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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Location
Market Insights for Balwyn VIC 3103
New Listings (last 30 days)
18
Average price
$3,983,333
Lowest price
$1,300,000
Highest price
$13,000,000
Other properties in this postcode

18 Maleela Avenue, Balwyn VIC 3103

Private Sale $6,500,000-$6,950,000

Listed: 28th Jul 2026
Updated: 15 days ago
Overview

Embodying timeless elegance and architectural distinction, this splendid Spanish Mission-style residence, known as ‘Macûla’, offers a unique lifestyle opportunity on an impressive 1973sqm allotment in Balwyn's coveted Reid Estate. The property blends the original craftsmanship of 1932 with thoughtful contemporary enhancements, presenting a sanctuary of luxury and character across two expansive levels.

Upon arrival, a returning driveway with porte-cochere and triple-brick rendered walls enhanced by intricate Caslake wrought iron evoke a stately presence reminiscent of a grand Cordovan villa. Inside, heritage features include polished hardwood flooring and exposed timber beams that gracefully lead to an old-world study and a formal sitting room with a monumental fireplace and arched glazing. A custom oak wet bar adds distinguished charm.

The home caters beautifully for both formal entertaining and family living. A sizable dining room opens onto a vast sandstone terrace, ideal for social occasions. Culinary enthusiasts will appreciate the gourmet granite kitchen equipped with premium Smeg double ovens and a Bosch dishwasher, complemented by a scullery, wine cellar, and ample storage. The free-flowing family zones incorporate living, dining, and study areas that expand seamlessly via French doors to the garden, while a secluded games and billiard room offers added leisure space.

Comfort is assured with hydronic heating and air conditioning throughout both levels. Flexible accommodation includes a versatile ground-floor bedroom with a private bathroom and external access, perfect for poolside guests or extended family. Upstairs, the master suite is a luxurious retreat featuring a spacious walk-in robe, heated-floor ensuite, and Juliet balcony. Three additional ensuite bedrooms and a sunlit lounge with spectacular views complete the upper level.

The substantial grounds enhance the property’s appeal with a solar-heated swimming pool at the heart of a layered outdoor entertaining space. Covered terraces with integrated speakers, an elevated bluestone-paved area, vine-clad pergola, utilities courtyard, greenhouse, storeroom, and lush garden pockets offer a tranquil environment for relaxation and social gatherings.

Additional amenities include a powder room, laundry with ironing station and toilet, basement plant room, large underground water tank, and a remote-control double garage. Nestled amidst tree-lined streets and elegant parkland, this impressive family home promises proximity to reputable schools such as Camberwell Grammar and Fintona, boutique shopping, cafes, restaurants, and public transport options, ensuring an enviable lifestyle in one of Balwyn’s most treasured neighborhoods.

Local Market Insights

In Balwyn, Quiet Listings observed 18 new houses entering the market over the last 30 days, up from 15 during the previous 30-day period, with an average advertised asking price of $3,983,333. The property type mix of listed properties is predominantly Houses at 69%, followed by units (15%), and townhouses (8%). The most active agency for houses in the Balwyn area is currently Jellis Craig, representing 39% of new listings, followed by Ray White with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Change History
Headline When
Private Sale $6,500,000-$6,950,000
Expressions Of Interest Close 25 August At 5pm
Expressions Of Interest