Mr Luhrmann is reported to have purchased the 30-room mansion for $10 million seven years ago. Luhrmann is behind the films ‘Australia’ and ‘The Great Gatsby’.
The Sunday Telegraph reports that the couple told associates they were selling the 1888 Victorian Italianate villa because they wished to move closer to the beach. However, insiders say they are biting the bullet to help cover the finance shortfall that followed when movie studio Warner Bros turned off the tap on The Great Gatsby last year.
More images of the mansion can be seen
here.