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South Yarra renovation: Maristowe House seeks $3.85m after wine cellar scrapped - realestate.com.au

RealEstate.com.au News •
November 15, 2026 • 01:00 AM
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Structural concerns forced builders to abandon a historic Victorian home’s underground cellar, but its new owners want up to $1.5m-plus more than they paid in 2024.

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David Bonaddio, Real Estate Reporter

First published 15 Nov 2026, 12:00pm

Whitefox Stonnington associate director Jesse Jones is marketing Maristowe House in South Yarra, which is seeking up to $1.515m more than its 2024 sale price.

A South Yarra Victorian is seeking up to $1.515m above its 2024 sale price following a major rebuild that sacrificed its underground wine cellar.

The three-bedroom house at 9 Fitzgerald St , known as Maristowe House, fetched $2.335m in January 2024 and now carries a $3.5m-$3.85m asking range.

Despite the overhaul, the 1880s property still has three bedrooms and two bathrooms, but its entertaining spaces have been dramatically transformed.

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Among the additions is an enormous curved kitchen island that seats 12 people, an unusually large feature for a home with so few bedrooms.

Whitefox Stonnington associate director Jesse Jones said the renovation had created something rarely seen in a property of its size.

“The island is massive,” Mr Jones said.

Whitefox agent Jesse Jones described the kitchen island as “massive”, with the bench designed to accommodate 12 people in a three-bedroom home.

An underground wine cellar advertised before the home’s 2024 sale was abandoned during the rebuild over structural concerns, with a bar installed instead.

But the ambitious project also came at the expense of an underground wine cellar, which had been advertised as a selling feature when the home was previously on the market.

“There were plans to keep the former basement cellar,” Mr Jones said.

He said concerns about the building’s structural integrity led to the plans being abandoned, with a bar installed instead.

The renovation, undertaken by Odyssey Architecture, Mancini Made and Jessica Ellis Studio, retained much of the original layout and Victorian character while overhauling the rear.

Behind the 1880s frontage of 9 Fitzgerald St is a dramatically rebuilt rear, with the house now seeking as much as $3.85m.

Full-height steel-framed doors connect the redesigned living spaces to a north-facing garden, with the renovation prioritising entertaining over additional bedrooms.

Behind its relatively unassuming street frontage, the home opens into a contemporary living and dining area, with full-height steel-framed doors connecting to a north-facing garden.

Original features such as leadlight, arched hallways and a marble fireplace remain. A large skylight also floods the rear living areas with natural light.

The property occupies a 306sq m block in a South Yarra cul-de-sac near Chapel Street and Prahran Market, with off-street parking for two vehicles.

Maristowe House still has two bathrooms, the same number advertised before its $2.335m sale in January 2024.

The 306sq m South Yarra property includes off-street parking for two vehicles.

Mr Jones said the extensive entertaining areas could appeal to buyers wanting to downsize without giving up the ability to host larger gatherings.

“Downsizers with a big family could host events here,” he said.

The asking range represents an increase of about 50 to 65 per cent on the property’s previous sale price, although renovation costs have not been disclosed.

The three-bedroom Victorian retains its original accommodation count despite an extensive renovation and a new $3.5m-$3.85m asking range.

The renovation by Odyssey Architecture, Mancini Made and Jessica Ellis Studio combines contemporary finishes with the home’s retained Victorian character.

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