Timezone founder’s Perth mansion snapped up for $7m in four days

The spectacular home owned by arcade king and Timezone founder Malcolm Steinberg and his wife Frances has sold for more than $7 million – just four days after being listed.

The Millionaire’s Row residence at 7 Owston Street in Mosman Park was renovated by visionary architect Ariane Prevost in 2005, who remastered the home from a 1950s Geoffrey Summerhayes design.

The Steinbergs purchased it in 2014 for $7.4 million.

Mosman Park home 1

The stunning home was architecturally remastered in 2005. Picture: realestate.com.au/sold

Amy Gohil, from Fine and Country – West Perth, said offers started rolling in as soon as she launched the property, which had previously been listed with another agent.

“We launched it on the Wednesday and it was gone that first open home weekend. The level of interest was just immediate from the start and there were a lot of people very, very keen to come through,” Ms Gohil said.

“We had 15 groups through, bearing in mind the price bracket because we were looking for offers from $7 million.

“The quick sale is indicative of the property and the fact that it’s a multi-buyer home. It suits a lot of different people for different purposes with good separation of space and you have two levels for entertaining.”

Spanning three levels in total, the four-bedroom, four-bathroom abode has an unparalleled air of sophistication with a private lift, Lalique crystal door handles, outstanding wine rack and marble-laden ensuite in the master bedroom.

The ground floor has been fashioned from a limestone cliff with exposed steel beams and raw concrete ceilings to create an industrial vibe.

The commercial kitchen has an almost futuristic feel with stainless steel benchtops as well as a teppanyaki plate, steam oven, warmer and integrated fridge/freezer.

Outside, the riverfront vista takes precedence, alongside the solar-heated infinity swimming pool, outdoor shower and balcony entertaining spaces that capitalise on the stunning views.

“The renovation by Ariane Prevost was a complete redesign,” Ms Gohil said. “It was a 1950s Californian bungalow and was changed into a very, very ahead of its time, beautiful tri-level home.”

Mr Steinberg, one of Perth’s most successful businessmen, made a career from arcade games after bringing 21 pinball machines to Perth from the eastern states in 1958, placing them in various stores and fish and chip shops.

He opened his first game arcade in Murray Street, Perth, in 1978 and later expanded into game design and manufacturing through Leisure and Allied Industries.





Last year, Ms Gohil sold another of the Steinbergs’ properties – 7 Saunders Street, Mosman Park – in a revolutionary campaign that included neo-futuristic design plans to transform the ageing mansion, which had lingered on the market for almost 2000 days.

Mark Barnaba, a board member of the Reserve Bank, non-executive director at Fortescue Metals Group and one-time chairman of the West Coast Eagles, paid $8.5 million for the home.

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