Former Melbourne Rebels rugby club owner Andrew Cox has put his notable 19th-century house in the Australian city’s Brighton suburb back on the market with a multimillion-dollar price cut.

The grand dame, a rare Italianate mansion called Narellan, was last on the market in April 2021—amid Melbourne’s on again off again series of strict pandemic-induced lockdowns. At the time, the 1880s residence had an ambitious asking price of A$18 million to A$19 million (US$11.88 million to US$12.54 million) but failed to sell. Now, with new listing agents, Gowan Stubbings and Will Maxted of Kay & Burton Stonnington, the house has a revised price guide of A$13.5 million to A$14.3 million.

Stubbings said the expansive six-bedroom house on 1,389 square meters on Moule Avenue, just streets from Brighton Beach, is priced to sell.

“It’s certainly in very good company in the caliber of A$10 million up to A$50 million homes,” Stubbings said. “Brighton, like many of Melbourne’s elite suburbs, has seen several of its historic homes modernized and changed over the years, but Narellan is an icon for the area,”.

The home’s white Italianate Victorian facade is eye-catching, Stubbings said.

“It has such a majestic nature. You can see it being one of the original Brighton landmark homes,” he said. “When I walk up to the top of the turret and take in the views over Port Phillip Bay, it takes me back to another time and I can imagine the ships coming back towards the city.”

Cox, the former Melbourne Rebels Super Rugby club owner, paid A$5.71 million for the estate in 2006, according to CoreLogic records.

New Zealand-𝐛𝐨𝐫𝐧 Cox now runs private equity fund Imperium Capital Group, a diversified investment company that acquires small and medium enterprises mainly in the tourism, hospitality, and sports management sectors.

The house also belonged at one point to powerhouse employment website seek.com.au’s co-founder Andrew Bassat.

Cox declined to comment on the sale of the property, but it is understood that during his ownership the vast two-story house has been completely updated.“It’s been very sympathetically redone for its era,”  Stubbings said. “People love the big ceiling heights, the large rooms and the natural light, but it’s the kitchens and bathrooms that give it a more modern feel. It all works incredibly well together, especially when you’ve got bathrooms spilling out onto the upstairs terrace, it’s just like a luxury hotel.”

“This home has been designed so that someone can just move in and enjoy it. There’s nothing more to do. They’ve modernized it beautifully to the way we live today. I just think they’ve nailed it,” Stubbings added.

The home features a long list of ground-floor entertainment spaces including an elegant entry porch and foyer leading to a large study or library, a sitting room, a formal dining room, an elaborate billiard room with bar, a combined living area, and a contemporary kitchen. There is also a sunroom, gym, sauna, and self-contained two-bedroom guest wing with a commercial-grade kitchen.

Upstairs are six spacious bedrooms, including a main suite with a bay window, private balcony, walk-in wardrobe, and ensuite plus access to the unique turret with sweeping views of Port Phillip Bay and the city skyline. The upper floor also houses two additional living rooms and two more balconies.

Outdoors, the home is surrounded by landscaped grounds with manicured hedges, rose bushes, level lawns, an alfresco barbecue terrace with fireplace as well as a pool house with a bathroom kitchen, and pool.

The period home is a short walk from the beach with sought-after schools, popular boutiques, and eateries nearby.