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233 Domain Road, South Yarra$14m
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233 Domain Road

South Yarra, VIC 3141, Australia
$14m
12 bed 4 bath 2 car743 m²

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About this property

The Phone Code for this property is: 77820. Please quote this number when phoning or texting. A rare opportunity to acquire Elm Tree House, a substantial and prominently positioned property owned by the Republic of Italy, in one of South Yarra's most established and highly regarded precincts. Occupying a valuable corner position with frontages to two main roads and rear laneway access, the property offers strong street presence, excellent accessibility and a flexible site configuration. The land is generally level and rectangular, with outdoor garden areas and an existing garage accessed via the rear laneway. Offered with vacant possession, Elm Tree House presents a unique opportunity for purchasers seeking a significant inner-Melbourne holding with generous proportions, historical interest and potential for future use or adaptation. Historical background Elm Tree House was constructed in 1857/58 and later acquired in 1920 by prominent Melbourne figures in the Melbourne society. The dwelling is associated with several notable events, including a visit by President Lyndon Johnson in the 1960s. The Italian Government acquired the property in 1974, and it has since served as the home of the Italian Cultural Institute. Key features Prominent corner position in South Yarra Frontages to two main roads plus rear laneway access Outdoor garden area Existing garage accessed via the rear laneway Generally level and rectangular site Offered with vacant possession HO6 Heritage Overlay precinct: non-contributory Historical interest Exceptional location close to the Royal Botanic Gardens, Domain Road, Toorak Road and South Yarra amenities Planning and heritage The property is located within the HO6 Heritage Overlay precinct and is identified as non-contributory. Sale process The sale will proceed in accordance with the official Notice of Sale documentation. Occupancy: Vacant Inspections: By appointment only Offers close: 12:00 pm AEST, 28 August 2026 Enquiries: melbourne.concorsi@esteri.it Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
12
Bathrooms
4
Parking
2
Land Area
743 m²
Listed
1 month ago

Repayment calculator

$67,871/month
$33,936 /fortnight
Loan $11,200,000 at 6.10% over 30 years

Upfront costs

Deposit$2,800,000
Stamp duty$890,000
Conveyancing (est.)$2,000
Total upfront$3,692,000
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in South Yarra

This 12-bedroom house in South Yarra, VIC 3141 sits within reach of public transport, local shops and nearby schools. It is listed 900% above the $1.40m median of 64 comparable houseswithin 5 km.

Schools near South Yarra

  • Kamarukacombined · 2-10 · Boys
  • Kamaruka - Primary Campuscombined
  • Melbourne Girls Grammarcombined · Prep-12 · Girls
  • Melbourne Girls Grammar - Morris Hall Campuscombined
  • Christ Church Grammar Schoolprimary · Prep-6 · CoEd
  • South Yarra Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Domain Road/Punt Road (bus)183 m away
  • Domain Dry Cleaners289 m away
  • Unnamed476 m away
  • Caroline Gardens518 m away
  • Charles Evans Reserve589 m away

South Yarra at a glance

Full suburb profile
Population
25,028
Median age
33
Household income
$2,063/wk
Median rent
$415/wk
Median mortgage
$2,100/mo

Source: ABS Census.

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Suburb market

Suburb price trend

South Yarra price trend

Median sold · House 3 bed

Compound growth -2.7% / yr over 4 yrs

$2.04mcurrent median

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