Historic Australian Mansion Elaine Projected to Sell at $87 Million

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This incredible Australian mansion is projected to sell for so much that we just can’t ignore it! The expected sale price, projected between $70 million and $80 million USD, will break records in the country. For comparison, the listing’s only close competitor was a $45 million USD residential sale.

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Elaine, as the estate is called, has never been on the market in its 123 years of existence. The home has been in Australia’s ‘media dynasty’ Fairfax family since 1891 and offers seven bedrooms, seven bathrooms, a grand ballroom, stables, a grass tennis court, a harbor pool and spectacular views.

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Ken Jacobs/Christie’s International Real Estate has the listing.

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