Point Piper mansion sells for $55m, equal top sale of the year
The most recent deal was for the home of Retail Apparel Group co-founder Stephen Liebowitz and his wife, Pam, via Ray White Double Bay's Adam Reichman and Elliott Placks, in conjunction with Michael Pallier of Sotheby's.
The four-bedroom Wolseley Rd residence is still listed as for sale on realestate.com.au, though sources say the hush-hush deal was finalised on Friday night to a Sydney buyer.
The property was first listed in February 2024 with ambitious $65m price hopes, but, like the other $55m sale this February, the vendors had to lower their expectations to get the deal done.
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For that sale, 12 Dumaresq Rd, Rose Bay, vendors recycled shopping bag tycoon Frank Qiang Gengh and his wife Juanjuan Zhao had to accept a $20m price cut.
Agents Brad Pillinger of Pillinger and Michael Pallier of Sotheby's had initially listed that residence for $75m the previous June, though the $55m was still sufficient to nab the Rose Bay house price record.
The property was the top sale in the first quarter, as revealed by The Dyson Austen Top 10 Prestige Residential Survey.
The buyer was media baron Linge Dai.
No word yet on the buyer in Wolseley Rd, Point Piper.
At the time it was listed for the Wentworth Courier House of the Week, Reichman had described the Leslie Wilkinson-designed property known as Vaynol as having everything a Point Piper buyer would want.
'This property showcases all of Sydney's best icons in full view and offers an absolutely unmatched lifestyle,' he told Kirsten Craze.
'Created by Wilkinson, one of Australia's most well-known architects, and updated by Michael Suttor, the whole home is extraordinary with three unbelievably sized bedrooms all on the one level.'
The period property has been tightly held since the Liebowitzs bought it for $12m in 2004 from James Packer's right-hand man, Ben Tilley.
The Liebowitzs have moved to Double Bay, having paid $24.9m for an off-the-plan penthouse in the luxury Ode building.
Records show the heritage-listed Wolseley Rd residence was created in 1955 for WWI hero Colonel Leslie James Morehead for a cost of £15,555.
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