After a bumper end to 2018, when almost half a billion dollars of eastern suburbs sales were racked up in the last quarter, this year looks set to continue the multimillion-dollar trophy home trend.
Two of the first prestige listings for 2019 are being marketed through Sydney Sotheby’s International and include a $18 million award-winning Point Piper pile as well as a “just under” $15 million Bondi Beach penthouse in the high profile Pacific Bondi building.
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The designer Point Piper home at 6 Wyuna Rd, which is listed with Sotheby’s principal Michael Pallier, won the prestigious Robin Boyd Architecture Award in 2004.
The sleek S-shaped residence was built in the early 2000s and earned the acclaimed architecture gong for the Durbach Block Jaggers firm in 2004. It was also celebrated in the book 100 More of the World’s Best Houses, a sequel to Robyn Beaver’s popular book Top 100 Houses From Down Under.
According to CoreLogic data, the address is owned by ex advertising boss Malcolm Spry and his wife Pamela who are looking to downsize. Mr Spry, currently CEO of Malpal Investment Group, was once a non-executive director of Bell Financial and also served as a group chief operating officer for AC Nielsen Holdings. Records show the Sprys paid $1.1 million for the north-facing block in 1986 when it was presumably home to a considerably different premises.
“It’s a stunning home in a lovely location. The owners have been there for quite some time and loved it but their children are all grown now so they’re ready to sell,” Mr Pallier said.
Known in design circles as House Spry, the three-storey Wyuna Rd home is an elaborate glass and timber structure with a central pavilion built on an elevated block to capture the enviable views of the harbour including Shark Island and Manly.
Along with his colleague James McCowan, Mr Pallier has also listed a brand new penthouse in the landmark Pacific Bondi, the $450 million redevelopment of the Swiss Grand complex.
“We thought this was a great time to go to market, just to see if there was anyone on holidays who would like to see it,” Mr Pallier said of the New Year listing.
“It’s only just been finished after having a multimillion-dollar fit out put in. It’s a beautiful beach property,” he added.
The 317sq m three-bedroom apartment at 504/180 Campbell Pde has recently been completed and features finishes by Redgen Mathieson architects.
The beachside project, which was named Developer of the Year at the Urban Taskforce’s 2016 Development Excellence Awards, hit the headlines when in 2014 one of the “Lighthouse” apartments netted developers Allen Linz of Rebel Property Group and Eduard Litver of Capit.el Group $25 million — the highest ever paid for an apartment at the time.
Mr McCowan said this new Pacific Bondi listing is highly unique, but the price guide of $14.8 million is based on the 2017 sale of a neighbouring apartment to mining magnate Gina Rinehart’s daughter Ginia.