Cloyne, the most glamourous of 1920s Toorak residences, has been sold again.
This time its been bought by emerging childcare centre entreprenuer, Darren Misquitta. He co-founded Oxanda Education whose program focusses on music, movement, creative play, social development and physical fitness.
It's a home which can only be described as tempered eclecticism along with Karina, wife, and their two young children, who have been living at a classy Altona home.
The five bedroom, five bathroom Harold Desbrowe-Annear-designed house, with prominent port corchere on its Toorak Road frontage, last sold at $3.8 million in 2014 to a Chinese businessman and before that in 2011 at $3.5 million. No price has emerged yet after the Sotheby's International sale.
Cloyne has a fascinating past after being built for Louis Nelken, reputedly a former Royal family butler, who married into the establishment Baillieu family.
They finally left Cloyne with a swell party in 1955 attended by establishment families, Baillieu, Hordern, Myer, Manifold, Chirnside and even the Dekyvere's from Sydney.
The swinging 1960s then saw Coyne owned by the flamboyant playboy Don Busch. The tycoon, but inexperienced pilot, died in 1970 in a Mustang plane crash at Bendigo in country Victoria.
It sold in 1971 for $145,000 to Toorak hotelier William Drever.
Long describe as one of the most architecturally significant buildings in Melbourne, Sothebys agent Greg Herman it was "truly a Melbourne landmark".
Comprising grand entrance, formal sitting room, informal sitting/dining room and kitchen, they open north via French doors to the swimming pool and cabana.
There is a paneled study, ballroom and private guest quarters.
Cloyne comes with a jewel-like quality with a Venetian window motif.
Misquitta was best known as Killara Resources Limited's Indonesian based executive director.
He studied extensively through Europe, working closely with major financial institutions on risk management policies and international finance. He has also spent time in China studying Chinese commercial law.
This article was first published in the Weekend Australian's Mansion Australia section.