A little known businessman has smashed the property price record to buy a 'ghost mansion' that has stood idle for more than three decades. 
Ed Craven, 27, splurged a rumoured $88million on the unfinished house in St Georges Road in the ritzy suburb of Toorak, obliterating the city's previous record sale of $52.5m paid for Stonington Mansion in Malvern in 2018.
The crypto magnate bought another Toorak mansion for 우리카지노쿠폰 $38million in March, 우리카지노계열사 but his latest purchase dwarfs that, being the third-highest property sale ev
n Aus
ia. Mr Craven co-founded crypto gambling platform Stake.com in 2017 and the company has quickly grown to an estimated worth of mo
han $
lion. Crypto magnate Ed Craven (pictured), splurged a rumoured $88million on an unfinished house known as t
ghost
sion' Mr Craven had already bought another mansion in the suburb just five months ago (entrance to the $88million
sion
ured)His latest pick up, which measures about 7,200sqm, was last sold for $5million in 1991 by property developer David Yu, who put it on t
arket
2020.He bought the property from then-Hoyts boss Leon Fink, who had half-built a French Renaissance-style ma
n on
site.Mr Yu left it untouched in the following 31 years, but reportedly turned down seve
offer
r it.He had planned to subdivide the huge block into nine lots in 1992, but that was rejected by th
cal c
il. Toorak is home to the heads of some of the biggest compa
in t
orld. RELATED ARTICLES



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Chemist Warehouse boss Sam Gance paid $43million for a house on Lan
Road
2021.Tech entrepreneur and Kogan.com founder Ruslan Kogan is also a local after paying $38.8million to
e in
area.Mr Craven's company, Stake, operates internationally with hundreds of employees, the majority
d in
pe.  The block on St Georges Road, Toorak (pictured), has a half-built French Renaissance-style mansion on the site, but has be
dle s
1991It sponsors English football clubs Everton and Watford, UFC in Latin A
ca an
ia. The $100m purchase by Atlassian co-founder Mike Cannon-Brookes of the 1.12 hectare Fairwater harbour-front mansion in Sydney in 2019 remains the highest price paid for a house in Aus
ian h
ry. The second-highest price ever paid in Australia is the $95m paid by gold miner John Li to buy a house called Edgewater in the Sydney suburb of Poin
per i
20.