A Hunters Hill home known to locals as the “abandoned mansion” has clocked the blue-chip suburb’s record on Sydney’s lower north shore, selling at a frenzied auction for $26.1 million to retired industrial property developer Oscar Gonzalez and his wife Maria.

The European-style mansion with gun-barrel views of the Harbour Bridge was sold by Chinese businessman Ma Kin Kwan, who purchased the property for $9.08 million in 2012.