The Sell: Andrew Bogut returns to Sydney with $14.8m coastal trophy home purchase
NBA legend Andrew Bogut has splashed $14.8 million on a four-storey South Coogee trophy home featuring high ceilings designed for the seven-foot champion.
NBA legend Andrew Bogut and his wife Jessica have spent $14.8m on a coastal South Coogee trophy home.
The four-storey home, with lift, had been on and off the market since September last year before selling through local agent Josh Ellison.
It had been initially listed with other agents with an overly ambitious $18m guide.
It is just along from the controversial $16.85m home of Finder co-founder Fred Schebesta, who has reportedly agreed to suspend corporate parties at his so-called Crypto Castle home after neighbourhood complaints.
The Boguts’ six-bedroom, seven-bathroom residence is wrapped in a series of oceanfront terraces. There are high ceilings for the 213cm (seven-foot) champion.
The house is centred around an internal courtyard with a pond on its 835sq m double block.
It features an outdoor kitchen with pizza oven, infinity edge pool and sauna. It also boasts a self-contained apartment.
The recent Bogut cash settlement comes on the heels of the couple’s move to Sydney, where the NBA Hall of Famer has taken up an NBL assistant coaching role at the Kings.
“Being away from the game for five years, the itch to get back on the court was growing stronger with time,” Bogut said in pre-season.
Their move was preceded by several property sales, including $4m sale at Zara Springs in the NSW Tweed, where they sold a rural estate with a manuka honey plantation. It was at the same price they paid in 2023.
The couple have also sold their six-bedroom, five-bathroom Jared Poole-designed Mudgeeraba property through the Kollosche agency, having paid $6.45m in 2021, with the price yet to emerge on settlement records. It had a newly-built half-size basketball court with fencing and lighting.
The Boguts’ Currumbin house, also in South East Queensland, secured $7.13m in June.
The Paul Uhlmann-designed home overlooking the estuary had cost $4.45m in 2021.
They have yet to sell their Canungra property for its desired $2.5m-plus.
Bogut, 41, holds a 10 per cent stake in the Sydney Kings, who have won eight of their 15 games so far this season, sitting fourth.
Raised in Melbourne’s outer southeast, Bogut is one of Australia’s most decorated basketballers since being the top pick in the 2005 NBA draft when selected by the Milwaukee Bucks.
It was in 2021, having announced his playing days were over at the Kings, that the couple departed Sydney, and their inner-west Concord abode for their tree and sea-change.
The Concord house, with high ceilings, sold in 2021 for $4.1m.
They had bought the six-bedroom brick bungalow with extension in 2018 for $3.5m when he signed a two-year deal to play for the Kings.
DACK TO THE FUTURE AS SUPER AGENT EYES RETURN
James Dack, who pioneered the emergence of super agents in real estate, seems set to return to the industry next year.
By his side could be his 19-year-old son Riley, who secured his sales accreditation last month.
The whisper is Dack Sr might be involved in the pending listing of the $60m penthouse in the Ruby, Double Bay Fortis development.
The Bay St residence will have 1100sq m space, including 550sq m of internal living with 3m vaulted ceilings, a cellar, wellness retreat, north-facing landscaped terraces by Wyer & Co, and six-car garaging with direct lift access.
In 2014, Dack stunned the industry by quitting the McGrath agency where he had been the top salesperson for 19 years. He was to later tell journalist Jana Wendt he had even burnt his business suits in a symbolic cremation of the life left behind. Rumours about the deteriorating relationship between Dack and John McGrath occurred as McGrath advanced plans for an ASX float, which did not go according to plan because after launching in 2015 at $2.10, its shares struggled and the company eventually delisted at 59.5c in 2024. Dack, who was raised in Woolloomooloo housing commission, was Australia’s most successful agent through the 1990s.
By 2001, with six offices, the McGrath network was turning over $1bn annually.
These days it is individual agents across Sydney’s east who are pursuing these stellar $1bn annual tallies. Alexander Phillips, who has been Sydney’s top agent for 10 years, led the way with his $1.07bn sales tally in 2021 at PPD Real Estate.
His tally was sitting at $943m after the recent financial year, according to his social media, and since returning from his July overseas holiday, his team secured $126m in August sales, $124m in September, $107m in October and $110m in November. Maybe, maybe not quite $1bn in 2025.
Phillips Pantzer Donnelley, launched in 2013, has 16 sales teams that have just ticked over $2bn in sales this year. The word is PPD will open at Bondi Beach next year, with Ron Bauer quitting Ray White for the PPD branding.
CHIMES ARE A-CHANGIN’ AS LONE HOLDOUT OWNER FACES 2026 EVICTION
A writ was issued this month authorising entry by the Sheriff of NSW to take possession of the studio apartment of Anastasia Moesses in Potts Point complex The Chimes.
It likely triggers the unseemly aspect of the strata renewal laws into practice next year.
Her pending dislocation comes amid the plans to redevelop the 1960s Macleay St complex. Property developer Time & Place first targeted the property in 2020.
Owner-occupier Moesses, who has been the lone holdout owner defying Time & Place and its financier, James Packer’s NPACT Point Investments, paid $44,000 in 1982. Mitchell Griffiths, of Rapsey Griffiths, was appointed by the NSW Land and Environment Court Justice Sarah Pritchard’s ex parte ruling as trustee for the $1.4m compulsory acquisition of her apartment in June.
Last month, Griffiths secured judgment ordering Moesses to surrender possession and pay $3819 in fees. This month Moesses was ordered to pay a further $1113.
The costs will be deducted from the $1.4m court-ordered sale price.
Moesses, who had once been offered $1.6m by the developer, has never agreed to the dislodgement deal.
Griffiths continues to try to negotiate the voluntary vacation of the property with Moesses, failing which possession will be obtained through the Sheriff in the new year.
NSW’s only previous compulsory strata transfer by trustee was for short-term accommodation premises in Haymarket that did not involve an occupant losing possession.
The acquisition of the 80 studios and 27 car spaces in the 1964 brutalist block has so far seen $100m-plus acquisition costs.
The developer is seeking a 13-storey mixed-use project envelope, with generous affordable housing and design excellence incentives through NSW Planning’s development process.
The Sell, which has long maintained a neighbourly eye over the unfolding circumstances, previously reported Moesses had lodged one of the 194 submissions to NSW Planning objecting to the project. Only four were in support.
Moesses made an emotional public submission. “These people continue badgering me to vacate my home of over 40 years because, according to them, I’m no longer the proprietor of my own home,” she said.
“They are kicking me out on the streets as homeless.
“The reason for which they want to destroy me is because I refused to sell under their dictatorial rules.”
PREMIUM SUMMER SELLING IS RED-HOT
A wave of fresh summer prestige listings has hit the Sydney market in the hope of attracting buying interest while expatriates are here over the holiday break.
Terrasse, the six-bedroom, six-bathroom Forest Way, Belrose home of cattle baron billionaires Luciana Ravazzotti and her husband Pierre Langenhoven, is a recent listing that sits on the Forbes Global website.
Ravazzotti, the daughter of one of South Africa’s richest men, and Langenhoven set the suburb record in 2020, when buying the 9525sq m estate from former Coca-Cola Amatil chief Dean Wills for $8m.
Topping the list is the Kutti Beach, Vaucluse offering of former Macquarie executive and co-founder at FitzWalter Capital, Ben Brazil, and his partner, Diana Saw.
They bought for $16.1m in 2007.
The house was designed by Woodward Architects, with costs estimated as $4,223,000. The 11th-hour listings come as some price “softness” is emerging for premium estates, according to the valuers, Herron Todd White.
Days on market for prestige properties increased in 2025, sale volumes have been lower than peak periods, and price growth has moderated compared to the post-Covid boom.
Sydney’s latest prestige sale was audio equipment billionaire Peter Freedman selling his Regency Revival-style Potts Point marine villa, Jenner House. Its $30m guide matched his $30.35m purchase price in 2023. The buyer is likely to undertake its $10.7m restoration.
BANKRUPT’S PROPERTY’S $11.62M SALE
The Rose Bay investment home of the family of bankrupt hospitality entrepreneur Jon Adgemis has new owners. The offering came down from listing websites in October, amid continued intrigue after nearly two months on the market.
It has been bought for $11.62m by Adrian Sicari, the construction industry player, and his brother Alessandro with Zagga funding.
Adrian, the Ultra Building Co boss, has more than 25 years of construction experience with Mirvac, Built and Toga Group.
The house was listed this week as a $4500-a-week rental.
The 556sq m corner property, which had been occupied by Adgemis family members, has zoning for an apartment complex up to six levels.
There had been no public guidance issued on for the six-bedroom, five-bathroom house bought by the embattled Public Hospitality Group founder and his mother Rose for $4.45m in 2018.
A repossession notice was posted at the Conway Ave home in July.
There were two registered mortgages on the Rose Bay title along with nine caveats, mostly from hospitality-trade creditors that related only to the half-interest held by the former KPMG deal-maker, not his mother.
The mortgagee sale will make only a small dent on Jon Adgemis’s debts that sit at more than $1.8bn.
LATEST ABODE IS A CUT ABOVE
Hairdresser Philippe Xavier and his wife Valda and have paid $12.5m for the Hampden, Mosman penthouse recently offered by Abadeen.
The triplex was built by Reform Projects with views over Middle Harbour to a design by architect Mathieson.
The couple sold their nearby five-bedroom, four-bathroom, 2000-built Alex Popov-designed Esther Rd home last month after listing it with $20m hopes early last year.
WHARE TAU SOLD AT LAST
Whare Tau, the 1903 Exeter home on 3.8ha has been sold after more than a year on the market.
Offered by the Smith family with an initial $5.5m guide, the Federation Queen Anne residence has been bought by Will and Zosia Ericksson for $4.25m. It last sold at $1,075,000 in 1995.
Its owners have included Irene Hope Meek, the daughter of Sir Joseph Meek, a chairman of Lever & Kitchen.
CHIEF SCORES A WINNING POINT
Matthew Ramaley, the Ingham Property Group boss, has paid $6.9m for the Potts Point apartment of buyers’ agent Simon Cohen, who’s off to a Paddington terrace.
The Ikon apartment had undergone a $1.85m remake since its $5.125m sale in 2021.
In September last year local agent Jason Boon gave a $8.5m to $9m price guide.
His earlier Gazebo, Elizabeth Bay unit fetched $1.9m last year.
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Originally published as The Sell: Andrew Bogut returns to Sydney with $14.8m coastal trophy home purchase
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