Loch Maree, the Vaucluse harbourfront home finally sells

Loch Maree, the Vaucluse harbourfront home finally sells
Loch Maree, the Vaucluse harbourfront home finally sells

The Vaucluse waterfront trophy home, Loch Maree, home of entrepreneur Duncan Saville and wife Julie, has been sold. Nearby neighbours, the Blue Mountain hoteliers Jerry and Debbie Schwartz are tipped as the buyers, having listed with $20 million around the corner.

The Saville family's 2311-square-metre Vaucluse waterfront estate comes with a vast modernist mansion built in the early 1970s for the late Gordon Barton, founder of IPEC.

Designed by architect Michael Dysart, it has had only two owners since it was built at 1a Loch Maree Place. 

After Barton experienced financial troubles, the property sold in 1993 for $4.75 million after being on the market for three years.

Hidden from view by established gardens, the property has two entrances, Loch Maree Place and Coolong Road.

The Michael Dysart-designed residence was completed in 1972 at a cost of $280,000.

Sotheby's agent Michael Pallier and BradfieldCleary's Bob Guth initially had $30 million-plus hopes in 2012, then $25 million more recently until yesterday's sale.

"Stone floors quarried from a 14th century convent in France by Burgundian monks to Leonard French´s stained glass feature windows, this is a unique home," the marketing said.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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