Vaucluse mansion sells for nearly $47 million, 2016's most expensive

A Vaucluse mansion has been sold at close to $47 million.

The Peter Stutchbury-designed Carrara Road has been reportedly bought by Strathfield-based Sanity boss Ray Itaoui and his wife Rachel.

They bought from global financier Andrew Ipkendanz some three years after it was listed with hopes of breaking Australia’s housing price record.

The unconfirmed sale through Alison Coopes is the country’s biggest single dwelling sale so far this year.

The Peter Stutchbury-designed residence was originally listed with hopes of $60 million but discounted to $53 million last year by Alison Coopes, of Agency by Alison Coopes, Fairfax Media reported.

Set over four levels with a lift, the 2000 sqm property comes with nine bedrooms, ten bathrooms, vast formal and informal living areas, games room and a 20-metre pool.

It's construction was reported to have exceeded $25 million.