Northbridge record setter again for KKR boss

A harbourfront residence in Northbridge smashed the suburb record when it sold after private treaty negotiations on Saturday afternoon for $15 million plus.

An offshore buyer secured the home from the Berlin-bound Justin Reizes, who recently retired as head of equities giant, Kohlberg Kravis Roberts.

The residence's $9.05 million sale in 2008 had held the Middle Harbour suburb record during the ensuing eight years.

The house on 1700 sq m on Coolawin Road sold through McGrath agents Michael Coombs and David Howe who had initial hopes of $16.5 million.

It is the third time the property - now with interiors by Hare + Klein - has set a suburb high as it held the mantle when sold in 2003 for $7.13 million by the Salteri family.

Set on a private beach with a boatshed and pontoon, the six bedroom, six bathroom house has landscaped gardens and pool.