A stunning harbourside palace in one of Sydney’s most affluent suburbs has sold for a staggering $67 million – but it’s still only the third most expensive sale in the area.
The six-bedroom Vaucluse mansion, named Phoenix Acres, is owned by Singaporean tycoon Chio Kiat Ow and was snapped up for the fortune just eight weeks after going on the market.
It was originally listed at $71 million, above the $70 million James Packer received for selling his property, La Mer, in the same suburb and matching the current record paid for a Point Piper estate, named Elaine, in 2015.
A stunning harbourside palace in one of Sydney’s most affluent suburbs has sold for a staggering $67 million – but it’s still only the third most expensive sale in the area
The six-bedroom Vaucluse mansion, named Phoenix Acres, is owned by Singaporean tycoon Chio Kiat Ow and was snapped up for the fortune just eight weeks after going on the market
The sweeping backyard includes a resort-style pool, spa and change rooms
The huge indoor-outdoor entertaining area includes its own traditional English-style pub
Phoenix Acres has views spanning across the water including the Harbour Bridge and has city skyline views.
It once acted as a public park and ferry terminal, with services running from Vaucluse to Circular Quay. Famed publisher Ezra Norton bought the property in 1966 and transformed it.
The home has a grand entrance with large two-storey pillars and a spiral staircase to welcome guests.
The home has a grand entrance with large two-storey pillars and a spiral staircase to welcome guests
The master suite has a separate study, library and gym, as well as million dollar views of the harbour
It once acted as a public park and ferry terminal, with services running from Vaucluse to Circular Quay. Famed publisher Ezra Norton bought the property in 1966 and transformed it
Phoenix Acres has views spanning across the water including the Harbour Bridge and has city skyline views
The sweeping backyard includes a resort-style pool, spa and 81 metres of water frontage including its own jetty and boathouse.
The huge indoor-outdoor entertaining area includes its own traditional English-style pub, as well as stunning dining and living areas.
The master suite has a separate study, library and gym, as well as million dollar views of the harbour.
The sweeping backyard includes 81 metres of water frontage including its own jetty and boathouse
The stunning living and dining rooms feature high ceilings and fireplaces
There is a tennis court at the front and internal access from the triple lock-up garage
$71 million: The current record paid for a Point Piper estate, named Elaine, in 2015
James Packer received #70 million for selling his property, La Mer, in the same suburb
There is a tennis court at the front, internal access from the triple lock-up garage and fireplaces littered throughout the home.
Agents say they had interest from the United States, China and India, but the home was instead sold to a local family.
The $67 million price tag makes it a record for waterfront properties.
Sydney’s infamous property market has smashed its record year, with the top 20 most expensive homes selling for a combined $600 million in 2017 alone.