Point Piper ’monster’ house close by $100m Fairwater for sale
A ‘monster’ Sydney home in Australia’s must-own enclave for the super wealthy is set to hit the market for a whopping $80m.
A Point Piper waterfront close by Fairwater, the mansion bought by Atlassian co-founder Mike Cannon-Brookes for $100m in 2018, is set to hit the market.
The 1524sqm property in Australia’s richest suburb in Sydney’s east, is understood to have hopes of $80m.
“It’s a monster house with at least eight bedrooms and a pool right down by the waterfront,” one source said.
Another said the house, also close by billionaire fund manager Will Vicars who bought his waterfront mansion from his mother for $3m in 2004, had been quietly listed for about six months and needs “total rebuilding”.
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The property is in the name of Lionel Warat, who, according to his obituary, died at the age of 80 last August after a long illness.
Lionel inherited the huge home from his father, Harry Warat, an immigrant who arrived in Australia with nothing.
The Warats made their fortune from collecting and selling wool as mattress flocking to big businesses, such as bedding producer AH Beard.
The prominent business commentator Alan Kohler wrote in 2013 of one of the owners of AH Beard going to Harry Warat’s Point Piper mansion as young man in the late 1970s and being “awestruck”.
The grand Fairwater mansion, which is on an 8000sqm block, broke the national house price record seven years ago when Cannon-Brookes and his then wife, Annie, bought it from the estate of the late Lady Mary Fairfax.
The mansion next door to that, Elaine, matched the current national house price record of $130m, when it sold last October.
The vendors were Cannon-Brookes’s Atlassian co-founder, Scott Farquahar and his wife, Kim Jackson, who bought UIG Lodge in Point Piper for $130m in 2022.
The buyer of Elaine is yet to be revealed.
MORE: Top sales of 2024
Originally published as Point Piper ’monster’ house close by $100m Fairwater for sale
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