Kangaroo Point home sets Sutherland Shire record
A near $11 million sale may have set a new record for the Sutherland Shire.
It was the mansion at Kangaroo Point completed three years ago by Celeste and Joseph Steiger, an electrical engineer who runs electric and mechanical servicing company Industrial Electric.
The Kangaroo Point residence offers about 900 square metres of internal living space on its 1820 square metre block which has been reportedly held by the Steiger family for about four decades.
Listed last November with $12 million hopes, the six-bedroom residence has a private beach, jetty, pontoon and boatshed.
The previous high of $10.85 million was set in 2005 by the Kangaroo Point property, Waterview when it was bought by company director Allan Botros with complex vendor financing.
It was sold two years later for $6 million to boss of Glad Cleaning company Nick Iloski and his wife Lucy.
Last year a waterfront house on Cronulla’s Darook Park Road was sold for $10.3 million to Sonya Boxall, wife of UBS co-head of equities Steve Boxall.