Record $9 million Craig Rosevear-designed Coogee sale
Citigroup's private equity specialist Aidan Allen has been pinpointed as the $9 million record setting Coogee buyer.
It's the Craig Rosevear-designed, five-bedroom place on Gordons Bay, the ninth trophy home sale above $3 million over the past decade.
It had been listed with $8.5 million plus hopes last October, selling Christmas Eve through Jason Pantzer of Phillips Pantzer Donnelley who had it listed with Ric Serrao from Raine & Horne.
The multi-level house on 727 square metres of beachfront reserve was marketed as minimalist beach-chic. It was constructed built by Paul Watson in 2008 with a lift connecting each floor.
It has five bedrooms, five bathrooms, nanny's quarters, 1,200 bottle cellar, and a horizon-edge pool, cabana and steam room. The outdoor kitchen includes two barbecues.
The interiors are finished with heated Spanish limestone floors.
Citigroup’s head of general industrials and financial sponsors was identified as the buyer after a weekend party in a report by the Australian Financial Review's Rear Window column. Official settlement documents have yet to become available to Title Tattle.
The $9 million sale trumped Gordon Avenue, Coogee's previous $7 million record when Belinda and Chum Darvall sold their neighbouring property in mid-2013. There was also a $6.3 million sale in 2013. Further back there was a $6 million sale in 2011, a $5.9 million in 2008 and $4.72 million and $3.9 million sales in 2006. There was a $3.75 million sale in 2005 and its first $3.1 million sale in 2004.
According to CoreLogic RP Data, Coogee's median house price sits at $1,905,000.
Allen bought the house from Danny Simmons, the M&A partner at the legal firm Clifford Chance, and his wife Melissa Bresnahan.
The bay's small beach, lined with boats belonging to the local fishing club, is reminiscent of the seaside towns along the Amalfi Coast.