Avalon's Cooinda sells to builder Robert Yazbek
Builder Robert Yazbek is set to emerge as the buyer of one of the exclusive Stokes Point, Avalon homes, Cooinda, which sold recently.
Cooinda, which looks out to Palm Beach and Lion Island, was sold by coal industry expert Malcolm MacLennan and Kim Turner.
Designed with elements of sandstone, timber and glass, the five bedroom, five bathroom home has been extensively rebuilt since last trading for $6.5 million in 2006.
The sloping 1,630 square metre parcel leads down to the 30 metre frontage that features a private sandy beachfront, boatshed, and sheltered deep water berthing.
Lachlan Elder at LJ Hooker Mona Vale sold the home for close to $13 million.
Cooinda is just two doors down from Finisterre, the 7000 square metre waterfront estate owned by the Oatley family.
The late winemaker Bob Oatley paid a record breaking $20 million for the mansion in 2002.
This article first appeared in The Sunday Telegraph.
