Tired Tamarama trophy home site listed for auction

A Tamarama Marine Drive, Tamarama building block has now been listed for June 25 auction by Marco Rossi, chairman and founder of the construction company Built.

There were $15 million reported expectations on its initial 2016 listing. 

Rossi has stuck with Sothebys, but brought in Bethwyn Richards at The Agency to get the sale across the line this time.

They are advising there are $11 million hopes.

Rossi bought the property in 2007 for $11 million, setting a record for the suburb at the time.

He demolished the existing building and excavated at a cost of around $1 million.

Rossi has since moved to Bellevue Hill's Yoorami with his partner, Stephanie Stokes, as they wanted the family to be closer to schools.

Plans for the five bedroom Tamarama home include an eight-car garage and a lift from the street frontage.

The plans are estimated to cost another $7 million.

They were designed by internationally renowned architect Wallace E. Cunningham.