Real Estate

vaucluse powers with 25m sale strong interest and 33m re listing

Written by The ReReport

26 Olola Ave, Vaucluse, with a price guide of $16.5m to $17.3m, has good interest.

VAUCLUSE is a hotbed of mid-spring prestige activity this week, with a $25 million sale in Carrara Rd; good interest in a $16.5 million home in Olola Ave and the re-listing of a luxury home in Wentworth Rd seeking $33 million.
There are no pictures available of 12 Carrara Rd due to it being an off-market sale that’s understood to have occurred late in the week through D’Leanne Lewis, of Laing+Simmons Double Bay. She wasn’t available for comment.

The stunning Poliform kitchen at 26 Olola Ave, Vaucluse

Property records show it’s in the name of PT Comino, who has rebuilt the beachfront reserve home in the past seven years.
It last traded for $2.6 million in 1987.
Ms Lewis also sold a five-bedroom home at 18 Parsley Rd, owned by the Greenough family, for $9 million pre-auction.
LJ Hooker Double Bay’s Bill Malouf reports he’s getting good interest in a luxury five-bedroom home at 26-27 Olola Ave — with heated in-ground pool — on 2,268sqm. It has a price guide of $16.5 million to $17.3 million. Clint Ballard of Ballard Property shares the listing.

26 Olola Ave, Vaucluse has grand living areas

Property records show it’s in the name of Ian McLeod, partner of Reddam House founder Graeme Crawford, who bought it for $11.75 million in 2012.
He’s also got similar levels of interest in a five-bedroom home on1,328sqm block at 10 Fitzwilliam Rd and another at 42 Coolong Rd on 975sqm.
“Vaucluse seems to be doing quite well” Mr Malouf said.

18 Parsley Rd, Vaucluse, sold for $9 million pre-auction

Meanwhile, the five-bedroom waterfront on a 1400sqm block at 70 Wentworth Rd — owned by Anywhere Travel managing director Barbara Whitten and her husband, lawyer Ray Whitten, has returned to the market in an expressons of interest campaign through Alison Coopes, ending November 8. Ms Coopes was unavailable for comment, but sources said there are hopes of $33 million.
The north-facing property has a deep waterfront jetty.
Last month, Mark Michalowsky, the Australian director of the Tokyo-listed giant Taiyo Nippon Sanso Corporation, bought a waterfront at 34 The Crescent for $28.5 million through James McCowan of Sydney Sothebys International.

70 Wentworth Ave, Vaucluse has been re-listed through Alison Coopes.

Raine and Horne Double Bay’s Martin Maskin this week scored the highly anticipated listing of the now redundant home of Mr Michalowsky and his wife, Roleen, at nearby 6 Burrabirra Avenue.
Mr Michalowsky sold his industrial gas business, Supagas, for more than $300 million to the huge Japanese outfit two years ago.

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