Lisa Wilkinson and her husband, Peter FitzSimons, are selling off their family home of 27 years, listing the historic property with an asking price of $23 million.

The media stars bought the Cremorne estate in 1998, paying $2.95 million for the landmark home, 'Ingleneuk', after selling their property in Mosman for $1.66 million.

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Since raising their three children, Billi, Jake and Louis, in the five-bedroom, four-bathroom home, the couple is ready to downsize out of the property, which spans 3214 square metres and boasts panoramic views of the city skyline and Sydney Harbour.

Ingleneuk, one of the largest landholdings on Sydney's North Shore, is listed with Brad Pillinger from Pillinger and Black Diamondz agent Monkia Tu.

Built in 1903, the listing describes the home as "a magnificent example of superbly preserved Federation architecture".

Designed by renowned architect Henry Wilshire for Sydney merchant Charles Crossman, it is on the market for only the third time in its 122-year history.

Will Dangar-designed gardens surround Ingleneuk.

The sprawling grounds include a flood-lit lawn tennis court, a heated in-ground swimming pool, a spa and a poolside cabana with a wet bar.

The house spans two levels, with soaring high ceilings, a grand entryway, intricate leadlighting, original polished hardwood floors and classic fretwork.

Under their ownership. Wilkinson and FitzSimons undertook an award-winning renovation by heritage architect Clive Lucas.

The pair added two adjoining lots to the landholding, which were previously subdivided, to achieve dual street frontage.

The property includes DA approval for a triple car garage designed by Mr Lucas, with interconnected studio accommodation and a new garden room.

Inside, the couple share an expansive parents' retreat with a sunroom, dressing rooms, a luxury ensuite and a private balcony.

The stately residence has multiple living areas, including a formal lounge and dining rooms with twin fireplaces.

At the heart of the home is an elegant entertainer's kitchen with marble details and a walk-in pantry.

A breakfast room attached to the kitchen features wrap-around windows and fills with natural light.

One of the home's stand-out features is the wide verandah, with ornate timberwork and expansive harbour views.

Other property features include a former coach house reimagined as a home theatre, gym and teenage retreat.

The couple has hosted many large-scale events during their almost 30 years living at the property.

Guest lists reportedly included Prime Minister Anthony Albanese, film star Hugh Jackman and British celebrity cook Nigella Lawson.

The sale of the home follows a tumultuous couple of years for former Today show host Wilkinson.

In February, Network Ten agreed to pay $1.15 million to Wilkinson to help cover legal costs incurred defending Bruce Lehrmann's unsuccessful defamation suit.

She joined Ten in 2018 after a pay dispute at Channel Nine when she discovered her Today co-host Karl Stefanovic was earning significantly more than she was.

Wilinson signed a new deal with Ten in 2021 but stepped down as host of The Project one year later after facing "relentless, targeted" media coverage on the back of a controversial Logies speech.