356 Edgecliff Rd, Woollahra sold at auction for $8.1 million.
A historic home in Woollahra described in the listing as “reborn” due to a recent renovation has sold at auction for $8.1 million.
The price for the five-bedroom house on Edgecliff Rd was understood to be the highest paid at auction in the country this week.
Three buyers registered for the auction with The Agency’s Ben Collier and auctioneer Damien Cooley received an opening bid of $7.7 million.
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Mr Collier said the house was popular because it offered a mix of contemporary styling and period features.
The home was given a modern update.
The neo-Georgian style house included a 500-bottle wine cellar and smart technology.
The sellers had also built a double-garage which made the property more accessible.
The property had lost sold in 2017 for $5 million, sales records showed. Mr Collier said all the registered parties lived locally.
The property was well-presented throughout.
The property pictured when it last sold in 2017.
Other auctions across Sydney’s east included the sale of a three-bedroom house in Matraville held by the same family for close to 60 years.
Emotions ran high at the Australia St auction, with selling agent Nick Papas of Century 21-Maroubra getting interest from three registered bidders.
Auctioneer Damien Cooley received an opening bid of $7.7m for the Woollahra home.
Six prospective buyers had requested contracts of sale and close to 50 groups inspected the property in the lead up to the auction. Most of the interest was from young families hoping to capitalise on the 627sqm block, Mr Papas said.
“It was an emotional purchase for the family who bought it,” Mr Papas said.
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