Luxury home with controversial build set to break $12 million suburb record when sold

A luxury home in Paddington has gone up for sale four years after a difficult building journey – and is now expected to break the suburb record of $11.8 million.

The five-bedroom home at 9 Reading St has been named ‘Skyline’: a collaboration between Graya and Joe Adsett Architects for owners Kylie Anne and Anthony Steven Preston.

After purchasing the property for $3m in 2019, the Prestons began one of the suburb’s most ambitious builds over the following years – one that got them in a legal dispute with their neighbour, multi-millionaire Steven John Baxter.

9 Reading St, Paddington, for sale with Ray White New Farm.

The family home’s luxury build faced a legal roadblock from the property’s wealthy neighbour in 2021.

The Mandoe Media founder had taken the owners to court over how their build plans affected his property, with the dispute beginning and ending throughout 2021.

But after completing the build and living there with their family for three years, the Prestons’ lifestyle change to Victoria has prompted a sale of the home.

The property is now on the market with Ray White New Farm agents Matt Lancashire and Josh Brown. Mr Brown said building the home required a long time discussing the details of the final home with both the local council and the contracted builders.

“It was a family home for the owners,” he said. “They wanted it to be a special home, so they scoured Paddington for the best block to build the house on.”

The court case within Steven John Baxter of Mandoe Media was resolved, and the Preston family lived in the new property 3 years before deciding to sell.

The property comes in at 810 sqm, with a flat floor plan and a 20-metre frontage looking out over Brisbane City.

The 810 sqm property features a flat, “fully integrated” floor plan with a 20-metre frontage, stretching out to offer a view right over the nearby CBD.

“They really made sure they maximised what could be done on site,” Mr Brown said. “The views there can’t be replicated – it really is one of two or three, tops, parcels of land in Paddington where you can achieve that.”

Features within the home include two living areas, an upstairs balcony and a pilates studio, with an ensuite attached to each bedroom. Meanwhile, a heated infinity pool and spa can be found outside, along with an outdoor kitchen, gazebo and sunken fire pit.

Luxury features include an ensuite for every bedroom, heated infinity pool and pilates studio.

The sale is expected to break the suburb’s previous record of $11.8 million.

Mr Brown said they expected the sale price to be “north of” the suburb’s biggest yet: a 653 sqm property at 45 Garfield Dr, which sold for $11.8m.

“How far north of that, that’s what we’re going to be figuring out,” he said. “The depth of buyers in this range is quite deep.”

“Joe [the architect] has walked us through the vision for the property, matching it to the current owners’ circumstance; which I think is going to appeal to a large corner of the market at this price point, and that’s families with 2-4 kids.”

Expressions of interest are currently being taken for the home.

The post Luxury home with controversial build set to break $12 million suburb record when sold appeared first on realestate.com.au.