Rubicon founder Gordon Fell wins the downsizer of the year award for 2018, having bought architect William Smart’s Surry Hills home and design studio for $7,905,000 last month and now sold his $55 million Point Piper mansion.
Mr Fell and his wife, Philippa, listed their designer waterfront home ‘Routala’ — on the tip of Australia’s most exclusive peninsula — with Brad Pillinger of Pillingers on September 5.
When contacted, Mr Pillinger had no comment about the sale, but other sources say the five-bedroom, seven-bathroom ‘Routala’ with a seven-car garage at 64 Wunulla Rd has exchanged for about $50 million.
Related: GORDON FELL BUYS IN SURRY HILLS
The deal means Routala is the third most expensive Sydney house to have sold this year, behind the late Lady (Mary) Fairfax’s Fairwater that sold for $100 million in September (through Christies Great Estates principal Ken Jacobs) and the $58 million sale of the Gothic mansion Rona in Bellevue Hill in October (through Bart Doff of Laing + Simmons Double Bay and Ben Collier of The Agency).
Mr Pillinger also held the listing for the fourth-most expensive house, retail billionaire Brett Blundy’s designer pad at 19 Bayview Hill Rd, Rose Bay, for $47 million. It’s reported to have sold for about $45 million.
He is also believed to have been involved in several other $20 million sales.
“The upper echelong sales have happened consistently throughout the year,” Mr Pillinger said.
“The $100 million mark was broken and records will continue to break at the end of the market where the property is completely unique.”
The deal on Routala will be a welcome early Christmas present for the Fells, who, as exclusively revealed by News Corp last month, bought the William Smart office with residence above at 632-634 Bourke St at auction.
That result was a big price for the Surry Hills neighbourhood.
Steffan Ippolito, of Oxford Agency had a guide of $8 million for the office with residence above.
There were four registered bidders with three participating.
Mr Fell and his wife, known as Pip, are understood to be staying in their Point Piper residence for some time due to a long settlement, before moving into their new Surry Hills home.