Why is one of Sydney’s most desirable homes still unsold?

A clifftop mansion with sweeping ocean views and a stunning interior has been on the market for almost a year but is still unsold.

The home in Sydney’s exclusive Dover Heights is owned by Dr Steven Wang, who says he has not given up hope of making a festive season sale.

Dr Wang has made a video to help make his Christmas wish come true, giving potential buyers a walking tour of the palatial property.

 

A clifftop mansion (pictured) with sweeping ocean views and a stunning interior has been on the market for almost a year but is still unsold

The home in Sydney's exclusive Dover Heights is owned by Dr Steven Wang, who says he has not given up hope of making a festive season sale (pictured is the rooftop terrace)

The home in Sydney’s exclusive Dover Heights is owned by Dr Steven Wang, who says he has not given up hope of making a festive season sale (pictured is the rooftop terrace)

Dr Wang has made a video to help make his Christmas wish come true, giving potential buyers a walking tour of the palatial property (pictured is one of the living rooms)

Dr Wang has made a video to help make his Christmas wish come true, giving potential buyers a walking tour of the palatial property (pictured is one of the living rooms)

The multi-million dollar mansion is spread over three levels, with four opulent bedrooms (pictured) and a rooftop terrace

The multi-million dollar mansion is spread over three levels, with four opulent bedrooms (pictured) and a rooftop terrace

The multi-million dollar mansion is spread over three levels, with four opulent bedrooms and a rooftop terrace, Realestate.com.au reported.

Set on a 531 square metre block, the home at 4 George Street faces north and has panoramic views towards Diamond Bay and Macquarie Lighthouse.

‘I hope I can sell my home before Christmas,’ said Dr Wang, mentioning curtains imported from England and ceiling domes from China.

‘This living room is very romantic at night, night time is beautiful, you can change the lights to seven different colours,’ he said, referring to lights lining the ceiling’s edge.

The home is at the end of a cul-de-sac and has a northerly aspect, and is built over three levels

The home is at the end of a cul-de-sac and has a northerly aspect, and is built over three levels

Set on a 531 square metre block, the home at 4 George Street faces north and has panoramic views towards Diamond Bay and Macquarie Lighthouse

Set on a 531 square metre block, the home at 4 George Street faces north and has panoramic views towards Diamond Bay and Macquarie Lighthouse

The home is located right on the edge of the cliffs in the suburb of Dover Heights in Sydney

The home is located right on the edge of the cliffs in the suburb of Dover Heights in Sydney

The famous coastal walk that runs along the ocean in Sydney's east runs past the property

The famous coastal walk that runs along the ocean in Sydney’s east runs past the property

The property has views over the ocean (pictured) and is a short walk from Watsons Bay

The property has views over the ocean (pictured) and is a short walk from Watsons Bay

Dr Wang is selling the house as he plans to start a medical practice in Cabramatta, in Sydney’s west.

All four of the expansive bedrooms contains built-in wardrobes, and two have ensuites, bringing the total number of bathrooms to four.

The property has its own home theatre, a modern kitchen, and two large living rooms with views of the ocean.

There is plenty of storage space, a basement, and a garden and courtyard, as well as parking spaces for five cars.

The rooftop terrace is perfect for outdoor entertaining, and has panoramic ocean views

The rooftop terrace is perfect for outdoor entertaining, and has panoramic ocean views

There is plenty of storage space, a basement, and a garden and courtyard (pictured), as well as parking spaces for five cars

There is plenty of storage space, a basement, and a garden and courtyard (pictured), as well as parking spaces for five cars

The property has its own home theatre, a modern kitchen, and two large living rooms (pictured) with views of the ocean

The property has its own home theatre, a modern kitchen, and two large living rooms (pictured) with views of the ocean

The home's tastefully decorated modern kitchen (pictured) is newly renovated and fully equipped

The home’s tastefully decorated modern kitchen (pictured) is newly renovated and fully equipped

Dr Wang said the four ceiling domes (pictured) in the house have been imported from China

Dr Wang said the four ceiling domes (pictured) in the house have been imported from China

The cafes and boutiques of Watsons Bay and Rose Bay are a short stroll away, and iconic Bondi Beach is just around the corner.

Dr Wang bought the home for $4.2million in 2015, but is looking to make a healthy profit.

‘We hope we can get more than $6 million,’ he said.

According to Core Logic the median house price in Dover Heights is $4.062million, but this property’s views are likely to boost its selling price well above average.

This bathroom has its very own sauna, one of four bathrooms located throughout the house

This bathroom has its very own sauna, one of four bathrooms located throughout the house

The house is newly renovated, with each bathroom (pictured) tastefully decorated and designed

The house is newly renovated, with each bathroom (pictured) tastefully decorated and designed

The bedrooms feature large windows allowing in plenty of natural light and views of the ocean

The bedrooms feature large windows allowing in plenty of natural light and views of the ocean

A cinema room is another highlight of the George Street mansion, with large armchairs in front of the screen

A cinema room is another highlight of the George Street mansion, with large armchairs in front of the screen

There is room for five cars in the garage, which now features a pool table and has its own bathroom

There is room for five cars in the garage, which now features a pool table and has its own bathroom

 



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