Menulog co-founder Dan Katz upgrades to Vaucluse
Online takeaway service Menulog co-founder Dan Katz and his wife Nicole sold their Maroubra home pre-auction as they plan their upgrade to a $20 million Vaucluse home.
Set on 550 square metres on the Corso, most of the Maroubra buyer interest came from up-sizers from Bondi and Bronte. The three level home, with ocean glimpses, came with basement level car parking.
The five-bedroom home with pool last traded in 2008 for $2.57 million, with Jason Black, of Black Lifestyle Property, expecting the offering this time to attract interest around $3.6 million to $3.7 million.
The Katz family are off to the Vaucluse harbourfront home of finance entrepreneur Clive Isenberg and his wife, Jennifer which sold earlier this year through LJ Hooker Double Bay agent Bill Malouf.
The three-storey trophy home sits on the Parsley Bay battleaxe block bought in 2002 for $9 million from retired businessman Ed Harris.
It was last May when UK-based takeaway food delivery platform Just Eat bought out rival Menulog for $855 million when Menulog had 5500 restaurants and 1.4 million active customers.
It was a windfall opportunity for Katz and his Menulog co-founder Leon Kamenev and the other shareholders, including Catch Group’s Gabby and Hezi Leibovich, along with EatNow founder Matt Dyer who merged his startup with Menulog in February last year.
Katz and Kamenev were behind the successful accommodation website HotelClub, which was sold to the US company Cendant in 2000.