Prized Balmoral beachfront snappily sells at $11 million plus

Prized Balmoral beachfront snappily sells at $11 million plus
Jonathan ChancellorDecember 7, 2020

A beachfront Balmoral residence - one of only five houses with direct beach frontage - has been snapped up within two weeks of its listing.

It is 918 square metres of terraced tropical gardens with home designed by architect builder Ian Reeler.

Offers were due to close 11 November through Richardson & Wrench Mosman agents Stephen Patrick and Robert Simeon.

Inspectees were told more than $11 million would secure 4 Wyargine Street, Mosman.

It last sold in 1983 for $550,000.

A harbourfront Curraghbeena Road, Mosman, trophy home holds the Mosman mantle for 2014's top sale this far when sold for $16.3 million by Nick Bain, former head of infrastructure at Allco Finance and now chief executive of Graphite Energy, and his wife Katherine.

Hong Kong-based expat Kate Spanton, wife of Brand Loyalty managing director Philip Spanton, was the buyer of the four storey trophy home.

There are $18.5 million-plus hopes on the near neighbour harbourfront listed by former Cockatoo Coal executive chairman Mark Lochtenberg.

The house in-between sold at $11 million in June. It was bought by the wine entrepreneurs Katrina and Russell Leslie who bought from Anne Clarke and Greg Clarke, the former head of Lend Lease.

On Domain's website there are 53 properties listed at $4 million-plus in Mosman.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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