Dean and Heather Kyros’ Medindie home at 11 The Avenue is tipped to smash South Australia’s residential property record, with Booth Real Estate agent Jamie Brown expecting it to exceed the $13.5 million benchmark.
The Kyroses purchased the property in May 2007 for $3.23 million and have since renovated it multiple times, most recently through a four-year transformation by Williams Burton Leopardi.
Heather Kyros said the brief was for the home to feel like a “luxurious hotel,” which they believe has been achieved.
The three-storey property sits on a 2,851sqm allotment, featuring six bedrooms, eight bathrooms, parking for 10 cars including a turntable, 1,214sqm of living space, a swimming pool, spa, and a floodlit tennis court.
Mrs Kyros noted it has hosted many gatherings over the years, particularly for their children’s friends, but the couple, now empty nesters, feel it is time to downsize.
Brown highlighted the home’s prime location in Medindie’s “best pocket,” noting that properties on The Avenue rarely sell and its sale could recalibrate the top end of Adelaide’s market.
“Once one goes, a bit like Bishop’s Court did, it will set the pace and there will be more like it come on over the coming few years,” he said.
The Kyroses’ home is being marketed without a price guide but is expected to command a record-breaking sum.
Source: Realestate.com.au.
