Property investor sells rare double land holding for circa $22.7m
Property investor Jason Camuglia has sold his rare double land holding in Watsons Bay moments from the water to the tune of at least $22.7 million.
The two adjacent properties totalled more than 1300 square metres, which he bought over three years for $18.78 million.
Fast-forward to 2025, and Camuglia has made at least a 21 per cent increase on the price of his two properties.
He sold the second half of his dual offering earlier this week for its last price guide of $7 million to $7.5 million.
Not bad given Camuglia only purchased the fisherman's cottage for $6.4 million in April last year from film editor, Sara Bennett, who is known for Gallagher's Travels (1987), Summer of Secrets (1976) and Summerfield (1977). The first drama she assisted on was Skippy in 1969.
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The picturesque three-bedroom, three-bathroom weatherboard had an approved development application for a car space.
Earlier this month, Camuglia sold the first half of the two homes to Ariel Hendler, grandson of Australia's second-richest person, billionaire real estate mogul Harry Triguboff.
Hendler, who is the director of asset management of his grandfather's company, purchased the unrenovated Watsons Bay house for $15.7 million in cash, settlement records revealed last week.
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