Balnaves Foundation boss Hamish Balnaves lists in Crows Nest

Following his $4.2 million purchase in Cremorne, Balnaves Foundation boss Hamish Balnaves has listed his now redundant Crows Nest home.

The price guidance is $2,475,000 to $2,700,000.

Balnaves, who runs the Balnaves Foundation, paid $1,355,000 for the three bedroom home in 2007. 

Merging classic and contemporary, the freestanding home on 310 sqm had been a $725 a week rental in recent times.

The home comes with loft space and a garden edged courtyard with built-in barbecue.

McGrath Neutral Bay agent Alex Myers suggested in the listed there is potential to build a second floor.

Balnaves and wife Marta have upgraded, recently settling on a four bedroom Cremorne home with entertaining terrace overlooking a pool and courtyard.

The Balnaves Foundation has provided a huge range of monetary support to medical research, the arts and theatre, particularly indigenous projects.