Chateau de Benelong, Bellevue Hill has $7 million plus post-auction price guidance

Chateau de Benelong, the distinctive Bellevue Hill palazzo residence, didn't sell when auctioned recently through agents Michael Finger and Diane Wilson of Ray White Double Bay. 

Over $5 million was being advised to potential buyers initially, and it was passed in at $6.2 million at its late May auction.

It still has a $7 million plus price indication.

Title Tattle spotted just the two Australian/Asian bidders at the auction where bidding began at $5.5 million.

Chateau de Benelong, the private palazzo commands sweeping northerly harbour views from its grand columned terraces.

The seven bedroom house has stood out from the crowd since 1977, when it was built by designer Lesley Santy.

It last sold at early 2012 auction at $4,995,000 sale through Michael Finger. It was initially listed with unrealistic $7.5 million hopes on its late 2011 marketing.

The 12 Benelong Crescent property had been renovated after trading for $3.67 million in 2009.

The vendors Lynda Giang-Nguyen and Nhi Nguyen bought it in early 2012 from Nare Elio and Makedonka Del Ben, who run a building company called Big Dig Pty Ltd.