One of the most prestigious estates in Sydney's Bellevue Hill has come onto the market for the first time in almost three decades with an asking price of more than $30 million. Leura, at 24 Victoria Road, was built in 1891.

The heritage home was bought 29 years ago by New Zealand businessman Ken Allen and his wife. The home has had just six owners in 125 years since it was built for the Knox family who owned the Colonial Sugar Refinery. 

The listing, with Ray White Double Bay, describes Leura as "undeniably one of Sydney's grandest estates....a landmark residence unparalleled in grace, style and historic significance." The home sits on 4,260sqm of established grounds. Inspection is by appointment only.