Wrights Point, Drummoyne passed in at $9 million, but now no longer marketed

Wrights Point, Drummoyne passed in at $9 million, but now no longer marketed
Jonathan ChancellorDecember 7, 2020

A vast waterfront mansion at Drummoyne, which went to weekend auction away from the media gaze, was passed in at $9 million.

Expected to set a suburb record price of more than $8 million, the property has since slipped off the website.

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With its prominent north-facing position on Wrights Point, the three-level residence wasn't hard to miss.

It was built by the Arnaout family on a block which traded for $6 million in 2007.

No doubting its palatial proportions - and built appararently with no expense spared - it comes with five spacious bedrooms including a private main bedroom wing.

There were also formal and casual living and dining areas.

The state-of-the-art kitchen was marketed as a chef’s delight with an expansive island bench, breakfast bar seating and high end Miele appliances.

There was also a gym with sauna plus pool, and four-car garaging, wine cellar and guest apartment, even a rooftop terrace with a lift.

It was marketed through Adrian Sereni and Warwick Williams of Warwick Williams Real Estate.

"This property is no longer available," says the Warwick Williams website. It is understood the agency is still trying to secure a sale with the interested parties who turned up to the auction.

The property has a level lawns that lead to the Drummoyne Steps and then to direct harbour access.

The Arnaout family are best known for the Iris Group hotel ventures including the Hunters Hill Hotel some two decades ago which were then built a portfolio of pubs valued at $350 million.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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