31 Olola Ave, Vaucluse, has a $6m price guide ahead of its August 22 auction.
The incredible Vaucluse home of music industry entrepreneur Pete Lusty — who passed away in March after a battle with cancer — has hit the market with $6m guide.
Lusty, who was the co-founder of the independent music company Ivy League Records and management company Winterman & Goldstein, guided rock bands such as The Vines, Jet and Empire of the Sun.
Property records show he and his wife, Georgia Day, bought the five-bedroom, four-bathroom Olola House on its 1168sq m block — opposite Vaucluse House — for $4.45m in 2015.
It’s now listed with Sotheby’s International managing director, Michael Pallier — who sold them the house — for August 22 auction.
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The house was designed to experience architecture and nature.
There’s a 24-metre lap pool.
The master suite has harbour views.
Designed to “experience architecture, nature and capitalise on natural light”, the north-facing home features open plan living and dining flowing to a large entertainer’s deck and pond, has a marble gas kitchen and a separate TV room.
Other highlights are the 24-metre lap pool, a wood-burning Jetmaster fireplace, electric underfloor heating and the sustainably sourced hardwoods, sandstone and limestone finishes.
The master suite, which has an ensuite and built-in wardrobes, has harbour views.
There’s also a separate workshop with plenty of storage and an underground media room or music studio with its own kitchenette and airconditioning.
High ceilings.
The whole house opens up.
Incredible design.
It was only last October that Suns Beer held a launch party for their summer ale at the home, with guests bowled over by the home’s tree-like design.
Everyone was wondering who the famous owners were, with the living room full of ARIA awards.
Lusty was aged 50 at the time of his death. He had two children, Tom and Kitty.
A statement released soon after his death, from Andy Cassell and Andy Kelly who were his business partners at Ivy League — the label home to The Teskey Brothers, The Rubens and Alpine among others — said: “Words can’t describe our sadness … we love him so much.”
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