Sydney's most expensive home for sale
GOT a spare $56.2 million burning a hole in your pocket? Then one of Australia's most expensive homes on offer could be yours.
GOT a spare $56.2 million burning a hole in your pocket? Then the most expensive house on offer in Sydney could be yours.
Despite the price tag, this ultimate Sydney trophy home is not positioned on the waterfront, but does come with breathtaking Harbour views and "every conceivable luxury'' including marble floors, a cool room, butler's pantry, heated pool, cellar, gym, sauna, his and her ensuites and staff quarters for the maid and the nanny.
The house also has five bedrooms and six bathrooms spread across the three-level, 900sq m European-style villa.
The Wolseley Rd property, called Mandalay, is currently owned by William Webb, a former tobacco company CEO, and his wife Marijke, who purchased the home in 2004 for $20 million.
High-profile businessman Kerry Manolas and his family were among the previous owners.
The Webbs are believed to be holding back on advertising the sale within Australia because a family member is ill, but will consider any offers from interested buyers.
The home is priced at roughly $1.1 million more than Altona, another Point Piper pile owned by former publisher Deke Miskin and his wife Eve, which has been on the market for more than two years.
Mandalay is quietly being advertised on the international prestige property market alongside other mansions in Beverly Hills, New York, Paris and the Bahamas. It's even expensive by international standards - $56.2 million could buy you a Hollywood estate with cash to spare for a holiday villa in Europe.
L.J. Hooker Double Bay agent Bill Malouf, one of four agents handling the sale of Altona, said there were plenty of Australian buyers interested in homes in the $50-plus million range.
"The right person will come along,'' he said.
"Around 80 per cent of the deals are being done within Australia.''
"I don't think our market is expensive compared to other parts of the world where homes are sold for prices in excess of $100 million.''
Real estate agent Kevin Whelan, of Coldwell Banker Double Bay, is handling the sale of Mandalay and said the property would likely be snapped up by a wealthy foreigner, with many Chinese millionaires on the look-out for a holiday house.
"People are looking for that view of the Harbour Bridge and they're willing to pay for it,'' Mr Whelan said.
"This is a good time of the year for us because a lot of expats visit Australia and also the Chinese come down for our Christmas and their New Year time in January,'' he said.
"We find our increase of inquiries (for prestige property) lifts up. That market gets quite interesting over summer.''