Waterfront Sale

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A $4.8 million Blakehurst home sale topped weekend auction sales across Australia, according to Australian Property Monitors.
The beachfront Princes Highway sale was through McGrath Estate Agents.
With views across Kogarah Bay, the waterfront residence sits on an under utilised sprawling 1,365sqm block.
"While the LEP has not yet been gazetted by council (possibly March next year) the site is proposed by council for units and while some buyers thought there was too much risk we had three bidding," agent Matthew King said.
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Blakehurst home tops weekend auction sales for McGrath

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Ten waterfront allotments, fronting the north-facing beach at Funnel Bay and surrounded by national parks on three sides in North Queensland’s Whitsundays, are up for sale.
The development, called “The Beaches”, recently launched with individual allotments bearing the names of famous beaches like Bondi, Cottesloe, and Waikiki rather than lot numbers.
Prices start from $825,000, with the average being under $900,000.
The marketing is being handled by PRDnationwide.
The site was previously owned by a Resort Corp and approved for 174 apartments as a 6-star lush tropical resort.
A group of local investors and developers have since secured the site and modified the approval to produce 10 waterfront allotments of 1000 sqm and five garden view allotments (each with direct access either to the beach or to the private pool area).
The beachfront lots have an additional 700 sqm or more of landscaping area on each title.
Each allotment is fully serviced but has the feel of a deserted tropical island, with sweeping views across Funnel bay and out to the Great Barrier Reef.
Despite being only six minutes from the main street of Airlie Beach, The Beaches are hidden behind a low ridge giving residents the feeling of being a million miles from anywhere.   
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A chance to grab waterfront allotments in Whitsundays

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For the first time in 60 years a prime beachfront parcel in Coalcliff fetched $2.1 million at weekend auction.
Advertised with potential to build a new home on the 645 sqm block, <a href="https://www.realestate.com.au/property-house-nsw-coalcliff-123069470" target="_blank">34 Paterson Road </a>came with little more than the original foundations of a home.
The property sold through Simon Beaufils and Mattias Samuelsson at Ray White Helensburgh. 
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Oceanfront Coalcliff building block sells at $2.1 million

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Former Macquarie banker Sandy Lockhart and wife Susan have sold their Kirribilli waterfront.
Christie's International agents Ken Jacobs and Darren Curtis secured the sale having asked $8.5 million for the home upon its March listing.
The couple paid $7.2 million for the Susan Rothwell designed home in 2010.
It was built for John and Eve Molyneux who owned the historic Sunnyside next door.
They sold the home for $6.1 million in 2003 after its rebuild.
Set on 363 sqm, the <a href="https://www.realestate.com.au/sold/property-house-nsw-kirribilli-122177298" target="_blank">contemporary waterfront</a> has three bedrooms, five bathrooms, a climate-controlled walk-in wine cellar and a plunge pool.
There's a lift access to all levels and a shared jetty and berth. 
Lockhart is a founding partner of private equity manager Next Capital.
This article appeared in the Sunday Telegraph.
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Lockhart's Kirribilli waterfront sold

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The former Morgan Stanley and Merrill Lynch head of fixed income Neale Muston has sold his Mosman home.
Set overlooking Chowder Bay home on Sydney's lower north shore it was bought for $14.5 million by a Chinese-origin buyer with residency. 
It was sold on its second time marketing campaign this year. And in 2015 it was listed with $17 million hopes.
The architecturally designed <a href="https://www.realestate.com.au/sold/property-house-nsw-mosman-123591030" target="_blank">Morella Road four-bedroom home</a> features minimalistic styling. The sale affirms that the Chinese buyers are attracted to the “prestige” of Clifton Gardens.
It was sold by McGrath agents Michael Coombs and John Melville with a price guide of $14.5 million to $15.5 million. The property last traded for $6.15 million in 2008 when bought by Muston who is now a director of Excalibur Trading, a private capital fund specialising in the global futures markets.
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Mosman home sells for $14.5 million to Chinese buyer

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Sentosa, a 100 year old Hobart waterfront, has been snappily sold having come with $6.5 million hopes through Knight Frank agent Mathew Chugg.
It was sold by Wendy and Barry Turnbull who paid $815,000 for the home in 1993.
The 1917 home designed by Marco Linardi sits amid 2309 sqm of Paul Bangay-designed gardens on Blinking Billy Point.
The grounds meander down to the water with a lawn overlooking Long Beach.
The home spanning 693 sqm has five bedrooms, including two on the fully self-contained first floor that also comprises a lounge, kitchen and bathroom. 
The master suite with separate dressing room overlooks the river and there's a 15 metre indoor pool in a conservatory inspired room.
The ground floor features a grand dining room, lounge and stately staircase crafted from Huon pine with bespoke iron balustrades.
Early Australian aviator Charles Kingsford Smith visited when he honeymooned in Hobart with his second wife Mary in 1931.
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<div class="wp-caption">This article first appeared in the Weekend Australian's Mansion Australia section.</div>
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Snappy sale for Tasmanian mansion Sentosa 

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Salesforce Australia founder and former chief executive Kevin Panozza has bought a luxury Hope Island waterfront.
The March settlement shows Panozza paid $3.9 million for the five bed, five bathroom home.
Set on 1794 sqm of <a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/sold/property-house-qld-hope+island-123846430" target="_blank">landscaped waterfront land</a>, the two level residence comes with an alfresco entertaining area with heated swimming pool.
The home had only been on the market for 20 days before Amir Main at Prestige Property Agents Paradise Point found a buyer after asking $4,495,000.
Panozza founded SalesForce Australia in 1993 that went on to become the largest provider of outsourced customer contact solutions in Australia and New Zealand. 
He sold the company in 2005 and left his chief executive role in 2007. 
Pazzone has stepped up the campaign to sell a his Brighton trophy home Marama, with a revised price guide of $6 million, down from $7 million when first listed last October.
The landmark 1880s mansion with five bedrooms, wine cellar and heated pool had been renovated by Melbourne architect Bruce Trethowan.
This article first appeared in The Weekend Australian's Mansion Australia section.
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Salesforce co-founder buys Hope Island waterfront

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The first lady of cruising Sarina Bratton and husband Ray have sold their Newport waterfront.
It took over 200 days before its mid-week sale.
It only came after a price amendment from $4 million to $4.3 million hopes down to $3.75 million to $4.1 million.
It's still a tidy profit for the couple who paid $1.53 million for the Prince Alfred Parade dress circle home in 2000.
LJ Hooker agents Andrew Mappin and David Watson sold the home.
Britton created the market-leading Orion Expedition Cruises in 2005, then was appointed Asia Pacific chair of Ponant Cruises in 2013.
The couple remodelled the home on its 1,370 sqm parcel in 2012. There is a shared jetty.
Spanning two levels, the elevated home has four bedrooms, four bathrooms and a swimming pool that overlooks the water.
This article first appeared in the Sunday Telegraph.
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First lady of cruising Sarina Bratton sells Newport waterfront

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Tasmania's highest weekend sale came from Orford where a waterfront home sold for $730,000.
Overlooking the entrance to Spring Bay harbour, the four bedroom rendered brick home sits on a 4,000 sqm parcel within landscaped gardens.
It offers views across <a href="https://www.realestate.com.au/sold/property-house-tas-orford-124748666" target="_blank">Mercury Passage to Maria Island</a> from its sundeck which is accessed through large panoramic sliding glass doors.
The property was offered fully furnished by Knight Frank Tasmania agent Jim Playsted.
It last traded for $620,000 in 2014.
 
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Waterfront home overlooking Spring Bay harbour Tasmania's biggest weekend sale 

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Hotelier Rod Salmon has sold his waterfront mansion in Drummoyne for more than $12 million, a record price for the inner west suburb.
The three-level residence is at the end of Wrights Point
The waterfront mansion was bought in 2014 from fellow hotelier Sam Arnaout who had commissioned the residence following his purchase of the 700-square-metre property in 2007 for $6 million.
​The three-level house includes five bedrooms, six bathrooms, a four-car garage, a rooftop terrace, gym, home theatre, swimming pool, separate living area with a wet bar, and separate guest apartment.
It comes with waterfront lawn that extends to Crown Land.
The record ends the Balmain peninsula’s decades long hold on the inner west’s top sales records, most recently set in 2014 at $11.8 million with the waterfront house purchase in Balmain East by the art collector Paris Neilson. 
The prior was set at $11.5 million in 2008 when Mark Ainsworth, son of billionaire poker machine maker Len Ainsworth, bought a Gothic-style villa on the Birchgrove waterfront. 
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