The basement level includes parking for eight cars, and adjoins an entertainment space with cantilevered bar, complete with porthole windows through to the pool.
The ultra-contemporary extension wraps around a rear garden with heated mineral travertine pool and spa.
While the exact sale price is undisclosed, local real estate sources say the property was a little over $17 million – at least 70 per cent above Elwood’s previous record of $10 million, set by a Dickens Street property sold in 2022.
Vendor Helen Argyrou listed the property with RT Edgar’s Sarah Case, who said the property on a 1142-square-metre block “set the standard for the area” and was one of the biggest landholdings in Elwood.
Bruce Peterson came up with the idea for The Lume digital gallery after his children were bored visiting art galleries in Europe.
The prestige agent said the offering’s value stemmed from its block size and high-end construction.
“It was a very successful campaign with multiple buyers vying for the property, which brought the campaign to a head earlier than expected,” Ms Case said.
The Petersons are relocating from neighbouring Brighton, where property shoppers can expect the “for sale” sign to go up on their current home, another grand Federation mansion purchased for $7.9 million in 2017.
The Elwood home’s “Mykonos room” adjoins the eight-car garage and features a bar and porthole windows to the pool outside.
Following the global success of his highly profitable art installations business Grande Experiences, Mr Peterson also created the world’s largest digital art gallery, The Lume, which is readying to open its epic Leonardo da Vinci – 500 Years of Genius exhibition on March 14.
Mr Peterson’s record-setting Elwood purchase times with a change of pace for the creative heavyweight. It was announced recently he will hand over the CEO reigns of Grande Experiences and The Lume to creative industries leader Steve Smith. Mr Peterson will chair the board of advisers.
Mr Peterson pioneered Grande Experiences to become one of the world’s leading multimedia exhibitions, bringing iconic artists such as Van Gogh and Salvador Dali to the masses. The highly profitable art installation business recently celebrated the 100th display of Van Gogh Alive, in Tokyo, after exhibiting in Sydney, Rome, Berlin and Singapore.
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