elaine estate point piper address

I am delighted it is being purchased in one line by an Australian family,” John Breher Fairfax said exclusively to Domain. The main residence is protected by council due its “special significance”, but is approved for significant remodelling. In 2014 he was one of two agents who sold the Point Piper trophy home Villa del Mare for $39 million.

In 2014 he was one of two agents who sold the Point Piper trophy home Villa del Mare for $39 million. Last year the co-founder of takeaway delivery website Menulog, Leon Kamenev, set a different record when he spent just under $80 million on four properties in Vaucluse, making it Australia’s most expensive property amalgamation. Whether you’re planning on living at that address, or intend to rent or buy from the owner, you can find out more information about your next-door neighbors, current or pending! If you had to ask me, (I am not a qualified real estate agent, just someone who is interested in property hehe), well you cannot afford it unless one has got $40-50 million+. The Fairfax family's Point Piper estate Elaine is set to be carved up and redeveloped into four separate properties. Prestige agents have long speculated on the property’s worth, with one high-end agency director saying soon after it hit the market that he would run naked down New South Head Road if it sold for more than $55 million.

The estimated stamp duty on a $70 million house is $4.84 million. Scott Farquhar, founder of Atlassian. The sale brings an end to 126 years of continuous family ownership. Menulog founder Leon Kamenev bought four houses in Vaucluse for just less than $80 million last year.This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. However, it has been reported that he knocked back a number of offers higher than the $75 million offer received from Farquhar, because the prospective buyer's intention was to split up the site.Farquhar intends to preserve the site as a single block.The previous highest price paid for an Australian home was $70 million paid for James Packer's Vaucluse home. In Point Piper alone, a typical mansion would set one back $20 million.

Both Fairwater estate (left) and former Fairfax property Elaine (right) sit comfortably on the beach in Point Piper. The Fairfax family have sold their Point Piper estate Elaine, setting a national house price record of more than $70 million.The vast 6986-square-metre estate on Seven Shillings Beach was bought by a local family who are expected to keep it as a single, private estate.Exclusive listing agent Ken Jacobs, of Christie’s International, was unable to reveal the sale price or buyer details, but was asking $75 million before it sold late on Friday.The previous house record was set at $70 million in 2015 when Mr Jacobs sold the Vaucluse mansion La Mer on behalf of James and Erica Packer to Chinese-Australian businessman Chau Chak Wing.“This is an emotional day. In 1936 ownership was transferred to Sir Vincent Fairfax and Lady (Nancy) Fairfax for £19,000, and their son John Brehmer Fairfax bought the bulk of the estate in 1989 for $3 million. Packer’s Vaucluse mansion set a national high in 2015 when it sold for $70 million, and last year Jacobs sold another Point Piper landmark, Altona, for $61.8 million to the Huang family, from China’s paper manufacturing company Shantou Dongfeng Printing.​The Fairfax family have sold their Point Piper estate Elaine, setting a national house price record of more than $70 million. 'Elaine' is owned by John Brehmer Fairfax, and the home has been in his family for 126 years.

There were at least two parties vying for the Point Piper residence before it sold, ending a three-year sales campaign for what is widely regarded as one of the most significant properties in Australia. Those DA-approved plans also heralded the first official price guides on each proposed property with a total price tag of $75 million to $80 million. “People who go past from their boats or walk along the beach look up here and see something that evokes an older, rather special Sydney that survives. Elaine, New South Head Road, Point Piper. Point Piper waterfront estate, 'Elaine', has been sold to Atlassian founder Scott Farquhar for around $75 million, the highest price ever paid for a single Australian home.It seems fitting that Australia's most expensive home has changed hands from a newspaper family, the Fairfaxes, to an IT entrepreneur, Scott Farquhar.Farquhar, who has been living in a two-bedroom Pyrmont apartment up until now, founded the global technology company Atlassian with Mike Cannon-Brookes in 2002. Point Piper waterfront estate, 'Elaine', has been sold to Atlassian founder Scott Farquhar for around $75 million, the highest price ever paid for a single Australian home. After it officially hit the market in 2014 the sales campaign was stifled by concerns from within Woollahra Council of potential over-development of the site, particularly in light of a previous council subdivision into six lots. Prestige values have risen dramatically in the years since then.The estate next door, Fairwater, is owned by Lady Mary Fairfax, who has promised to bequeath it to the people of NSW, which will leave Elaine as the largest, privately held harbourfront estate.The sale marks the fourth year in a row that Jacobs has topped national house price records. Packer’s Vaucluse mansion set a national high in 2015 when it sold for $70 million, and last year Jacobs sold another Point Piper landmark, Altona, for $61.8 million to the Huang family, from China’s paper manufacturing company Shantou Dongfeng Printing.​https://nnimgt-a.akamaihd.net/transform/v1/crop/frm/iKQx4aiD4Q7fvCgDvFeGgz/2d9f5816-f8f8-4035-8be5-009dee9766b6.jpg/r3_0_1496_844_w1200_h678_fmax.jpg And I think these sorts of properties are extraordinarily rare – this one of the rarest.”Prestige agents have long speculated on the property’s worth, with one high-end agency director saying soon after it hit the market that he would run naked down New South Head Road if it sold for more than $55 million. “This is an emotional day. The sale marks the fourth year in a row that Jacobs has topped national house price records. The vast 6986-square-metre estate on Seven Shillings Beach was bought by a local family who are expected to keep it as a single, private estate.

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