Real Estate

16 million point piper home sells in just days to mystery billionaire

Written by The ReReport

15 Wunulla Road, Point Ppiper

THIS 1950s-style glamourous home had barely hit the market before it was snapped up for an eye popping multimillion-dollar sum.
No sooner did the team at Snowden Jones list the 1950s glamour pad on Wunulla Rd in Point Piper, than the waterfront home was snapped up for “more than $16 million” by a billionaire buyer who was already on their books.
“We picked up the phone the minute we listed the property and that’s who ended up buying it,” Ms Snowden says.

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“It really was a phone call to someone in our little black book.”

15 Wunulla Road, Point PpiperThe Point Ppiper has it’s own deepwater jetty.

Although Sydney’s eastern suburbs have been experiencing a spate of eye-watering double-digit million dollar listings of late, it’s not often a midcentury modernist home complete with deepwater jetty comes on the market.
Ms Snowden, who sold the home alongside fellow agents Kim Jones and Rick Daniels, says it is because of the home’s rare period architecture that it was sold within a week.
“It sold prior to a campaign commencing and for more than $16 million,” she adds.

15 Wunulla Road, Point PpiperNow that’s a view.

The vendors of 15 Wunulla Rd, which happens to be the same street where former Prime Minister Malcolm Turnbull and his wife Lucy, the former Lord Mayor of Sydney live, were Lucy and Ben May, successful Sydney hoteliers who own the Manly Wharf Hotel and Mr Sippy in Double Bay.
The buyers identity, however, is still under wraps, with Ms Snowden unable to comment.
“What I can say is it’s actually going to be their Sydney residence when they’re in town. They absolutely love it,” she says.

15 Wunulla Road, Point PpiperThere’s plenty of room to entertain.

Built in 1958 by Hugh Buhrich, the historic residence on 795sq m has many of its original features intact, but also includes several contemporary updates throughout.
There are lime-washed oak floors, multiple spacious living areas and terraces, a designer gas kitchen with Norwegian Rossa marble benches and European appliances, five bedrooms including a main with vast ensuite and balcony access.

15 Wunulla Road, Point PpiperThe dining and lounge room are flooded with natural light.

It also features a harbourside swimming pool, jetty, boat shed, manicured lawns and as yet unapproved plans for further renovations and updates.
“It’s an iconic midcentury modernist design that evokes that old Hollywood feel which is super popular at the moment, it’s really very beautiful,” Ms Snowden says.


15 Wunulla Road, Point PpiperThe chic kitchen.

Such a quick turn around for a prestige listing is a sign, according to Ms Snowden, that the eastern suburbs market is more than just surviving a greater Sydney “slow down” of the residential property market.
“Really, what it’s saying is that significant and iconic properties, particularly those on the waterfront, are selling well.
“There’s certainly no downturn in that market,” she says.

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