A Luigi Rosselli-designed Mosman masterpiece within walking distance of Balmoral Beach has sold within a week on the market for around $10.5 million.
The sale comes as agents report a growing level of ex-pat activity, and strong demand for prestige property.
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The classic Rosselli curvy and contemporary design at 5 Plunkett Rd, caught the attention of lots of buyers, said Scott Thornton, of The Agency – North.
They loved its modern beach resort-style feel and the location close to the sands of Balmoral.
He said he could not reveal the exact sale price.
“The home sold in proximity to its price guide of $10.5 million and it was on the market for just one week,” Mr Thornton said.
“The demand is very strong in the prestige market, not only in Mosman, but across the entire lower north shore.”
He said this was due to a combination of factors.
“Finance is at its most affordable in decades, people are viewing property as a secure investment in the current climate and the stock levels are extremely low,” he said.
“We are starting to see more expats in the market, this includes from Singapore, London, Hong Kong and interestingly from the US. Within the local market we are seeing people both upgrading and downsizing.”
Mr Thornton said he was not surprised at the level of buyer interest in the property, given it was one of Luigi Rosselli’s classic designs.
“There is always going to be appeal for a home of this calibre and location, walking distance from Balmoral Beach and the elevation captures the harbour and iconic Balmoral landscape,” he said.”
The home is set on a corner block that captures views that extend from Balmoral to Manly, and landscaping by Secret Gardens has given the home a new level of privacy and beauty.
The family friendly floorplan is extensive and versatile, encouraging an easy indoor-outdoor flow over both levels.
The home has four bedrooms plus a study, and the main bedroom has its own full bathroom and walk-in robe.
The elegant kitchen includes integrated NEFF and Liebherr appliances and a striking marble island bench that is sure to become the heart of the home.
Other features include matched limestone flooring and sandstone walls, Control4 smart home system, integrated sound system, bespoke joinery including concealed marble barista/bar area, heated pool, wine cellar, gas fireplace, concealed televisions, ducted, reverse cycle airconditioning and gas heating.
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