2 Kinane Street, Brighton has sold.
A beachfront Brighton mansion has sold after hitting the market last month with a $16-$17.5m asking price.
Secrecy surrounds the landmark deal, with the selling agents required to sign confidentiality agreements restricting them from revealing the final price and details about the buyer.
But Marshall White Bayside agent Simone Howell could confirm the purchaser planned to keep the four-storey trophy house — which was built in the ‘80s by rich lister property developer Max Beck — as a residence.
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The property sprawls across 3200sq m of land right on Brighton’s beachfront.
The new residents will be able to enjoy the outdoor pool in the warmer months …
… and opt for the indoor pool when the weather’s cooler.
Both homebuyers and developers looking to transform the 3200sq m property at 2 Kinane Street into apartments were eyeing it when it was listed in June.
“(The buyers) fell in love with the property from the very beginning, they had always had their eye on it,” Ms Howell said.
“They had been looking for the last couple of years for the right property.”
She expected them to refresh and renovate the residence, featuring nine living and dining spaces, six bedrooms and eight bathrooms, plus two pools and a tennis court across two land titles.
One of the home’s nine living and dining spaces.
The palatial proportions were a major selling point.
The glass-walled lounge crowns the mansion.
The property’s “palatial” size, prime beachfront position, and views of the Dendy St beach boxes, the bay and city skyline were the major drawcards for buyers during the swift 46-day selling campaign.
“It’s a really good result, particularly during this (coronavirus-impacted) time,” Ms Howell — who had the listing in conjunction with Sutherland Farrelly — said.
“It shows there is still money out there, and confirms property is still selling well.”
A tennis court is also part of the special package.
The house captures views of the bay, city skyline and beach boxes.
The buyers had been eyeing the property for some time.
The agent previously told the Herald Sun the residence, in its early days, had become known as “the most prestigious house in Brighton” due to its grand proportions and parties.
CoreLogic records show in 2013, the former owner of collapsed milk broking firm National Dairy Products, Tony Esposito, paid $10.8m for the property. The following year, he expanded its footprint by securing a neighbouring block at 92 Esplanade for $3,843,800.
The entire 3200sq m estate hit the market asking $20m in late 2018, following NDP’s liquidation.
Gaggenau and Miele appliances feature in the kitchen.
A massive bedroom.
Realestate.com.au notes the property sold for an undisclosed price in February 2019, but 2 Kinane St’s title document still names AE Brightons Holding Pty Ltd — of which Mr Esposito’s partner Violetta is listed as director — as the owner, suggesting that deal wasn’t finalised.
The mansion’s multiple living spaces include a wood-panelled dining room, a sitting room with marble flooring, a basement cinema, and a glass-encased top-floor lounge.
Other highlights are a Gaggenau and Miele kitchen, a 1200-bottle cellar, a luxe main bedroom with a spa ensuite and a dressing room, a 25m indoor lap pool plus an outdoor pool and spa, a steam room, sauna, gym and two garages with space for nine cars.
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The post Brighton beachfront mansion built by rich lister Max Beck sells appeared first on realestate.com.au.