02/27/12
Price: $12,800,000
Location: Merricks, Australia
Type of Home: Waterfront
Perched on 27 acres of land, this 14,000-square-foot home includes a croquet lawn, courtyard and private theater. —Andre Cooray
The custom-built home was completed in 2007 after four years of planning. It has been on the market since November 2011. One of the two owners, who are married, is a former senior executive from the luxury hotel and resort industry. Photo: Knight Frank
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