Among the many off-market listings rumoured to be on offer in Point Piper, one of the worst kept secrets doing the rounds is the home of Ben and Tiffany Tilley set next door to Prime Minister Malcolm Turnbulland his wife Lucy.
Buyers are being asked to cough up $25 million for the townhouse-style digs that was built by the Prime Minister during his brief foray as a property developer.
The Wunulla Road property was originally a waterfront residence known as “Gwandalan” before the Turnbulls were talked into buying it in 1999 for $7.1 million with an eye to claiming the waterfront land and expanding their own holdings next door.
A subdivision soon followed, carving off 600 square metres so the then-Goldman Sachs chairman could lay claim to deep waterfront to his own beachfront holding, with a jetty and boatshed thrown in.
The street-front block was then redesigned by architect Michael Suttor in 2003, and after eight years as an executive rental sold for $13.6 million in 2011 to Tiffany Tilley, wife of James Packer’s old school mate Ben.
Buyers with a spare $25 million have been approached by selling agent Brad Pillinger, of Pillingers, and with some success, according to a well-placed source who said there had been an impressive roll-call of inspections in recent weeks.
Sutton’s $10 million Horizon
Car dealer Neil Sutton has finally sold his sub-penthouse in Darlinghurst’s Horizon building amid speculation the sale price at some $10 million may top the building record.
The whole-floor spread on level 40 of the Harry Seidler-designed landmark has been on the market since 2015 when it was listed with initial $15 million hopes, and revised to $10 million to $12 million more recently with Bill Malouf, of LJ Hooker Double Bay.
Mr Malouf would make no comment after the online ad was withdrawn, leaving the estimated sale price to sources in the building. Settlement will confirm the result.
The Suttons bought it in 2009 for $6.7 million from billionaire property developer Bob Ell.
Fellow billionaire developer Lang Walker sold the penthouse in 2002 for $10 million to professional gambler and MONA gallery owner David Walsh.
Malouf’s sale comes as three buyers circle the Point Piper waterfront home of baker Andrew Connole, founder of the Sonoma sourdough baking company, with one buyer in negotiations.
Known as Bellata, it hit the market a month ago for $18 million, having last traded for $9.7 million in 2001 when sold by architect Harold Finger and his wife Rebecca.
Goodman’s real estate woes
Still with the ultra-wealthy, Anna Goodman, wife of billionaire Greg Goodman, has decided she no longer wants to be a landlord to the well-heeled of Woollahra.
From 2014 to 2016 the wife of the Goodman Group chief bought six investment properties in Woollahra and Paddington for a little more than $14 million (not including two nearby trophy homes for $15 million and $8.1 million as their own).
The investments were promptly renovated and then rented out to the likes of fashion designer Camilla Franks. But with a penchant for the renovation game, rather than the rent-collecting one, Goodman sold two of those houses this week for a total of $5 million.
The Spicer Street terraces were previously owned by Charlotte O’Neil, wife of property developer Denis O’Neil, until sold in late 2015 for $2 million and $1.67 million. McGrath’s Will Manning declined to reveal the sale prices, but is known to have been shopping them around for $2.8 million and $2.2 million.
With two other investments sold earlier this year for $6.2 million and another for $3.7 million in June, that makes more than $14 million into the Goodman coffers this year alone, and there’s still another two houses yet to be sold.