Exclusive Toorak home fronting the Yarra River listed

There are only four homes on Toorak's Edzell Avenue that run down to the Yarra River, and they don't trade hands that often.

An extended and renovated period home, which hasn't sold for nearly three decades, has been listed with $8 million to $8.8 million hopes.

Set on 1,360 sqm, the three level home has been designed so its living zones face north to take advantage of the views over the Yarra.

Its centrepiece is the entertaining room with built in bar and balcony.

The home has five bedrooms, including a master retreat with ensuite and study, as well as a home theatre, wine cellar and two kitchens.

A leafy garden runs down to the water.

Marshall White Stonnington agents Justin Krongold and Justin Long are marketing the home that last sold for $1.2 million in 1990.

The 1930s built house next door fetched $6.1 million in 2013 when bought by Sarah Laidlaw, wife of Mitre 10 boss Mark Laidlaw.

After an extensive renovation they re-listed the home three years later, but failed to catch a $20 million buyer.

The most recent sale was the neighbouring waterfront at $7 million in 2015.

This article first appeared in The Weekend Australian.