George Snow sets sail from Deauville, Point Piper after 19 years
Deauville, the 1935 five-bedroom Point Piper harbourfront residence with direct frontage to Lady Martins Beach, has been sold reputedly for about $13.6 million.
The Longworth Avenue house went to June auction last year when it was passed in at $16.1 million through Ben Collier and James Dack at McGrath, in conjunction with Bart Doff of Laing + Simmons Double Bay, who were seeking $17 million plus.
It was sold through Double Bay agents Brad Pillinger and Elliott Placks by the property developer and yacht racing identity George Snow and his wife, Sabrina, who bought it 19 years ago for $3 million.
Title Tattle recalls the 1993 auction purchase when it was sold at Geoff Speers' Sydney Property Auction Centre room. Overseas currency conversions – Hong Kong dollars and Japanese yen – of every bid were brightly digitally displayed on the wall in what was briefly then the latest advance in auction room gadgetry. The 1993 vendor was the ball-bearing industrialist Ron Martin-Weber, who had paid $395,000 in 1973.
Capital Property Trust's George Snow – who had debuted in the 1993 BRW Rich List at $35 million – is best known for twice taking line honours in the Sydney to Hobart as the owner-skipper of super-maxi yacht Brindabella. The Snows are off to the Keltie Bay, Darling Point penthouse, which was bought from David Kunde for $8.5 million last year.
Deauville was bought by the Haifer family, who've sold in Bellevue Hill for about $10 million. Coppernoll, the Haifer family's 1920s Kambala Road residence, sold off-market having been extensively renovated in 2003 having traded for $2.85 million in 2000. The Kambala Road property was briefly listed with $10 million hopes in 2004. The 1,347-square-metre property has a wide street frontage and security gates that open to a driveway down to two double garages and a porte cochere. The rear comes with a wide covered terrace overlooking the swimming pool and level lawn.
