Timezone founder sells home for $7M+

The fixer of teenage boredom has sold his Perth chateau for more than $7 million.

Arcade games guru and Timezone founder Malcolm Steinberg and his wife Frances have sold their luxe Mosman Park home after just four days on the market.

The three-level property at 7 Owston Street could reasonably be called one of the top properties in Perth thanks to its state-of-the-art design, but Fine & Country agent Amy Gohil says that’s not even the best part. 

“It’s beautifully laid out, but the strong response to this property was also due to its super-prime location,” she explains. “You’re in Perth’s golden triangle and you’re on the riverfront so you get those stunning river views across to the city, they’re just phenomenal.”

“There was a high level of interest right from the start, that first weekend we had three written offers which was a fantastic result.”

Set on a 810sqm block, the four-bedroom residence is an entertainer’s dream. Three eclectic storeys are linked by an internal lift and floating staircase, highlighted by frosted glass steps and a white steel spine.

The middle floor hosts a giant open-plan dining and lounge room, warmed by a feature fireplace with floor to ceiling windows displaying that river view. One of four en suite bedrooms sits just off the foyer, with a gourmet chef’s kitchen on the southern end of the floor. The first of three incredible entertaining terraces lies just off the lounge, and the perfect addition to any outdoor space – a built-in barbecue.

On the top floor, the master suite shares the space with a modern library and another of the bedrooms. The minimalist design foregrounds that incredible view, and you’ll almost feel like you’re in the middle of it all thanks to wall to wall panes of glass in front of you, and even below you! Completing the master suite are his and hers dressing rooms that even come with a makeup nook, and a gorgeous en suite with a free-standing bath and circular central rain shower. 

The entertaining options continue on the ground floor, where a casual living space flows out into the garden and accompanying feature pond and swimming pool. Exposed steel beams and raw concrete ceilings give this space a more industrial feel, tempered by a Bisazza mosaic feature wall around the fireplace. 

“We deal with a lot of prime properties in the upper quartile of the Perth real estate market and we’re seeing a lot of movement,” Amy says. “Properties with the right location and size, of which this is indicative, are selling quickly.”

“The owners were very happy with the result.”

Malcom Steinberg started out in 1958 with 21 pinball machines placed in various fish and chips shops across Perth. Today this has expanded into more than 200 arcades across Australasia and a net worth of approximately $220 million.


7 Owston Street, Mosman Park, WA 6012


Amy Gohil – 0451 248 101
Vivek Gohil – 0451 238 101
Fine & Country

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