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Fintech entrepreneur David Lavecky and his wife Carina didn’t secure the bullish $25 million hopes for their North Bondi home when it sold this week, but the result still sees them with a handsome capital gain.
The sale price landed between $16 million and $17 million through Raine & Horne’s Ric Serrao, which is three times what they paid for it a decade ago.
The five-bedroom home of Carina and David Lavecky is set on 477 square metres on the Ben Buckler headland.
Lavecky and his brother Daniel Lavecky were among the eastern suburbs’ early entrants to the fintech sector in 1997 when they founded an e-commerce start-up called Pure Commerce, only to sell it to Euronet Worldwide in 2013 in what was billed by the company at the time as “one of the largest financial technology sales in Australian history”.
The financial windfall from the deal remains undisclosed, but it likely helped fund Lavecky’s purchase of the three-level house in North Bondi for $5.4 million from Bell Potter Securities director James Unger.
David Lavecky is chief executive and co-founder of global blockchain company Canvas.Credit: LinkedIn
Lavecky, chief of global blockchain company Canvas, is a few doors up the road from the clifftop hole in the ground owned by fellow fintech boss and Moriah College alumni Nick Molnar, of Afterpay fame.
Finance entrepreneur Simon Tripp and his wife Brenda sold their Duffys Forest equestrian estate Jabilusa this week for about $14.5 million, setting a suburb high in the process.
It’s not the $20 million hopes of 2012 when the Tripps first listed it. They had plans to move to the historic Fernhill estate in Mulgoa, but lucky for them Jabilusa never sold because the Fernhill tree change never eventuated either. Fernhill was instead sold to the state government for $27.25 million in 2018 to become a cemetery.
Jabilusa is a luxury equestrian estate set on a consolidation of three properties by Simon and Brenda Tripp.Credit: Domain
There is a sea change in the pipeline for the Tripps, however, to the Whale Beach house they purchased in 2018 for $5.3 million. In what turns out to be another lucky break for the Tripps, there was an off-market bid to sell Jabilusa in 2020 for $9.5 million that never transacted.
The serious business of selling was kicked off in June by Christie’s Darren Curtis and Sydney Country Living’s Shayne Hutton with a $14 million to $15 million guide for the six-bedroom residence on two hectares with floodlit arena, tennis court, gymnasium, pool and separate guest house.
Jabilusa is a two-hectare estate that was briefly offered to buyers in 2012 for $20 million, but never sold.Credit: Domain
The result remains undisclosed, but it landed far enough inside the range to beat the $14.375 million high set in 2021 by Tripp’s former fellow board member of global technology company Cenntro Automotive Justin Davis-Rice.
The Bellevue Hill home of James Hodgman and Nikki Crebar last traded in 2014 for $3 million.Credit: Domain
There is perhaps no surprise to see the Bellevue Hill house owned by former Citi executive James Hodgman and his estranged wife Nikki Crebar hit the market on Thursday ahead of an October 18 auction.
Nikki Crebar is a director of events and production company The Event Group.Credit: Janie Barrett
To recap for those who haven’t been following the love lives of the eastern suburbs set, Hodgman and Crebar, a director of The Event Group, split about 18 months ago, and Hodgman then took up with socialite Hollie Nasser for a time, who at the time had recently had an affair with Charlie Aitken following the break-up of her marriage to millionaire investor Chris Nasser.
Hodgman and Crebar both have caveats lodged on title by their respective financiers, and Laing + Simmons Double Bay’s D’Leanne Lewis is telling buyers a guide of $10 million to $11 million.
The six-bedroom house with a pool last traded in 2014 for $3 million.
In Longueville, the waterfront home of yachtie Rob Drury and his wife Maree has sold for what local sources say is more than $18 million.
The Longueville waterfront home of Rob and Maree Drury has sold for more than $18 million.Credit: Domain
There’s a bit of bull market underway in the harbourside enclave thanks the recent $19.25 million purchase by former gold mining boss Gervaise Heddle, and the sale of Wigram for just shy of that by Macquarie Group’s Phil Coffey.
McGrath’s Sam Lloyd and Tracey Dixon could not be talked into disclosing the result, but records show the five-bedroom house with boat shed and beach pool last traded in 2004 for $4.2 million.
At the time they bought it the Drurys were coming from Mosman where in 1993 they purchased Chalwin Castle, only to demolish it, rebuild and sell the waterfront house for $10 million a decade ago to move to Longueville.
The Bronte home of Merrick and Barbara Howes was designed by PMDL Architects and built by Sandlik Constructions.Credit: Domain
Deal maker Merrick Howes, the former Anchorage Capital executive-turned-founder of Aviron Investment Management, and his wife Barbara have listed their Bronte home for an October 14 auction amid what looks like a permanent tree change.
Dealmaker Merrick Howes is set for a Blue Mountains tree change.Credit: Renee Nowytarger
For the past 20 years the couple have owned the historic Withycombe residence in the Blue Mountains that was built in the late 1870s for pastoralist George Henry Cox and in the 1920s was home to acclaimed writer Patrick White when owned by his parents Ruth and Victor White.
There is no guide on offer for the Bronte house by PPD’s Alexander Phillips, but buyers would be looking to the $18.75 million paid late last year by Bennelong Australian Equity Partners chief investment officer Mark East, or even the $25 million sale in 2021 by investment banker and cattleman Keith Kerridge.
The Howes family have owned the Bronte parkside house since 1999 when it sold for $1.45 million, and was rebuilt since by PMDL Architects.
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