A multi-million dollar waterfront mansion in Sydney, Australia, owned by a Singaporean tycoon has sold after just eight weeks on the market.
“In a bid to respect my seller and buyer’s wishes I cannot reveal the final sale price,” said Craig Pontey of Ray White Double Bay, who is handling the sale, in a statement. “But I can confirm that contracts have now been exchanged for a record price making it the highest residential waterfront sale of all time.”
Here’s what $80 million will get you on Manhattan’s Upper East Side:
- a Hermès leather-lined billiards room
- a lighted handbag display and a temperature-controlled vault for fur
- a basement spa with a massage room, sauna, plunge pool and gym https://t.co/VMIrYH86g7 pic.twitter.com/qQ17JCAObM
— Mansion Global (@MansionGlobal) December 18, 2017
CK Ow, a luxury property developer, bought the house for a little over A$7 million (US$5.37 million) nearly 23 years ago, Mansion Global previously reported. It was listed in October for A$70 million (US$53.75 million).
The six-bedroom house in the eastern Sydney suburb of Vaucluse has six bathrooms, a pool, a championship-sized tennis court, Sydney harbor views, a library, a study, a gym, a three-car garage, a jetty and its own English-style pub.
“Opulent homes like this traditionally take 12 months or longer to sell, but in this instance we had a number of cash buyers keen to do a deal before Christmas,” Mr. Pontey said. “It was hugely satisfying for all involved to have achieved not only the highest waterfront sale of all time but to have have achieved the third highest residential sale in all of Australia.”
The current Australian sales record is held by an estate called Elaine in the affluent Sydney suburb of Point Piper that sold in April for A$71 million (US$54.52 million), Mr. Pontey said previously.
The Daily Mail first reported the sale.
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