Mosman's Hopetoun sells to local banker
Moelis Australia investment banker and Sydney Swans chairman Andrew Pridham has reportedly set a new Mosman and lower north shore record with the $25 million purchase of trophy home, Hopetoun.
The sale marks the third time the suburb record has been reset since March last year. Mosman’s trophy home market has recorded 15 sales of more than $10 million this year.
The 2400-square-metre property last traded for $4.9 million in 1994.
It was listed in 2014 with forlorn $40 million hopes.
The six-bedroom main residence features northerly harbour views from the various formal and informal living areas, and comes with a championship-sized tennis court, boatshed and slipway, heated swimming pool and a guest house.
The three-level residence was built by the property developer Bob Rose and his wife, Margaret.
Rose sold it to businessman Wai Kong Lo and Kam Ling Lo in 1994 for $4.9 million.
The Pridhams are reportedly weighing up a possible subdivision of the Hopetoun Avenue property as it sits on two titles.
The REA board member Richard Freudenstein and wife Jane sold their non-waterfront Burran Avenue home for around $23 million in February on extended settlement terms.
It was listed with $23 million to $25 million hopes.