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69 Fitzwilliam Rd, Vaucluse sold for more than $50m last week.
Last week was a big week for trophy home sales and two of the biggest were by Highland Double Bay Malouf director David Malouf.
One was worth more than $50m for the Fitzwilliam Rd, Vaucluse waterfront home of Dawn Lincoln-Smith, which last traded for £19,500 in 1958 when bought by Lincoln-Smith and her late husband Paul Lincoln-Smith, the former chairman of Magnum Gold and Magnum Resources.
Done in conjunction with the Sotheby’s director, Michael Pallier, it was the fifth-largest sale of the year. Neither agent would discuss the deal.
That transaction was reported on over the weekend, but one that slipped completely under the radar was the circa $22m sale of a knockdown rebuild home at 3 Gilliver Ave, Vaucluse ahead of this Thursday’s scheduled auction
It came with DA approved plans for a new home by Stafford Architects.
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The $50m+ Fitzwilliam Rd, Vaucluse home is right on the waterfront.
It last traded for £19,500 in 1958.
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Owned Steven Scarlis, Partner and Head of Search at SP Search & Consulting, according to records, the 1980s home last traded for $6.5m in 2006.
When contacted, Malouf was tightlipped, but sources says the deal was done on Friday night and the price went well over the $20m guide to the circa $22m range.
The mega price for the rundown five-bedroom property on the 707sqm block, which has gun barrel views over Sydney Harbour, is particularly strong given that a far superior home nearby sold for not much more last week.
The grand designer home at 10 Queens Ave, Vaucluse, described as “reminiscent of a Hollywood Hills mansion”, also had panoramic views of the harbour and it went for $26m via Alexander Phillips of PPD.
That’s still considerably more than the guide $20m+ guide when it was first listed in 2020.
3 Gilliver Ave, Vaucluse sold on Friday night for circa $22m.
It came with DA approved plans for a new home on the 707sqm block to capitalise on the iconic view.
The stunning residence is owned by the chief executive of Australian Natural Therapeutics Group, Matt Cantelo, who bought it for $19,525,000 in 2018.
The two-storey home, designed by acclaimed architects X.Pace Design Group, had four bedrooms, four bathrooms and a five-car garage and was on a larger 810sqm block than the Gilliver Ave property.
Also last week, EverBlu Capita founder Adam Blumenthal and his wife Annabelle Shamir sold their Bellevue Hill trophy home to Monaco-based expats in a late-night deal for about $43m.
The six-bedroom, five-bedroom mansion at 96 Victoria Rd was listed just three weeks ago in an expressions of interest campaign with a $45m guide via Ray White Double Bay’s Ashley Bierman and Elliott Placks with Pillinger’s Brad Pillinger.
10 Queens Ave, Vaucluse is a grand designer home described as “reminiscent of a Hollywood Hills mansion”.
It also has iconic harbour views.
Independent sources say it’s now sold for about $43m, with buyer’s agent Simon Cohen representing the purchasers.
He wasn’t available to comment on their identity, but the sources advise they’re entrepreneurs Olivia Skuza and Heath Wells who will return to Australia in the New Year.
The couple are co-CEOs of e-commerce platform NuORDER.
And the Wentworth Courier also broke the news of a a Bellevue Hill designer home owned by a Westfield heir, who died in July last year, selling for about $24m — $6m less than the price guide of six months ago.
The incredible property at 22 Cranbrook Rd was listed with Ashley Bierman of Ray White Double Bay in conjunction with Michael Pallier of Sotheby’s.
And word on the street is that the deal was done at close to $24m.
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