Dealmaker lists Bellevue Hill home with ‘modest’ price guide of $45m

Dealmaker Adam Blumenthal and wife Annabelle Shamir are set to launch their Bellevue Hill home for $45 million, making them the latest locals hoping to cash in on the suburb’s recent bull run of trophy home sales.

Bellevue Hill’s trophy home market has been in a race up the price chain in recent years, and in no small part thanks to high-end traders like Stephanie Conley-Buhre and Leo Lynch.

The Bellevue Hill home of Adam Blumenthal and Annabelle Shamir is set to hit the market for $45 million.Credit:

Shamir made headlines in 2021 when the then 30-year-old purchased her Victoria Road home for $30 million from Conley-Buhre, the fashion designer-cum-trophy home flipper.

At the time it was a brief ownership by Conley-Buhre, who had paid $17 million three years earlier to property investor Richard Scheinberg, who was then upgrading to his $58 million Rona estate.

Adam Blumenthal recently settled a claim with ASIC after an investigation found he engaged in market rigging and breaching directors’ duties.Credit:

It all gives a brief glimpse of just how values have tracked in Bellevue Hill since 2015 when it was a big deal to set a $30.8 million record. That house, Leura, resold last year for $76 million, to Lynch, no less.

Shamir’s selling plans come as sources say the couple have been looking at to buy back in their former stomping ground Bondi Beach, where they sold in 2021 for $11,235,000 to recruitment boss Jason Johnson.

Blumenthal’s selling plans come amid a troubled time for the EverBlu Capital founder given his recent civil settlement with the corporate regulator after an investigation found he engaged in market rigging and breached directors’ duties.

The agreement struck between the Australian Securities and Investments Commission and Blumenthal amounted to an almost $1 million fine and partial financial services ban, but allows him to own a financial services business.

Among those to have done well from Bellevue Hill in recent years is flower businessman Lynch, who sold his designer digs on Kambala Road (a runner-up address if ever there was one) for $61.5 million, only to spend $76 million on nearby Leura.

Annabelle Shamir purchased the Bellevue Hill property in 2021 for $30 million.Credit:

And Conley-Buhre struck her own buy-sell sales combo of almost $130 million earlier this year when she sold her home, Alcooringa, for about $80 million (that’ll be $51,000 per square metre) to buy Monkton for $43.5 million.

Pillinger’s Brad Pillinger and Ray White Double Bay’s Ashley Bierman are set to launch Shamir’s 1440-square-metre property after the holidays end this weekend, translating to a $31,000 per square metre.

“Compared to recent sales the price guide is modest,” Pillinger said. Only in Bellevue Hill.

Quay West appeal

The penthouse in the Quay West building at The Rocks has sold for $9.8 million to the corporate interests of billionaire Paul Tieck and his son Jason.

The Quay West penthouse of Patricia Hsu Chun Yin sold for the Tieck family for $9.8 million.Credit: Domain

The Mirvac-built landmark building has seen a flurry of high-profile deals this year, most notably when the long-held apartment of the late, great comedian Barry Humphries sold for $6.1 million.

And in July freight tycoon Clive Thomas paid $7.35 million for the sub-penthouse, which adjoins the $5 million pad he’s owned since 2012.

The Tieck family made their fortune when the late Norman Tieck sold his no-frills supermarket chain Franklins for $33.6 million in 1979.

Norman’s sons Paul and Gary run the family office, Gwynvill Group, and were ranked 47th on this year’s AFR Rich List 200, worth an estimated $2.7 billion.

The three-bedroom spread is in the north-west corner of the building, according to recent marketing by Ray White’s Michael Lowdon, and next door to the penthouse once home to the late philanthropist Paul Ramsay (now owned by his business development director Sam Savchenko).

Last run of 2024

Sally and John Bowie Wilson are selling their apartment in the Gladswood Villas triplex.Credit: Domain

As school resumes, agents are looking forward to the last clear run to list and sell for 2024. Cue a renewed sale pitch for the Double Bay waterfront apartment of stockbroker John Bowie Wilson and his wife Sally.

Tourism expert Andrew McEvoy is downsizing from his Queens Park home.Credit: Peter Rae

The architect Michael Suttor-designed spread with Nick Tobias interiors – one of three in the Gladswood Villas triplex – was first listed last year for $21 million. It returns for what Raine & Horne’s Martin Maskin describes as the “high teens”.

Also up for grabs is the Queens Park home of tourism expert Andrew McEvoy and his wife Alison, with a $5.5 million guide by PPD’s Debbie Donnelley.

The Luxury Escapes chair and former Tourism Australia boss paid $2.45 million for the five-bedroom house with a pool in 2010, and renovated it the following year.

The Queens Park house is set to hit the market with a $5.5 million guide.Credit:

Finally, Stewart Wallis, AO, former chief of Leighton Holdings, and his wife Gwen are selling their Southern Highlands property, Cockatoo Hill, for $11.5 million to $12.5 million.

The 40-hectare property hosts an extraordinary art collection, unsurprisingly given the couple’s prominence in the arts world, but Ray White’s Gene Fairbanks said none of it is included in the price.

Instead, buyers will have to make do with the seven-bedroom residence, equestrian facilities, indoor pool, tennis court and garaging for 15 cars.