98 Victoria Rd, Bellevue Hill sold for “well over $21m, sources confirmed to the Wentworth Courier, which has returned to the streets of Sydney’s eastern suburbs today.
The COVID-19 pandemic is shaping up as one of the greatest challenges the world has ever faced.
But some well-heeled residents of Sydney’s east are emerging as winners, at least when it comes to their property dealings.
Among those to have sold amid the acute shortage of grand mansions for sale in Sydney’s east is the businessman and one time owner of the bedding chain Sleeping Giant, Fred Bart.
He sold his six-bedroom Art Deco mansion — with pool and tennis court — in V
ictoria Rd, Bellevue Hill, for “well over” $21 million last week, sources said.
And other sources this morning have confirmed to the Wentworth Courier that the buyer was property developer Willi Phillips.
MORE:
Bondi Junction home attracts 20 bidders
Dentist extracts bargain on $20m house
It comes with a huge resort-style pool.
The Victoria Rd mansion is on a massive 2415 block.
When contacted this morning, the listing agent, LJ Hooker Double Bay supremo Bill Malouf, gave a firm “no comment“ in regards to either the sale or the purchaser.
In an earlier conversation — for the relaunch issue of the Wentworth Courier which hits the streets of Sydney’s eastern suburbs today — Malouf said: “Both ends of the market seem to be working very well, with some good sales in the $1m, $2m and $3m range and even at the top level.
“I still believe the market will hold because there’s no stock out there and not much coming.”
Malouf is already back in big listings mode, launching the Point Piper penthouse-style home of former lord mayor Nelson Meers and his wife, Carole, with a guide in the “high teen” [millions].
The North Bondi home of White City Tennis Courts manager and coach Steve Loeffler, pictured with his wife Lucy and daughter Olivia, goes to auction on Saturday. Picture: John Appleyard.
The Loeffler home at 20 Gould St, North Bondi, has a guide of more than $2.3m.
Meanwhile, Pillinger principal Brad Pillinger, who achieved the highest deal of the pandemic when he sold a $30m property in June, said: “The top end of the market is extremely strong.”
More affordable standout homes are also doing extremely well, as shown by an original gem in Bondi Junction attracting 20 registered bidders and selling for $3,125,000 — $625,000 above reserve — at a hotly contested auction last Wednesday.
The four-bedroom, two-bathroom circa 1910 Federation Queen Anne-style home on a 405 sqm block at 2 Birrell St had been the home of the late Mavis and Les Coutinho for 50 years.
“It went through the roof,” said Raine and Horne Bondi Beach’s Hannan Bouskila.
The improving market is great news for White City Tennis Courts manager and coach Steve Loeffler and his wife, Lucy, who with their second child on the way, have their three-bedroom semi at 20 Gould Street North Bondi for auction with a $2.3m guide this Saturday with Ray White Unlimited’s Ron Bauer.
Kyle Sandilands and Jackie O.
Jackie O bought a beautiful home in Woollahra for $11m after selling her Vaucluse property for a big price.
“Our daughter, Olivia, is one and a half and tearing around so we need more space,” Loeffler said.
There have been many other winners, too. Superstar radio host, Jackie O, sold her beautiful Cambridge Ave Vaucluse home for an impressive $6,675,000 on March 27 — well above the $6.5m Ray White TRG principal Gavin Rubinstein had been quoting.
And she bought an incredible Nick Tobias-designed home in Edward Street, Woollahra, for $11 million on June 22. The Agency’s Ben Collier had it on the market for just three days.
Last Friday, Jackie O appeared in a promo video for Ray White TRG, confirming Rubinstein acted as her buyer’s agent and that he helped her find “the house” adding “we got it done like that!”.
Alexander and Leah Bischoff are other property winners.
They sold their grand home at 41 The Crescent, Vaucluse, for about $8m and buying a renovator’s delight with harbour views for about $6m — all on the same day.
Other top agents have been achieving some big sales weeks in recent times.
Ray White TRG duo Oliver Lavers and Rubinstein have had close to $20m worth of sales during the past week.
The Agency’s Collier, too, had some big wins — including smashing the Surry Hills price record when Atlassian’s Nick Menere and his partner, Carli Dixon, paid $11.5m in Albion St in May.
Ray White Double Bay’s Warren Ginsberg and his team have also been smashing it, selling $21.3m worth of property in Vaucluse alone over the past two weeks, including Westpac’s global funding chief Alexander Bischoff and his wife, Leah, selling their ‘contemporary masterpiece’ for about $8 million and buying a ‘renovator’s delight’ with harbour views for about $6m nearby — all on the same day.
The post Sydney’s well-heeled riding high with buyer of Fred Bart’s $21m mansion revealed appeared first on realestate.com.au.