The Rose Bay home of London-based banker Michael Harte and his wife Susan, founder and editor of A Magazine, has sold for well above its $10 million guide price.
Listed with Ray White Double Bay principal Elliott Placks and Ashley Bierman, sources say the heritage-listed circa-1924 Glynn Gilling-designed home at 16 Kent Rd has sold in the $10.5 million to $11 million range.
Mr Harte is now chief operating officer of its Sartander’s UK business but bought the four-bedroom home, three-bathroom home on a 1043 sqm block for $6.5 million when he was CBA’s IT chief in 2006.
Born in New Zealand, he made headlines around the world in 2013 when he bought Budelli Island, off the coast of northern Sardinia, Italy, for $4.8 million at auction.
But three years later, a court-ruled that Budelli, famous for its pink sand and though to be the most beautiful island in the Mediterranean, should be handed to a national park.
Their Sydney home was set in beautiful gardens and had a pool. It had both a garage and a car port.
There were a range of entertainment spaces, including a lounge, living room and sunroom.
It’s opposite The Royal Sydney Golf Club, with shops and Rose Bay Wharf close by.
There hasn’t been a $10 million sale in Kent Rd since 2011, when The Agency’s Ben Collier sold Russell Crowe and then wife Danielle Spencer the Federation mansion Te Puka for exactly that amount.
Ms Spencer now resides there.
However, CoreLogic shows the record price is still the $13.5 million that Julie Rosenberg — wife of Gleneagle Securities founder Leon Rosenberg — paid when they bought the home of former Liberal leader John Hewson in 2004.
Mr Hewson once said that home — with pool and tennis court — was the best non-waterfront in Sydney. It looks over the golf course.