Tennis Australia CEO Craig Tiley has shattered a southeast Melbourne suburb’s price record by $8m.
Industry sources told The Herald Sun that Tiley paid north of $13m for a beachfront Aspendale home earlier this month.
With nothing between the 2000sq m property and Port Phillip Bay, it also has a floodlit grass tennis court, pool and spa.
The longstanding CEO and Australian Open director, and wife Alicia, sold their Brighton mansion last month.
Belle Property Mentone listing agent Garry Donovan said he could not discuss the sale of the property, but did confirm he had sold a neighbouring home for $10m recently.
“I did sell (the one next door) at land value, for $10m,” Mr Donovan said.
“This area is just unbelievable. It’s bulletproof. Anything happening globally, or rising interest rates – it all doesn’t matter; this is a different buyer pool.”
The agent added that there were only about 500 properties with genuine beach frontage from Port Melbourne south, and most owners would retain properties that did have the elusive feature for exceptionally long periods.
Tiley’s new $13m+ trophy home boasts four bedrooms and fourth bathrooms, as well as three living areas and multiple open-air entertaining spots.
The two recent Aspendale sales smashed the suburb’s benchmark, which CoreLogic records show was set at about $5m in 2014.
Tiley has been the CEO of Tennis Australia since 2013, and made headlines in January after being involved in the Novak Djokovic turmoil which resulted in the world No. 1 tennis player being deported, after initially being allowed to fly into the country to play in the 2022 Australian Open.
The record-setting southeast Melbourne home also has a four-car garage, a gourmet kitchen with Gaggenau appliances, butler’s pantry and subzero wine fridge.
– with Nathan Mawby
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