The sold sticker has gone up on yet another Bellevue Hill trophy home, this time belonging to auto repair garage owners and property investors Steve and Carmen Davidson, who listed the property for $38 million just three weeks ago.
While the Tuscan style mansion – once home to the famous Albert music family – was listed via an expression of interest campaign scheduled to close on Monday, a fast-moving buyer secured the property a week out for an undisclosed price, understood to be in the mid-thirty millions.
This Bellevue Hill home is the latest trophy home to sell in the blue-chip eastern suburb of Sydney.
Designed by renowned architect Espie Dodds, the four-level property sits on a 1430 square metre block with views over Sydney Harbour. The mansion comes with a media room complete with stage plus a dedicated music room. Other features include a mosaic-tiled pool with pergola, formal living with library and fireplace and outdoor terraces with domed ceilings.
The quick sale suggests the vendors achieved close to the $38 million guide, which was a near $10 million leap from the $28.5 million the Davidsons paid two years ago, when they purchased the five-bedroom home weeks out from Christmas 2021 from film producer Antoinette Albert.
Selling agent Raine & Horne’s James Nixon – who sold the property alongside Laing and Simmons’ principal D’Leanne Lewis – said he couldn’t discuss the incoming buyers beyond being locals, and confirming the sale price as “close” to the $38 million guide.
“We had really strong enquiry and inspections numbers, so we didn’t even make it to the final day of the EOI,” Mr Nixon said.
The Bellevue Hill home is one of the many grand Sydney properties linked to the Albert family who once owned Elizabeth Bay compound Boomerang, named after the Boomerang mouth organ and songbooks sold in the late 1800s by patriarch, Swiss migrant Jacques Albert.
The Davidson’s just-sold Bellevue Hill home sits on over 1400 square metres in one of the suburb’s best streets.
Outgoing vendors Carmen and Steve Davidson also have a penchant for landmark Sydney properties, having previously lived in Vaucluse’s iconic Macquarie Lighthouse keeper’s cottage before selling the long-term leasehold for $7.5 million in 2016. The keeper’s cottage recently rejoined the luxury market guiding $12 million.
Before buying in Bellevue Hill, the Davidsons reportedly sold their Vaucluse mansion for over $35 million within days, three years after picking it up for less than half the price at $17 million.
Along with prestige property, the Davidsons also own a string of valuable commercial and residential property on and around Oxford Street in nearby Bondi Junction, which includes the site for Mr Davidson’s mechanics business.
The speedy Bellevue Hill sale is the latest in a bull run of trophy trades in the blue-chip postcode, starting from the year’s most expensive sale of 1890 built Federation mansion Leura for $76 million purchased by flower wholesaler Leo Lynch.
Around the same time, Mr Lynch offloaded his Kambala Road abode for $61.5 million to freight boss Arthur Tzaneros, which was followed by the circa $40 million September sale of Hunter Valley farmers Camilla and Rob Cropper’s Sydney base on the same street. Most recently, Jennifer Hershon – widow of late lingerie boss Michael Hershon – sold her Victoria Road property for $30 million, after just two days on the market.
The unidentified incoming buyer of the Davidson’s home – understood to be represented by Cohen Handler buyer’s agent, Simon Cohen – will join current high-profile landholders in the exclusive harbour-view enclave between Victoria and Ginahgulla Roads.
These include fund manager Paul Longmuir, property moguls Jacqui and Richard Scheinberg, Morgan Stanley CEO Richard Wagner and childcare boss and GWS deputy chairman Adrian Fonseca and his wife, Nancy. The Fonsecas recently paid $15.58 million for a second adjoining property which sources say they intend to amalgamate into one luxury compound.
Follow the topics, people and companies that matter to you.
Fetching latest articles
The Daily Habit of Successful People
02 8005 6525
info@aktengineering.com.au
Recent Comments