Koot's $12.5 million sale still holds mantle of Melbourne's top 2012 mansion sale

The low-key off-market 2012 Easter $12 million-plus sale on Kooyongkoot Road, Hawthorn has been settled. It was an remarkably private sale, so only Marshall White agent Marcus Chiminello knew anything about the details. It was sold by Craig Parsell, who was Hong Kong based when he bought it in 2002 for $3.45 million. Parsell is a veteran executive partner in the technology services company Accenture.

Known as Koot, its situated in the heart of the Scotch Hill precinct. It's got a tennis court and pool on its 2,788-square-metre holding.

Title Tattle has gleaned the $12,588,000 buyer was company director Juhne Liu. Add $692,000 in Victorian stamp duty to get the actual outlay. Juhne Liu, who was born in China in 1973, directs Australia Yijiahe Investment Pty Ltd which was registered with the ASIC in March last year. Liu's existing home is within the Mirvac development at Mulgrave.

Title Tattle isn't aware  of any other private sale this year in Melbourne, with two other sales just under $12 million in Toorak and South Yarra.

The road's name stems from the Aboriginal word kooyongkoot, meaning the haunt of the wild fowl.

There's an imminent fresh St Georges Road, Toorak, listing set to hit the market, but unless it's priced right Koot might just well remain the year's highest priced sale.

For property punters who like to guess sale prices Property Observer has set up a mini-competition among readers within the auspices of the PropertyTycoon website. Football tipping season may be over, but readers can take part in Property Observer’s auction tipping contest and stand a chance of winning $1,000.