PHOTO: Coles chief executive Steven Cain, who has recently bought a new home. Photo: Wayne Taylor

Coles Group chief executive Steven Cain has bought a prestige home in Melbourne for a near-million dollar discount on its original price guide.

The supermarket boss and his wife Claire paid $4.6 million for a house in the bayside suburb of Brighton, public records show.

The home was advertised as a grand four-bedroom residence with top quality kitchen appliances, formal lounge and dining areas, space for entertaining and a gym.

Agents for the deal were Buxton Brighton’s Stefan Whiting and Gary Yue, who would not comment when contacted by Domain.

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