Offshore Chinese buyers recently sealed the deal at 22 Euryalus St, Mosman, after reaching an agreement with the vendors, 24 hours prior to auction.
The deal was struck by Vernon Partners’ Mark Wallis and Adam Vernon, who had been quoting a $3.7 million-$3.95 million guide.
While the sale price remained confidential, Mr Wallis confirmed that it sold at the upper end of the guide.
The 1930s European-inspired four-bedroom home sits on 864sqm and has uninterrupted views of Middle Harbour.
The property appealing to the buyers as the views cannot be built in front.
Mr Wallis said the nervous market was enticing buyers and sellers to reach agreements prior to auction.
“A lot of people are looking to tie up a sale prior to auction as they are looking for reassurance in the current market,” he said.
The buyer may consider knocking down the home and rebuilding a new one on the site, which is fast becoming a trend in the area.
“This part of Mosman is becoming an enclave for new homes replacing older ones,” he said.
It is a close to city buses, a number of harbour beaches and Mosman village shops, cafes and restaurants.