98 Victoria Rd, Bellevue Hill is understood to have sold for more than $21 million.
Fred Bart, who once owned the bedding chain Sleeping Giant, has sold his Bellevue Hill Art Deco mansion for more than $21 million — the biggest price achieved since the pandemic hit.
The realestate.com.au listing for the six-bedroom, seven-bathroom home with pool and tennis court on a massive 2415 sqm block at 98 Victoria Rd has disappeared, which can only mean one thing: a deal has been locked in.
LJ Hooker Double Bay supremo Bill Malouf and Margaret Morosi — who couldn’t be contacted at the time of writing — had received an offer of $21 million earlier in the campaign, which was rejected.
It’s understood the stunning home has now sold for “well over” that figure.
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The mansion comes with a tennis court.
The home sits on a massive 2415 sqm block.
When the property appeared as the Wentworth Courier House of the Week on April 3 — the last print edition before it went into recess (it’s back next week) — the LJ Hooker Double Bay supremo Bill Malouf said its listing was perfect timing.
“There’s no competition,” Malouf said.
“Where else can you find a prestige compound of this size and level of privacy in the middle of Bellevue Hill, that’s new to market — there isn’t one!”
And that was true, which is a reason that Bart has finally got his price.
CoreLogic records show that he and his wife, Cheryl, bought it 35 years ago for $1.5 million which was a lot of money way back then. It’s had a renovation since.
The huge formal dining room.
There’s a spa next to the swimming pool.
They’re selling up to move into the Wolseley Rd, Point Piper beachfront that they bought from Beatles legend Paul McCartney’s manager, Stephen Shrimpton in the mid-$30 million range through Malouf, just before Christmas last year.
Property records show that property is still in Shrimpton’s name. At the time, sources said the settlement terms were at least a year. The former CEO of EMI Music now spends half the year overseas.
The Barts’ current residence, built over three levels with an internal lift, is a rare find indeed for a family.
Grand entrance.
Impressive design.
It’s in one of the most prestigious dress-circle streets in the eastern suburbs and has all the hallmarks of its impressive Art Deco architectural heritage, with rounded corners and stylised geometric detailing.
The tennis court is a full-size one and the pool is heated and salt water. It also has a spa.
Beyond the elegant foyer, there’s a palatial dining room, billiards room, atrium,
formal lounge and casual open plan living areas.
Thanks to the northerly aspect, the interiors are full of light. Each of the huge bedrooms has its own ensuite. And there’s also a teenager or guest retreat.
Further features include the cellar, storage rooms, zoned reverse cycle a/c, back-to-base alarm plus garaging for three cars with internal access.
The post Fred Bart sells Bellevue Hill Art Deco mansion for more than $21m appeared first on realestate.com.au.