There's a new most expensive home for sale in Sydney, Australia. For $58.5 million, the estate known as "Mandalay" in Point Piper can be yours.
The house is currently owned by William Webb, a former tobacco company CEO, and his wife Marijke, according to The Herald Sun. The couple bought the home in 2004 for $20 million.
The house has five bedrooms, six bathrooms, and 21,520 square feet of living space.
Real estate agent Kevin Whelan of Coldwell Banker Double Bay told The Herald Sun he expected a wealthy Chinese buyer looking for a holiday house to snatch up the property.
Welcome to Mandalay, on the tip of Point Piper peninsula.
It's designed like a grand European mansion.
The walls are all white, but the home is hardly plain.
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