No cosmetic renovation required at this Mount Eliza European-style villa

No cosmetic renovation required at this Mount Eliza European-style villa
Jonathan ChancellorNovember 20, 2013

Surrendering views over the bay, retired company directors Rudi and Illona Miklosvary have listed their Mount Eliza home for December 1 auction as the family now live in the US.

Its a majestic European villa style residence with entertaining terrace with infinity pool and landscaped gardens with putting green.

Located on 8,086 square metres, the four-bedroom Royston Court mansion was built in 2001. Robin Parker of Marshall White expects $4 million plus. The suburb's median house price sits at around $730,000, according to RP Data. 

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The former cosmetics importer Berkeley International boss and his wife made the sea change from Melbourne to coastal Mt Eliza seven years ago after departing  South Yarra.

It was the Caroline Street, South Yarra house that won Australian House of the Year in 1922 which was sold by the couple in 2007 for $3.45 million. The house positioned above the Yarra River had a renovation by architect John Chandler. 

Over the years the South Yarra house had been home of fashion designer Adele Palmer, property developer Michael Yates and restaurateur Paul Lynch who sold it to the Miklosvary couple for $1.4 million in 2001.

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news@propertyobserver.com.au

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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