Harbourfront 110 Wolseley Road, Point Piper listed with 2014 record hopes

Harbourfront 110 Wolseley Road, Point Piper listed with 2014 record hopes
Harbourfront 110 Wolseley Road, Point Piper listed with 2014 record hopes

Harbourfront 110 Wolseley Road, Point Piper has hit the market with hopes of securing the 2014 house price record.

Listing agent Bart Doff from Laing+Simmons Double Bay has advised the property was likely to sell for $37 million plus.

The $37 million was secured next door when the property developer Ron Medich sold his mansion.

Another $30 million plus sale was achieved this week when the other neighbouring waterfront, the 1970s Point Piper mansion of the late developer and hotelier Salvatore Paino at 106 Wolseley Road sold through Michael Dunn and James Dunn from Richardson & Wrench Double Bay in conjunction with Enza Messina from Enza Messina Real Estate.

The home was listed following Paino's death in September last year with $40 million hopes.

The sale marks the fourth prestige house sale above $30 million in Point Piper this year.

110 Wolseley is the home of Karyn Zamel, wife of mining engineer Gary Zamel, who are downsizing locally so the the three level Wolseley Road home with its jetty and pool has been listed.

With postcard perfect views of the Harbour Bridge, the Zamels bought the home from Lachlan and Sarah Murdoch in 2005 for $20.6 million.

The Murdochs had paid $12 million for the trophy home in 1999, the year they married, when it was bought from the US-born mining entrepreneur Robert Friedland.

Title Tattle's memory of the property goes back to 1988 when Villa Ulivi, as it was known, was sold by Florence businessman Carlo Cobianchi to then medico John Bannister for $8.8 million.

Villa Ulivi was the precurser to the current house designed by the late Richard Christian for the US-based mining tycoon Leonard Green and his Australian-born wife, Emese.

The house had been completely rebuilt with Richard Christian-designed plans since it was sold in 1991 by then Macquarie Street orthopaedic surgeon Dr John Bannister for $6.5 million.

Green's major Australian business foray was the 1992 $63 million takeover of the mining company Arimco NL. He realised $79 million on the sale of its shares in 1994.

 

Jonathan Chancellor

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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