Rose Bay secures third Sydney Harbour sale at $30 million or higher this year
The veteran technology investor Neill Miller has sold his Rose Bay mansion for a rumoured $30 million.
Its the third sale in Sydney at $30 million or above so far this year.
There was no public marketing of the contemporary Rose Bay abode built on the harbourfront reserve location at the base of the steep cul-de-sac sandwiched between the Kambala and Kincoppal-Rose Bay schools. The land was bought for $7.75 million in 2002 along with a $3 million acquistion in 2005 of a portion hived off from Sacred Heart convent land holdings.Their dress circle virtual property is close to the $15 million sale recorded last year when the Anne Lewis harbourfront house (pictured) sold for $15 million through Ken Jacobs of Christie's International inconjunction with Andrew Livingston of McGrath.
While not out of the woods yet, Sydney's prestige property market has made an emphatic start to the year with the Point Piper harbourfront Altona selling for more than $50 million after six years on the market.
And there was also the recent $33 million sale of the Point Piper waterfront mansion nicknamed the Bang and Olufsen house.
Both mansions have been sold to Chinese buyers.
Neill Miller and his wife, Katherine, aren't moving far, having bought elsewhere on the Rose Bay foreshore.
The latest unconfirmed deal is reputed to have been notched up through Michael Pallier, the principal of the newly opened Sydney Sotheby’s International Realty.
The drums were beating about the mooted sale on twitter over the weekend.
Miller moved to Sydney in the early 1980s, having started an IT database system in a garden shed in South Africa with his first cousin Derek Miller.
Since November 2010 Miller has been involved in Energy & Carbon Intelligence System, an enterprise software solution that streamlines for businesses the capture, reporting and management of environmental data such as energy, fuel, water and carbon emissions.
The retired IT entrepreneur Neill Miller sold a prized oceanfront North Bondi Beach residential building site for $14 million in early 2011 to Michael Darling, the chairman of Caledonia Investments and scion of the pastoral and mining family, and his wife, Manuela Darling-Gansser.
The somewhat neglected five-storey apartment block is being transformed into a luxury condominium compound for the family who will be exiting establishment Bellevue Hill. The Darlings meanwhile live in a 1935 Hardy Wilson-designed colonial Georgian revival residence which they bought in 1991 from the merchant banker James Yonge for $8.2 million.
Set on the rock shelf known as Mermaid Rocks on the ocean shore at North Bondi, the building which comprises 10 apartments that Miller consolidated at a cost of $14 million between 2006 and 2008, is being rebuilt to a design by Nick Tobias of Tobias Architects.
The Art Deco 1930s Ramsgate Avenue block was marketed as the only privately owned apartment building with direct ocean access on the Ben Buckler peninsula through Martin Maskin at Raine & Horne Double Bay in conjunction with Mary Anne Cronin at Raine & Horne Bondi Beach.
