Stephen Arvanitis, the son of Greek Australian aged care mogul Peter Arvanitis, has discreetly listed his lavish Toorak mansion for sale, with an expected price tag of around $30 million. Arvanitis purchased the six-bedroom St Georges Road property just over a year ago from billionaire Smorgan family members Michael and Hayley for a similar sum.<\/p>\n Peter Arvanitis founded Estia Health, a leading aged care company valued at $725 million in 2014. After Peter\u2019s resignation in 2016, Bain Capital acquired Estia Health for $551.3 million in December 2023.<\/p>\n The ivy-clad mansion, located on one of Melbourne\u2019s most prestigious streets, is being marketed off-market by Forbes Global Properties Australia. According to agency director Robert Fletcher, the property offers a prime opportunity for renovation or redevelopment on its approximately 2,100-square-meter parcel of land.<\/p>\n \u201cIt\u2019s in one of the best positions in St Georges Road,\u201d Fletcher said. \u201cIt\u2019s the key for someone to open up the trophy they\u2019ve always dreamt of creating.\u201d<\/p>\n The Smorgan family originally purchased the property for $4.25 million in August 2001, highlighting its substantial increase in value over the past two decades.<\/p>\n![\"capi](\"https:\/\/greekcitytimes.com\/wp-content\/uploads\/2025\/02\/capi_b859e542ae875da65b45277f53349cb8_3aeacf85ff04ab01dacbb10dc09357d1_99181323461-1-1024x1024.webp\")