Point Piper's beachfront Anaconda sold

One of Point Piper’s rare breed of original old homes, the 1890s Anaconda, has been sold.

The beachfront property came with an initial asking price of $28 million this week.

Suggestions by the Fairfax Media that the Lady Martins Beach property would be sold the Chinese have not eventuated.

It has been owned by the Page family since 1960 when the late legal luminary Brian Page of Freehill Hollingdale and Page bought it for 20,600 pounds for his three sons Michael, Charles and Roderick.

At the time the Page family were already locals, having owned the Spanish Mission house next door since 1950.

Set on about 1000 square metres of absolute beachfront with a north-facing aspect, the property is understood to have been bought by David Shein who recently sold in Vaucluse.

The Shein family had been looking at the Wolseley Road house for some time after entrepreneur David Shein and his wife Colleen their two Vaucluse waterfront properties for around $60 million.

The Page family home fetched about $25 million so pocketing almost $40 million after their sale to the co-founder of Menulog Leon Kamenev.

Mr Shein is a former board member of the ailing Fairfax Media group and was the founder and former managing director of Dimension Data Australia before he became non-executive chairman of Montech Holdings.