Sydney FC owner Scott Barlow makes $15m profit in a year with sale of Point Piper’s Akuna for $60m

Sydney FC owner Scott Barlow and his socialite wife Alina have sold their incredible harbourfront mansion for about $60m, $15m more than they bought it for just a year ago.

20 Wolseley Rd, Point Piper has sold for about $60m.

Sydney FC owner Scott Barlow and his socialite wife Alina have sold their Point Piper mansion for about $60m, $15m more than they bought it for last April.

They only moved in last June and it’s not clear why they’re moving on but a caveat on the title for the Wosleley Rd waterfront confirms property investor Hoang Trang Do has purchased it.

Do owns a five-bedroom home in Fisher Ave, Vaucluse, bought for $16m in 2018.

Mystery has surrounded the agent behind the secret deal but sources advised late today it was Monika Tu of BlackDiamondz.

The Luxe Listings star was unavailable to comment at the time of publication.

Akuna, designed by Richard Christian and Walter Bardo and detailed by Michael Love and Thomas Hamel, is most famous for its heritage Chinese-style pagoda boathouse.

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Akuna is most famous for its heritage Chinese-style pagoda boathouse.

The lavish five-bedroom, six-bathroom residence with four-car garage and pool is on a 758 sqm block fronting Seven Shillings Beach.

Among its many attractions are the uninterrupted point-blank views across the harbour to the Bridge and Opera House.

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Akuna sells for $45m

The agent that did the deal last April was Michael Pallier of Sotheby’s, who sold it on behalf of the Big Band maestro Warren Daly and his author and fitness guru wife, Karen.

It had been on and off the market for about five years.

There’d been expectations of $48m since April 2017 but the $45m result was applauded as a great price at the time.

It was nearly six times the $7.75m purchase price the couple paid in 1997 for what had been the home of the late grocer John David.

FC Chairman Scott Barlow and his wife Alina at the Gold Dinner at Sydney Town Hall.

To have achieved about $60m in such a short period of time shows the amazing strength of Sydney’s trophy home market.

And Akuna wasn’t without its imperfections, with council records showing plans lodged in January for $1m worth of improvements.

The rare Chinese-style timber boatshed was built in the 1930s and was originally part of a neighbouring mansion, ‘Danmark’.

Danmark was owned by the prolific horse owner and breeder W.G “Knockout” Smith, but he preferred to spend his time in the boatshed, apparently because he couldn’t stand his wife.

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Harbour Bridge sunset.

Absolute watefront.

Harbour views from Akuna.

Smith was also famous for being the founder of the glassmaking giant Australian Consolidated Industries (ACI).

Danmark is now an apartment building, and when Akuna was first listed in 2017 it was on offer with a three-bedroom unit in the block. But it sold in June of that year for $4.5m to medico David Macourt.

It’s understood that another unit in Danmark that the Barlows bought six month ago for $1.3m has now been sold to Do as part of the latest deal.

In a sign of the lack of houses available in Point Piper, there have been too few sales over the past year for PropTrack to have reliable median house price data.

PropTrack puts the median apartment price for Point Piper in the past 12 months at $3.9m.

The unique Chinese-style timber boatshed.

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Originally published as Sydney FC owner Scott Barlow makes $15m profit in a year with sale of Point Piper’s Akuna for $60m