elaine point piper

By clicking send message I agree to the terms and conditions, privacy policy and to receive correspondence from The Realestate Conversation and Williams Media. The main residence is protected by council due its “special significance”, but is approved for significant remodelling. The estate next door, Fairwater, is owned by Lady Mary Fairfax, who has promised to bequeath it to the people of NSW, which will leave Elaine as the largest, privately held harbourfront estate.

In 2014 he was one of two agents who sold the Point Piper trophy home Villa del Mare for $39 million. “This is an emotional day. I sold a home that has been in the Fairfax family since 1891. Menulog founder Leon Kamenev bought four houses in Vaucluse for just less than $80 million last year. Those DA-approved plans also heralded the first official price guides on each proposed property with a total price tag of $75 million to $80 million. The estimated stamp duty on a $70 million house is $4.84 million.

Prestige values have risen dramatically in the years since then.

The Fairfax family have not lived in Elaine for more than 20 years. The Australian reports that the 6900-square-metre property covers six titles and is nearly three times the size of nearby Altona, which sold for a record $53 million in May. Fellow tech mogul and Atlassian Co-Founder Scott Farquhar owns the Elaine estate next door. “People who go past from their boats or walk along the beach look up here and see something that evokes an older, rather special Sydney that survives. However, it has been reported that he knocked back a number of offers higher than the $75 million offer received from Farquhar, because the prospective buyer's intention was to split up the site. Photo: Wolter Peeters. Prestige agents have long speculated on the property’s worth, with one high-end agency director saying soon after it hit the market that he would run naked down New South Head Road if it sold for more than $55 million. Elaine was built in 1863 and bought by Geoffrey Fairfax in 1891. DA-approved plans for four separate properties on the estate were approved in early 2016 amid a new marketing campaign billing it “Elaine Gardens” that opened the sale up to include developers or a syndicate of buyers. Last year the co-founder of takeaway delivery website Menulog, Leon Kamenev, set a different record when he spent just under $80 million on four properties in Vaucluse, making it Australia’s most expensive property amalgamation. Keep the conversation going with LUXURY LIST WEEKEND our free newsletter covering Australian luxury real estate. Farquhar intends to preserve the site as a single block. Those DA-approved plans also heralded the first official price guides on each proposed property with a total price tag of $75 million to $80 million. The previous highest price paid for an Australian home was $70 million paid for James Packer's Vaucluse home. Packer’s Vaucluse mansion set a national high in 2015 when it sold for $70 million, and last year Jacobs sold another Point Piper landmark, Altona, for $61.8 million to the Huang family, from China’s paper manufacturing company Shantou Dongfeng Printing.​, The Fairfax family have sold their Point Piper estate Elaine, setting a national house price record of more than $70 million. Fairfax sought, and received, approval to subdivide the block.

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