Built in the 1880s, Iona is a historic Sydney landmark. With rural proportions and an inner-city address, Iona's vast grounds and flexible floor plan make the property suitable for any number of purposes. Most recently, the property was rented by Baz Luhrmann and Catherine Martin, before they bought it in 2009. Iona has been a home for the creative couple, as well as headquarters for their production company, Bazmark.

The home has been exquisitely modernised, and decorated with costume and set designer, Martin's own wallpaper and carpet designs. Traditional stained-glass windows, high, ornate ceilings, gas fireplaces, and skylights contribute to the property's elegant appeal. 

The 2,716 sqm grounds contain established gardens and a heated pool and spa. The master bedroom has its own ensuite and lounge, with bespoke cabinetry. A caterer's kitchen, conservatory, sunroom, gym, temperature-controlled cellar, and basement are key features of this unique property. Iona is expected to sell for close to $16 million.