouse sells at $5.6 million
Jonathan ChancellorDecember 7, 2020
Longtime Pentana Solutions finance director Rod Dux has spent $5.6 million to buy the Monticello, Toorak penthouse from the Smorgon family.
Accessed by private lift, the Orrong Road apartment has two bedrooms, two bathrooms a study and a large wrap around balcony.
It had been a $2,200 a week rental before the recent sale.
The Marshall White agency secured the sale after just seven days on the market.
The Palladian Development project was completed in 2003. It first sold at $2.85 million in 2004 after being designed by Demaine Partnership. The 11 apartment complex was named after former American President Thomas Jefferson's residence.
This article was first published in the Weekend Australian Mansion Australia property section.
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.