Margie Blok August 18, 2012
A fine figure ... Helen Maneas paid a Clovelly residential record $7.7 million for this Eastbourne Avenue property.
Domain has tracked down what's happening at the top end of the property market this week.
A $7.7 million sale has smashed the residential price record in the fashionable coastal suburb of Clovelly. The Eastbourne Avenue residence was purchased by Helen Maneas, the wife of Peter Maneas, the chief executive of construction group Ganellen, through Pauline Goodyer, a principal of GoodyerDonnelley Real Estate.
Records lodged with the Department of Lands, Land and Property Information Division reveal the deal was done just before Easter and that settlement took place two weeks ago. The house was sold by New York-based Bob Easton, who paid $3.2 million for the property in November 2002.
Easton demolished the existing house and built the lavish six-bedroom, five-bathroom residence with custom-fitted interiors, including a glass lift to each of its four levels. Directly opposite parklands on the northern shore of Clovelly beach, the property has a large back garden with a cabana, built-in gas barbecue and a heated swimming pool with swim jets.
At street level is a secure three-car garage where Peter could keep the Lamborghini and the Ferrari that Title Deeds spotted in the garage of his previous house at Coogee, which sold in late May for $2.25 million through Daniel Baran of BHR Real Estate.
Clovelly's previous record was $4,212,500 for a four-bedroom Knox Street house that sold in June last year.
The chief executive of Cover-More Insurance, Shane Smyth, sold his Mosman waterfront property this week for the second-highest price in the suburb this year. The sale of the Shellbank Avenue property is the second waterfront sale within a week for Richardson & Wrench Mosman agents Richard Simeon and Mark Manners.
Last week the agents negotiated the $10.1 million sale of another Shellbank Avenue property, which was sold by the Tjen family to a West Australian mining executive. The price details of the latest sale have not been disclosed, but the agents confirmed it was a record for the street.
Shellbank Avenue's previous record was $11 million for a property bought in 2005 by Robert Ell, the eldest son of property developer Bob Ell. Last traded for $9.2 million in May 2007, Smyth's property had been listed with hopes of more than $14 million when the house was under construction in 2009.
Completed 18 months ago, it has seven bedrooms, seven bathrooms, four living areas, three kitchens, two lifts and a self-contained apartment. It also has a pool and deep-waterfront boating facilities.
Smyth, who resides at a waterfront residence in Woolwich on the Hunters Hill peninsula, has not lived at the house. This year's Mosman price record is $20 million for a Bay Street property sold in January by car dealer Laurie Sutton to Ying Li.
At Darling Point, a residence owned by restaurateurs Angela Ioannides-Potts and Michael Potts - owners of city establishments Bambini Trust and Bambini Wine Room - hit the market this week.
With an asking price of about $7.5 million and listed through Laing+Simmons Double Bay agent Sally Hampshire, the two-storey house is on a 645-square-metre Etham Avenue block with level lawns and a pool.
With superb interiors reminiscent of grand houses in The Hamptons, the house has been renovated extensively by the couple since it last traded for $5 million in April 2008.
This Etham Avenue listing follows the $6.9 million sale of Darling Point's Jean Colvin Cancer Centre, on the corner of Loftus Road and Annandale Street, which traded two weeks ago through McGrath agent Richard Cooper.
The unrenovated Victorian Gothic mansion was bought by orthopaedic surgeon Mark Ridhalgh, who intends to restore it for use as a private residence.