Edgecliff's Carmel sale price falls well short of $19 million hopes

Investment banker Scott Malcolm and his wife Jane Taylor have reportedly sold Carmel in Edgecliff for more than $15 million.

The classic Edgecliff trophy home Carmel has had a who's who of owners.

Its trophy sale price fell well short of the $19 million originally sought when it was listed in April through Sothebys.

The 1930s house with distinctive art deco and Mediterranean villa touches is set on 1290 square metres, designed by F. Glynn Gilling for prominent stockbroker, Stanley Utz.

The founder of the Daily Mirror newspaper Ezra Norton bought it in 1959 for £17,000.

Businessman John Mellick and his wife Gemile bought it in 1990 for $3.25 million, transferring it to their daughter Kate and her husband Dominic Roche, of the Nutrimetics family for $4.5 million in 1999.

The Roches sold it to Malcolm in 2001 for $6,775,000 it set a suburb record.