Huge Vaucluse landholding with view marketed as family estate

A family compound in the upmarket Sydney suburb of Vaucluse features two mansions replete with nine bedrooms and two swimming pools.

Ray White is marketing the property at 8 and 9 Hillside Ave in Vaucluse, with its views of the harbour, to high net worth families as a luxury compound or estate.

A family compound in the upmarket Sydney suburb of Vaucluse hit the market this week, featuring two mansions replete with nine bedrooms and two swimming pools.

The listing comes hot on the heels of a recent near $40m sale in the same street, Hillside Ave, when Hong Kong arts patron Yang Yang sold her 7 Hillside Ave, Vaucluse mansion, which was listed for $38m to $40m through Christie’s International agents Darren Curtis and Ken Jacobs.

The buyer of the property is yet to be identified.

Meanwhile, Tal Silberman’s Moshav Developments has just listed 8 and 9 Hillside Ave, encompassing 2586sq m, via an expressions of interest campaign through Ray White Double Bay’s Michael Finger.

Ray White is marketing the property with its views of the harbour to high net worth families as a luxury compound or estate. It is understood Mr Silberman has decided not to proceed with a proposed redevelopment of the site and he has been renting the mansions out, with one netting $10,000 a month and the other nearly $20,000 a month.

The luxury compound at 8 and 9 Hillside Ave, Vaucluse.

“At a time in history when families have been kept apart for months through border closures and lockdowns, we envisage the buyer being a tight family who want to keep the generations close. Think Cairnton, the Packer family compound in Bellevue Hill or the Murdoch family’s Le Manoir, which expanded to include a neighbouring property,” said Mr Finger.

The north-facing home at No.8 has multiple living areas with views of Sydney Harbour, formal living and dining spaces, a grand entrance foyer, a private rear garden outdoor area and a pool. The home at No.9 has five bathrooms, a resort-style swimming pool, spa, sauna, wide terraces and a poolside dining patio.

Designed in a classical French provincial theme, it takes full advantage of its hilltop position by including a panoramic view stretching to Bondi Beach in one of the upper level bedrooms.

Options for the new owners include occupying the residences, renovating or developing them.

Despite objections from neighbours worried about the loss of views, the NSW Land and Environment Court has approved plans for a redevelopment.

The development plans approved by Woollahra Council include four multistorey homes designed by architect Luigi Rosselli which feature luxury finishes, swimming pools and basement garages.

“It has subdivision for potentially three land lots, or DA approval for four residential homes,” said co-selling agent Ray White Projects’ Eddie Mansour.

“The DA approval is for four Luigi Rosselli-designed exclusive residences with contemporary design and modern finishes to complement breathtaking water views over Sydney Harbour.”

The view over Sydney Harbour from 8 and 9 Hillside Ave, Vaucluse.

The agents would not provide a price guide, but it was reported earlier this year that, as individual residences, 8 Hillside Ave was worth about $15m and 9 Hillside Ave $30m.

It has also been reported that the redeveloped Vaucluse mansions could conservatively sell for $45m.

No.8 was purchased by the vendor in 2018 for $11m while No.9 was purchased for $21m the same year from Angela Teplitsky, the former wife of developer Michael Teplitsky.

It had previously sold for $17m in 2016 and $14m in 2014 from property developer Jacques Kurdian, whose father is said to have bought it in 1976 for $220,000.

If it sells, the combined 2586sq m landholding on Hillside Ave will likely be the largest residential sale by size in Sydney this year.

Ray White Group data reveals fewer than 40 properties over 1000sq m have been sold in Sydney in the past six months.

Vaucluse, located towards the end of the South Head peninsula, is home to Australia’s prime residential addresses, commanding an exclusive position in Sydney’s luxurious eastern suburbs.

Mr Finger said he was yet to set a date for the closure of the expressions of interest campaign.

The agents would not provide a price guide, but it was reported earlier this year that, as individual residences, 8 Hillside Ave was worth about $15m and 9 Hillside Ave $30m