A Point Piper mansion has sold at a “discount” for $30 million
For most people a $30 million property price tag is an eye-watering amount. But a mystery buyer is smiling today in the knowledge they have saved up to $20 million.
There is no waterfront access and it doesn’t even have views of the Sydney Harbour Bridge, but a mystery buyer has still reportedly forked out a whopping $30 million for a Point Piper mansion.
But the unknown buyer seems to have got a bargain. The six-bedroom house on three titles totalling more than 2700sq m has languished on the market since February 2012.
The origin price tag for 19-21 Wentworth St was rumoured to be between $40 to $50 million — making the weekend sale a discounted one by as much as $20 million.
Elliott Placks of Ray White Double Bay has been the sole agent on the sale.
Property developer Charles Scarf, and his wife Maria, are believed to have amalgamated two blocks in the early 1990s for approximately $14.75 million.
Now the Point Piper estate includes manicured gardens including a vine-covered terrace and a full-sized tennis court and swimming pool.
The house, which is one of Sydney’s finest examples of work by celebrated architect Professor Leslie Wilkinson was modernised more recently by acclaimed architect Michael Suttor with interiors by Michael Love.
While the pricey pad overlooks the north east aspect of Sydney Harbour and Shark Island, it has no discernible glimpses of the Sydney Harbour Bridge, Opera House or the CBD skyline — normally a “must have” on any billionaire buyer’s wish list.
As the exact sale figure is still veiled in secrecy, it is as yet unknown whether the sale of 19-21 Wentworth St will break the current non-waterfront sale price in Sydney of $32.4 million, which was spent on a nearby mansion once owned by Rene Rivkin — and has now been demolished.
Inside the eastern suburbs mansion there is approximately 677sq m of internal living space which includes self-contained live-in quarters for staff, formal and informal living and dining spaces, a grand kitchen with butler’s pantry and walk-in cool room, plus all the hallmarks of a grand estate home such as an elegant reception, drawing rooms, a fully-equipped wine cellar and mod cons like surveillance security systems and parking for four cars.
The sale is second only this year to the sale of disgraced businessman Ron Medich’s Point Piper mansion at a reported $37 million in June.