The five-bedroom home has been rebuilt into a contemporary coastal retreat,and could be a lucrative investment for the new owner.
The five-bedroom house has been renovated into a modern coastal home since the family bought it for $2.19 million.
The 60-something developer has done well for himself,delivering 1600 apartments and buying a $5m home set to quadruple in price.
It’s a new suburb record after an over-the-fence deal and will take the new owners’ landholding to one of the largest in the area.
The acreage has creeks,dams,waterfalls and coastal rainforest,plus a beautiful weatherboard family home and guest cottage.
The rare double land holding in exclusive Watsons Bay is moments from the water and measures up to more than 1300 square metres.
What do you get when a former head of real estate investment banking and a deputy mayor renovate a heritage-listed home in a prestigious street?
The trophy home – newly built after the vendor purchased the property in 2017 for $8,625,000 – blends Mediterranean elegance with modern luxuries.
The trophy home is set to change hands with a price guide of $50 million. It last fetched $39 million in late 2023.
The sun-soaked property with ocean views from every room has access to a personal valet and concierge service.