Cremorne home with huge price tag is for sale

Cremorne home with huge price tag is for sale

After a slow start to the year, the lower north shore’s prestige listings are finally starting to roll in.

This latest is a five-bedroom waterfront home in Cremorne, with a $15.5 million-$16.5 million guide.

Records show that the property belongs to retired Macquarie executive John Rendle and his wife Carolyn.

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The listing is the most expensive property to hit the market so far this year on the lower north shore.

It follows a bumper 2018 for the Cremorne market, which saw its suburb record smashed, when landscape builder Anthony Tisch and wife Wendy sold their home for $18.8 million in May.

Last year was also the strongest year ever for the lower north shore prestige market, with 20 properties selling above $10 million mark. It set the scene for an interesting 2019, and the launch of the Rendles’ property will be a strong benchmark for the year ahead.

On the market with LJ Hooker Avnu’s Michael Coombs and John Melville, the four-level house is for sale by private treaty.

Mr Coombs said the two main buyer groups so far have been families and expats.

“These are families who appreciate the location of the home and what it has to offer,” he said.

The home is on 854sqm and has several entertainment spaces and a deepwater jetty. Other features include pool, stone kitchen, climate-controlled cellar, internal lift, ducted airconditioning and plenty of storage on each level.

Mr Coombs said the property is probably the best positioned waterfront home in Cremorne.

“Not many like this come up for sale. Unlike other homes in the area, you can walkout from the bottom level and have the water right there,” he said.

The property is located next door to businessman and founder of Vocus Communications, James Spenceley. Mr Spenceley moved into the property last year, after paying $12.5 million, following the sale of his Mosman home.

This Cremorne property last traded in 2007 for $9.55 million, according to CoreLogic data.


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