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Trophy home shoppers look to be somewhat starved of options when it comes to ultra-luxurious housing for sale on official property websites, but one private database invited buyers to check out the Dan family’s beachfront estate in Rose Bay this week.
Industry sources say about $85 million is the anticipated asking price; which sold at that level would rank it the fourth most expensive house in the country.
The Dan family’s beachfront estate in Rose Bay is set across three titles totalling 3000 square metres.Credit: Forbes Global Properties
For the past 40 years, the sprawling beachfront property has been owned by Adrienne Dan, whose husband is the renowned neurosurgeon Professor Noel Dan, whose epidemiological study of head injuries was instrumental in the introduction of random breath testing to NSW in 1982.
Forbes Global Properties’ Ken Jacobs said that it is a discreet offering only, and declined to offer any further details.
Despite the asking price, it sounds like a renovation might be in order given it is described as an “extremely rare landholding of more than 3000 square metres” that offers scope to create “a significant compound unencumbered by heritage restrictions”.
The Rose Bay estate includes what was formerly a tennis court and a beachfront pool set behind a Federation house.Credit: Forbes Global Properties
Not included in the deal, however, is a Federation house next door, fronting the street, owned by another member of the Dan family since 1986.
In 2017, soon after the national house price was reset at $71 million, the Dan family briefly considered selling thanks to numerous approaches, but never did so. Since then, the house price record has been reset by Atlassian co-chief executives Mike Cannon-Brookes and Scott Farquhar at $100 million and $130 million, respectively.
Auctioneer Dorothy Rosewell sold the Rose Bay property for John Singleton in 1979 for $840,000.Credit: Paul Stephen Pearson
When the Dans purchased the property 40 years ago for $1.03 million, the mortgagee-in-possession sale ended the property’s notorious ownership by Suzi Lockyer, wife of high-profile tax fraud rogue Donald Lockyer.
Maggi Eckardt and John Singleton pictured in 1981.Credit: Ross Anthony Willis
Donald was a multimillionaire and thrice-bankrupt accountant who became known for what the Costigan royal commissioned described as his bottom-of-the-harbour scheme that siphoned off millions of tax dollars.
Lockyer pleaded guilty to a charge of conspiracy to defraud the Commonwealth and in 1986 was sentenced to two years and eight months’ jail, by which time Suzi had fled for the United States, leaving behind a Rolls Royce, two Bentleys, a yacht called Suzi and a pet tarantula.
Before the Lockyers, the beachfront house was owned by businessman John Singleton, who paid $418,000 in 1976 and lived there with his second wife, the late model Maggi Eckardt.
The Rose Bay house of the Dan family has been subject to multiple approaches to sell since 2017.Credit: Nick Moir
When Singleton listed it for auction in 1979 he told The Sun-Herald that if it didn’t sell for $900,000 he would rent it out instead for $1500 a week.
A portrait of Suzi Lockyer by artist Judy Cassab. Credit: Fairfax Media
It sold for $840,000, complete with 34 metres of beach frontage, a tennis court, pool, “maid’s quarters” and a main bedroom with a dove-patterned canopy ceiling.
Canva’s chief financial officer Damien Singh knows how to turn $12 million into $13.5 million, and we’re not talking in terms of profit share from Australia’s largest private tech company. Property remains Sydney’s big moneymaker.
The Victorian terrace in Paddington last traded in 2021 for what was then a suburb high of $12 million.Credit: Domain
In 2021, Singh and Alexandra Pack set a Paddington house price record when they bought the terrace of outgoing Sydney Airport chief executive Geoff Culbert and his wife Emma Ward for $12 million – $1 million more than the guide of The Agency’s Ben Collier.
Damien Singh is chief financial officer at Canva.Credit: LinkedIn
Two years later – to the week – they have sold it for a $1.5 million gain, no improvements necessary.
The house was due to go under the hammer on Saturday through Collier, but the purchase price was clearly high enough to cancel that show.
The sale won’t claim the suburb’s top result, however. That now stands at $20 million thanks to the recent penthouse purchase by environmentalist Geoff Cousins and his wife, writer Darleen Bungey.
The Bellevue Hill designer residence of pastoralists Robert and Camilla Cropper has sold in an off-market deal for about $40 million through Sotheby’s Michael Pallier.
The former Federation house has been rebuilt to a design by architect Luigi Rosselli since it last traded in 2014 for $5.64 million when sold by Suzanne and Andrew Binetter, former chief of Nudie Juice.
The result puts Kambala Road on the prestige map locally. The last sale on the street was the house next door for $61.5 million to freight boss Arthur Tzaneros.
Acclaimed playwright David Williamson and his wife Kristin have offered a hefty discount on last year’s $15 million to $16.5 million hopes for their home on Queensland’s Sunshine Beach.
The first new play from theatre legend David Williamson since 2020 will premiere at Ensemble Theatre in 2024.Credit: Robert Catto
The couple pocketed $10.85 million for the house, Aeolus, after it was sold by their son, actor-turned-selling agent Rory Williamson. For perspective, they purchased it in 1998 for $1.9 million.
Williamson, whose latest play The Great Divide leads the Ensemble Theatre’s 2024 season, looks to be staying on the Sunshine Coast given the couple’s purchase last year of a $1.06 million duplex in Noosa and a house in Tewantin for $932,000.
David Williamson has sold his home on Queensland’s Sunshine Beach for $10.85 million.Credit: Domain
The buyers are architect Sarah Foletta and Hamish Foletta, founder of the Sarto Advisory investment firm, who are coming from Bronte where in May they sold through PPD’s Alexander Phillips for $9.2 million to UBS managing director Andrew Buchanan and his wife, Media Mentor founder Heidi Buchanan.
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