The house has four double bedrooms, each with an en suite, basement parking for six cars and a lift connecting all three floors, a swimming pool, a cinema room and a roof deck.
The house has a long, open-plan kitchen.
Market sources said the original asking price was close to $12 million.
Ms Stamoulis’ five-bedroom house with a tennis court at 20 St Georges Road is now up for sale through Marshall White agent Marcus Chiminello, with an asking price believed to be above $20 million.
The house on 1457sq m, designed by Bates Smart McCutcheon and built in the 1940s, was acquired in 2011 for $14.5 million.
Magical proportions: The home cinema.
Ms Stamoulis is a sister of Harry Stamoulis, who bought the former Baillieu family home at 39 St Georges Road and built a new mansion on the site.
This was reported to have cost more than $70 million when it was completed in mid-2015.
Ms Stamoulis, who was approached for comment, is also a director of the family’s private investment and development companies, as well as a director of the family company that owns Melbourne’s Greek-language 3XY Radio Hellas and Ta Nea Newspaper.
She and brother Harry are the two surviving children of their mother, Helen and late father. Their sister Nafsika died in 2004, aged 24.
The family also founded Melbourne’s Hellenic Museum, which opened in 2008 in the heritage-listed Royal Mint building in William Street.
The luxury home at 2 Kinane Street, Brighton, is known by some as the ‘Brighton Town Hall’.
Separately, a four-level, six-bedroom, eight-bathroom luxury home built by Rich List developer Max Beck in the 1980s at 2 Kinane Street in Melbourne’s Brighton sold late last week after a campaign with a price guide of $16 million to $17.5 million.
Marshall White agent Simone Howell declined to disclose the price of the mortgagee-in-possession sale.
The property, which has two pools and a tennis court and is known as the “Brighton Town Hall”, covers 3200sq m across two titles, having subsequently been expanded with the addition of the neighbouring block at 92 Esplanade.

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