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Almost a century after the landmark mansion Villa Florida was built on the Rose Bay waterfront a DA has been lodged to demolish it and replace it with a new $18.6 million house.
The DA was lodged this week by owner Jim Angelis, the founder and chief executive of Australia’s largest privately owned insurance broker, Coverforce, who joined the ranks of Sydney’s trophy home owners late last year when he purchased the property for $45 million.
A DA has been lodged to demolish the 22-room mansion to build a new house at a cost of $18.6 million.Credit:
There are no heritage orders over the house, but if approved the total cost of about $67 million would make it among the country’s most expensive houses given the estimated building costs and $3 million in stamp duty on the purchase.
It was most famously owned in the late 1980s by Barry Humphries, who described it as one of the most special houses on Sydney Harbour.
“The classic Californian Spanish look – which goes so well with the lush waterfront foliage – is all too rare,” Humphries told The Sydney Morning Herald in 1991, no doubt inspired by his selling plans at the time.
Barry Humphries owned the landmark mansion from 1986 to 1991.Credit:Quentin Jones
“I always think these places are lent to one,” he added. “I’ll be here in Sydney for only another four weeks this year, and it’s a pity to maintain such a large property.”
Six months later the seven-bedroom, nine-bathroom mansion on 1300 square metres sold for $2.52 million, making the legendary Australian performer a capital gain of $770,000 for the five years he was “lent” it.
Built in 1928 for grazier Harold Coffill and his wife Nellie, Villa Florida remained in family ownership until 1976.
In the late 1990s the 22-room mansion was renovated by architect Michael Suttor when owned by mining industry businessman Jack Horseman, the latter of whom sold it in 2000 for $9 million.
Veteran stockbroker Brent Potts and his wife Pauline were the previous owners until they sold it last year for $45 million – five times what they paid for it in 2000 – making it the highest house sale of the year alongside the Rosemont estate in Woollahra.
The DA to demolish it to make way for a new dwelling with a pool and associated site works was lodged this week, but details on the new house remain unavailable until late this month.
Scott Charlton, the silver fox chief executive of Sydney’s largest toll road operator, Transurban, has secretly offloaded his waterfront Castlecrag home for a suburb high of $23.5 million, and in a simultaneous settlement popped up on Mosman’s high-end title records.
Charlton’s newly purchased Mosman digs is a five-bedroom house on a waterfront reserve at Clifton Gardens, for which he paid $15.5 million with his partner Amanda Street, the former Transurban company secretary who until recently was company secretary at Afterpay.
Transurban chief Scott Charlton has set a $23.5 million record in Castlecrag and bought this Clifton Garden home that overlooks Chowder Bay.Credit:
The couple’s Clifton Gardens purchase, through Simeon Partners’ Richard Simeon, shows how well Mosman’s values rallied after a brief market shock in early 2020, when the house next door sold for $8 million to tech entrepreneur Nick Cloete.
Charlton’s Castlecrag sale smashes the suburb high by more than $10 million, last set in 2015 when former Tenix chairman Paul Salteri sold the Penhallow estate for $12.8 million, and ends almost 20 years ownership since it last traded for $4.525 million when sold by BCI Media founder and chairman Matthias Krups.
The keys have been handed to Castlecrag local Sara Mohseni, whose purchase price will make a good benchmark if billionaire TPG Telecom founder David Teoh, who lives next door, ever decides to sell the family home.
The Vaucluse home of former NAB chief executive and Rugby Australia chairman Cameron Clyne and his wife Melinda was slipped on to the market on Friday.
This is the five-bedroom house purchased in his wife Melinda’s name in 2008 for $6.15 million when Clyne took up the job as the bank boss, then aged just 40.
The Vaucluse home of former NAB chief and Rugby Australia chairman Cameron Clyne and Melinda Clyne last traded in early 2008 for $6.15 million.Credit:
Raine & Horne’s Albert Sassoon has landed the listing, coming soon after he sold the nearby designer residence of cricketer Steve Smith and his partner Dani Willis for $12.38 million.
Bronte’s Victorian Italianate manor, Wycombe, owned by Kate Smith, wife of Travelogic founder and former owner Craig Smith, goes to auction on September 17.
The Victorian Italianate manor of Craig and Kate Smith goes to auction on September 17.Credit:
Buyers have been given a guide of $11.5 million by PPD’s Alexander Phillips for the 1880s-built mansion, billed as a “rare survivor of boom-style architecture” and a contemporary renovation complete with a pool, fire pit and sunken trampoline.
The couple purchased it a decade ago, paying $5.6 million, but are reportedly downsizing to a $17 million penthouse in Danny Avidan’s Kalypso development in Tamarama.
The couple’s former home in Tamarama was sold a year ago for $14.3 million to Citi’s London markets head Marcus Satha, and late last year they bought a Whale Beach house for $9 million.
Restaurateur Marc Polese, owner of the legendary Sydney institution Beppi’s, founded by his dad Beppi in 1956, has listed a terrace in Woollahra for a September 7 auction.
This Woollahra terrace with a six-metre frontage is owned by Marc Polese.Credit:
The four-bedroom Victorian house with a six-metre frontage has been held by a family trust since 1979, when it was bought by Polese’s late grandparents Angelo and Teresa Zaccaria for $160,000 from Marrickville publican Bruce Armstrong.
Polese is undertaking a major rebuild of his Vaucluse home, originally purchased by his parents in 1985 for $800,000, and which in 2019 scored council approval for a $6 million knock-down-rebuild to a Tzannes architectural design.
Michael Dunn, of Richardson & Wrench Double Bay, has a $5.7 million guide on the Woollahra terrace.
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