110 Wolseley Road, Point Piper still tops 2015 prestige listings

Harbourfront 110 Wolseley Road, Point Piper which hit the market last with ambitious hopes, sits on the market.

It had $37 million plus hopes soon after early 2014 saw four prestige house sales above $30 million in Point Piper.

But despite the boom - which has almost bypassed the top end - and the low Australian dollar - the Point Piper prestige market has likely gone back a gear. 

110 Wolseley is the home of Karyn Zamel, wife of mining engineer Gary Zamel, who are downsizing locally.

They have it marketed through Bart Doff at Laing & Simmons inconjunction with Michael Pallier of Sothebys International. 

The three level Wolseley Road home with its jetty and pool has 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 for $8.8 million by Florence businessman Carlo Cobianchi to then medico John Bannister.

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.