Gai and Robbie Waterhouse sell in Clifton Gardens
Racing couple Gai and Robbie Waterhouse have finally secured the sale of their longtime former Mosman family home.
It was pulled from February auction then given a steadfast $5.4 million asking price.
The four bedroom property, which has been in the Waterhouse family for 32 years, had come with an initial price guide of $6 million plus.
No sale price has emerged but it sold through 2088 Realty listing agent Sally-Anne Lawlor who advised most of the buyer interest has come from developers.
But with a late start the buyers were a family from Kogorah Bay.
The racing couple will make a tidy gain from the Clifton Gardens home having paid $457,500 in 1983.
The Burrawong Avenue property was designed with wall to wall windows highlighting the harbour views over Shark Island and beyond.
The master bedroom suite comes with an impressive hat display cabinet filled with Gai's hats and fascinators from past race days.
They now prefer the Balmoral aspect along with their Mittagong retreat, Dunsinea.
Their bookmaker son, Tom and his wife Hoda were $13 million buyers at Balmoral in 2013, with their luxury Balmoral Beach apartment sold to his aunt, Louise Raedler-Waterhouse paying $4.38 million. Their daughter Kate and her husband Luke Ricketson also live at Balmoral.
Mosman's median house price has been around $3.2 million this year with the top recorded sale being $12.8 million.
Local agent Robert Simeon recently noted Mosman was experiencing the Sydney-wide trend of low listings.
His figures showed just 42 houses on the market as at June 30, compared to an average 70 over the prior five years.
"We are now seeing record low listings which only strengthens the markets," Simeon said.
This article was first published in the Sunday Telegraph.