155 Waterfall Gully Road

Held within the same family for over five decades, this landmark estate is a rare offering of history, scale and possibility. Rich in provenance and architectural integrity, it presents a compelling opportunity for buyers with vision to reimagine and secure a legacy holding of enduring significance. Whether revitalising the grand residence into an extraordinary contemporary home, embracing multi-generational living across the existing cottages and apartments, or exploring future hospitality or wellness concepts (subject to necessary consents), the foundations are already in place. This is a property of substance, ready for its next chapter. ** Rental appraisals are available for the 3 apartments, with the potential to earn an income while you enjoy turning this stunning home into your own personal masterpiece ** On Offer A landmark estate comprising a grand mansion of approximately ten principal rooms, plus an separate wing incorporating three self-contained yet interconnecting one-bedroom apartments. Set across approximately 2.91 hectares of established botanic-style grounds, the estate includes meandering driveways, walkways, stables, cottages, extensive shedding and storage, alongside resort-calibre leisure facilities including a north-south tennis court, pool, spa and dedicated entertaining terrace with change rooms. Multiple vehicle accommodation is available with generous capacity for boats, caravans or guest parking. A further 545sqm parcel of land located opposite (not separately titled) offers flexibility for additional parking or future consideration (subject to necessary consents). Apartments & Ancillary Buildings Three one-bedroom apartments, each with kitchen and bathroom facilities, are attached to the main home, independent yet interconnecting. Ideal for multi-generational living, guest accommodation or a potential income source from Air B&B accommodation (subject to necessary consents). The grounds further include a cottage/studio, workshop with WC, stables, a woodshed and substantial utility shedding. These adaptable out-buildings support lifestyle pursuits, creative ventures or future commercial concepts where appropriate. Location Positioned along iconic Waterfall Gully Road, the estate enjoys a rare combination of prominence and privacy within one of Adelaide's most picturesque valleys. Notwithstanding its lush, tree-lined surrounds, the property benefits from abundant natural light and a unique microclimate. Moments from the renowned Waterfall Gully Reserve and the Mt Lofty Summit walking trail, the setting is tranquil, established and deeply connected to nature, yet only a short drive to Adelaide's premier schools, Burnside Village and the CBD. A commanding presence from the street subtly conceals the remarkable scale of grounds beyond. History State Heritage listed and regarded as one of Adelaide's most iconic, historically significant estates, the property traces its origins to the 19th century. The original two-storey Waterfall Gully Hotel was constructed in 1883, later evolving through chapters as a wartime rest home for American servicemen and, in the mid-20th century, the Chalet Residential Hotel. Held privately since the 1970s, it now stands as a rare opportunity to steward an estate of genuine and deep history. The Main Residence Grand in scale and architectural detail, the principal residence showcases soaring ceilings, original fireplaces and mantles, ornate plasterwork, intricate leadlight windows, a sweeping central staircase and elevated balconies overlooking treetop vistas. With flexibility for up to six bedrooms and multiple formal and informal living areas, the layout offers remarkable adaptability. A statement great room provides the centrepiece for formal entertaining or future re-imagining, while an extensive underground cellar adds further character and utility. The scale and integrity of the original structure provide an exceptional foundation for considered restoration or contemporary transformation. The Grounds An expansive shaded lawn, established botanical gardens and winding pathways create a private parkland setting of rare scale. Elevated entertaining zones overlook a resort-style pool and spa, framed by hand-laid stone walls and mature trees. The north-south tennis court and pool pavilion complete what feels less like a residence and more like a private estate resort/retreat, immersive, secluded and entirely self-contained. One of the most, if not the most, optically pleasing estates in Waterfall Gully.