Glenhaven's Petalinda sets $9 million hills district record
There is a new Glenhaven record set by the restaurateurs Frank and Rima Criniti at $9 million.
Petalinda, the 1.9 hectare Sydney Hills district estate, previously sold for a record in 2011 when $5.3 million was secured by Jennifer Grant, wife of construction boss Steve Grant, director of Capital Corporation.
It has had a $2 million up-grades since its purchase.
Some $8.5 million was being sought before its sale to a buyer from nearby West Pennant Hills.
The sale beats the previous Hills record when $6.38 million was paid for 4 Hemers Road, Dural in mid-2013.
The prior suburb record was set only two doors away at $5.6 million when construction industry boss Mark Taylor and his wife, Eleni, sold in August to Angela Symons, wife of house and land package developer Todd Symons, of Eden Brae Homes.
The Taylor's 1.2 hectare estate was bought in 2011 for $3,665,000 from construction and property developer Graeme Webb and his wife Pamela.
It had been built in 1999 to a pavilion design by Heather Buttrose.
{qtube vid:=Pd4tvLxbRNs}