On The Market This Week: Historic Italian-Built Elizabeth Bay Estate

There are few homes in Australia as historically beautiful as this Elizabeth Bay waterfront estate. The 3300 square metres of waterfront realty dubbed 'Tresco' was designed in 1868 by the leading architect of the day Thomas Rowe and built by Italian stonemasons. Until last century the property was owned by the government and used by the Officer-in-Command of the Royal Australian Navy. Eight colonial-style bedrooms sprawl across the two-storey mansion, complemented by two studies, regal entertaining spaces and two kitchens. Highlights for us include the conservatory-style sunroom and quaint marble fireplaces. A two-bedroom self-contained caretaker's flat sits above the garage while the former stables have been transformed into generous office and cellar space. Towering heritage-listed Moreton Bay fig trees cast shade over the pristine harbourfront gardens that stretch down to a private sea pool, a jetty and boathouse. [gallery link="file" ids="19871,19872,19873,19874,19875,19876,19877,19878,19879,19880,19881,19882,19883,19884,19885,19886,19887,19888,19889"] Formerly owned by the Waterhouse family, who purchased the property in 2004 for $11 million, Tresco went through a massive refurbishment that had some suggesting in 2017 it could fetch $50 million. While there's no buyer's guide accompanying the listing, expressions of interest have been open since April 30th. Contact Bill Malouf from LJ Hooker on 0411 428 354 for more information. RELATED: On the market this week: A luxurious Toorak manor