No sale yet for Tamarama hole in the ground of Marco Rossi

No sale yet for Tamarama hole in the ground of Marco Rossi
No sale yet for Tamarama hole in the ground of Marco Rossi

The Tamarama hole in the ground belonging to Marco Rossi, the Bellevue Hill based chairman of Built, and partner Stephanie Stokes, was pulled from its recent auction.

It had a guide of $11 million, down on the $15 million the couple sought when they first listed it back in 2016. They paid a then record $11 million in 2008 and demolished the former home which was listed by Sotheby's in conjunction with Bethwyn Richards at The Agency.

The 585 sqm sits on the dress circle Thomson Street overlooking the beach.

There are approved plans for an opulent glass-swathed five-bedroom palace by the internationally renowned architect Wallace E. Cunningham.

The plans, expected to cost $7 million to fulfil, include a number of indoor and outdoor living spaces, a home theatre, gym, and a lift to each level. All excavation works are complete.

Last year there were three sales which toppled the Tamarama record, the biggest the $13 million paid by DJ Annie Conley for the home of former fashion industry boss Robby Ingham and wife Sarah. 

This article was first published in the Saturday Daily Telegraph.

 

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