Monticello, Toorak penthouse sells at $5.6 million

Monticello, Toorak penthouse sells at $5.6 million
Monticello, Toorak penthouse sells at $5.6 million

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

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Toorak Trophy Sale

Comments

Be the first one to comment on this article
What would you like to say about this project?