A waterfront mansion on Sydney’s North Shore has smashed local property records, after being snapped up by Sydney Swans chief executive Andrew Pridham.
Going under the hammer for a cool $25million, the six-bedroom, nine-bathroom home in Mosman’s exclusive Golden Triangle is the most expensive home ever to be sold in the area.
But Mr Pridham doesn’t even plan to live in it – not yet anyway.
A waterfront mansion on Sydney’s North Shore has smashed local property records, going under the hammer for a cool $25million
The six-bedroom, nine-bathroom home was snapped up by Sydney Swans CEO Andrew Pridham
Despite being out of reach for most, the home’s eventual price tag is a proportional bargain compared to the original $40million asked for in 2014
Mr Pridham and his wife Carolyn do not plan to live in their new record-breaking purchase – not yet anyway
Andrew Pridham (pictured) is the CEO of the Sydney Swans AFL club and also works as an investment banker
Instead, the investment banker and his wife Carolyn will remain at their current house in nearby Clifton Gardens as they decide whether or not to subdivide their new purchase, which conveniently sits on two titles.
Set on a spacious 2,400sqm parcel of land, the home has its own boatshed and ramp, heated swimming pool and championship-sized tennis court.
The three-level residence also boasts four formal and informal living areas, a media room and bar, a 90sqm master suite, internal lift, cellar and a commercial-grade kitchen.
It also features wraparound water views stretching from Middle Harbour and towards Clontarf.
Despite its seemingly unmatched facilities, the property was not an easy sell, remaining on the market for more than four years.
Mr and Mrs Pridham will remain at their current house in the nearby suburb of Clifton Gardens for the time being (pictured is the home’s tennis court)
The couple will decide whether or not to subdivide their new purchase, which conveniently sits on two titles
Originally built in the 1970s, the waterside mansion’s prime position in Mosman – an area where the property bubble signs no signs of bursting – was always going to tempt record books
In fact, the eventual price tag is a proportional bargain compared to the original $40million it was advertised for in 2014.
Originally built in the 1970s, the waterside mansion’s prime position in Mosman – an area where the property bubble signs no signs of bursting – was always going to tempt record books.
Situated just eight kilometres north of the CBD, the neighbourhood has long been a favourite for well-heeled buyers due to its boutique shopping strip, seemingly endless water views and proximity to some of Australia’s best schools.
Inside the opulence continues with the three-level residence boasting four formal and informal living areas, a media room and bar and billiards room (pictured)
Mosman is one of Australia’s most exclusive suburbs and currently boasts a median houses price of $4million – more than seven times the national average
The sale of the aptly named ‘Hopetoun’ property marks the third time Mosman’s price record has been broken in less than two years.
A nearby home owned by former Foxtel CEO Richard Freudenstein and his wife, Jane, recently went under the hammer for $23million.
Mosman is one of Australia’s most exclusive suburbs and currently boasts a median houses price of $4million – more than seven times the national average.