Records show $20.5 million was paid for the block after the owners banded together to sell it in one line.
Highland Property Double Bay’s William Manning had a $20 million guide when the block hit the market,nicely coinciding with the rare appearance of a sandy beach across the road at Mackenzies Bay. The beach had.
The Zimmermann brand made co-founding sisters Nicky and Simone very rich last year after a US private equity firm paid a reported $1.75 billion for a majority stake in the label.
Simone has since purchased a,and Nicky paid $59.5 million for a.
Zimmermann’s latest purchase comes as fellow Aussie fashion designerCamilla Franks has also bought locally,paying of Barrenjoey Capital partnerBen Scott and his wifePensiri.
Two clifftop houses in South Coogee have been sold for more than $18.5 million byPaul andMarion Richmond,the HPM Industries heir and owner of the Simeon Stud.
Records show the Richmond family paid $1.32 million for the first house in 1996 and bought next door a few weeks later for $1.3 million.
The sale price was not on offer by Josh Ellison,who sold it with Natalie Zulian,but he did confirm the two houses sold for more than the $18.5 million record recently set by a clifftop house long owned by the late rugby player and top golferAlan Cardy.
Meanwhile,Cardy’s son,comedian and musicianTom Cardy,of the 1.1 million-strong TikTok account,has bought a Victorian-era house in Bronte for $8.15 million through PPD’s Alexander Phillips.
Chef’s sunnyside up
High-profile chefMartin Benn and his partnerVicki Wild secured a pre-auction sale of their Gladesville home,with property portals indicating a result of $4 million.
The bungalow on Sunnyside Road had been listed with a $3.8 million guide by BresicWhitney’s Nicholas McEvoy,although the agent declined to confirm the price.
The house last traded for $2.5 million in 2015 when the couple ran the celebrated three-hatted restaurant Sepia,which closed five years ago.
Rose Bay’s bull run
LawyerChris Watson andDiane Barr-Watson have sold their Rose Bay waterfront home for about $35 million.
It was an off-market sale by McGrath’s Luke Hogan and buyer’s agent Mark Goldman,and title records reveal it was purchased by a company linked to Singapore-based forex brokerYu Li Song,who heads up TMGM Group.
Also in Rose Bay,two neighbouring houses on Ian Street have been snapped up by the Fortis property development leadership team ofCharles Mellick,Patrick Keenan andDaniel Gallen.
Raine&Horne’s Alex Lyons and Ric Serrao had a guide of $30 million to $33 million,but a local source said the price was about $40 million. Settlement will confirm the result.
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Andrew Forsyth,of the Dymocks founding family and a director of the book retailing franchise,has listed hisWalter Burley Griffin-designed house in Mosman.
The 1927-built house overlooking Taylors Bay has been renovated in the more than 20 years since Forsyth and his wifeOldrey purchased it,and it returns to the market with a $5.5 million guide ahead of a March 23 auction through Atlas’s Nick Gittoes and Anthony Godson.
At the time the Forsyths purchased the house in 2001 with the late media mogulSam Chisholm,who was their then neighbour in Palm Beach.
The Forsyth family were once among the longest-owning Palm Beach residents,having held their family cottage,Willeroon,since it was built in 1923. But in the 1990s,the retreat became a lightning rod for local heritage concerns when plans were mooted to rebuild it.
Historic council records reveal Chisholm was not a fan of such plans because it would have impinged on his views to the north,so in 1995 he applied to have the cottage forcibly acquired using ratepayer funds to be consolidated with neighbouring Wiltshire Park.
When that failed,Chisholm applied to have the house’s setback from the street extended from six metres to 48 metres,and then made two attempts to have the house heritage listed.
It was all for nothing,but the stoush was enough to make the Forsyths reconsider owning in Palm Beach. No sooner did council approve the demolition of Willeroon than the family put it up for sale.
It sold at auction in 2002 for $6.3 million to the late developerBob Rose and his widowMargaret,by which time the Forsyths had already purchased their Mosman house overlooking Taylors Bay for $3 million.