Record $38.8 million Toorak sale to Ruslan Kogan

Record $38.8 million Toorak sale to Ruslan Kogan
Record $38.8 million Toorak sale to Ruslan Kogan

There's whispers The Elsternwick-based Kogan founder Ruslan Kogan has paid a record $38.8 million Toorak house price.

The Herald Sun reported the sale occurred at a private off-market auction last Thursday night.

Three parties were involved in the auction, with founder and chief executive Ruslan Kogan taking the keys to the three block, 2,600 sqm property.

Marshall White agents Marcus Chiminello and Richard Mackinnon reportedly secured the sale, but declined to comment.

The reputed off market $38.8 million price doesn't make the cut as the Melbourne record as that was likely secured with the yet to settle $52.5 million sale by art dealer Rod Menzies for his mansion Stonington in Malvern.

The seller of the French-inspired sandstone mansion was telecommunications investor Philip Cornish.

The Toorak record stood at $38 million for 18 St Georges Road.

The AFR reported the latest record price did not meet the initial off market $45 million asking price. 

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.

Toorak Record Sale

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