$18 million paid for Professor Wilkinson-designed Bellevue Hill home

The James, New York based, investment banking family have secured $18 million for their Rose Bay Avenue, Bellevue Hill, home which was listed last year through Alison Coopes.

The marketing described the home as a thoroughbred.

Alan James, the New York based, Macquarie investment banker sold his Rose Bay Avenue home to another Macquarie banker Sebastian Barrack.

The property was architect Professor Leslie Wilkinson's first residential commission in 1923.

The seven bedroom, five bathroom house comes with heated pool, pool house and floodlit lawn tennis court on 2,415 square metre.

Sebastian Barrack has headed the agricultural commodities division at Macquarie Bank which he joined in 1999 via Macquarie's acquisition of his division at Bankers Trust Australia.

It last sold in 2002 when the Dawson Damer family secured $9.03 million, swapping its for another Wilkinson-designed house, Greenway in Vaucluse.

Sydney University's founding dean of architecture, Professor Leslie Wilkinson, designed the grand heritage-listed Georgian-style home for the Laidley-Dowling family, in collaboration with architect, John D Moore.

The Dawson-Damers bought for $6.15 million in 1991 from the Perth-based John Bond who'd paid $675,000 in 1979. The then Perth-based, Bond Corporation executive had extensively upgraded the seven bedroom home through Andre Porebski, and also Garth Barnett during the Bond decade. 

Wilkinson undertook just 40 house designs, finishing in 1968 with Anthony Coote's $80,000 Vaucluse waterfront, once briefly owned by Paul Hogan, who sold it for $11 million in 2004 to Precision Group's Shaun Bonett, the young property tycoon from Adelaide.

In 2013 Karl Lagerfeld sold his Gramercy Park, New York pied-à-terre to the Macquarie banker Sebastian Barrack for US$4.5 million.

Lagerfeld had purchased the stark white, three-bedroom apartment in 2006 for $6.575 million.