The son of Westfield co-founder Sir Frank Lowy has been dwelling in New York with psychotherapist spouse Dr Margo Lowy lately, leaving his Sydney pile all however redundant.
The couple purchased the waterfront property in 1985 for about $2 million, commissioning a pavilion-style residence with gymnasium, pool and music studio – as befits a one-time member of The Angels rock band.
The property was first on supply for lease quickly after worldwide borders had been closed due to COVID-19, on the time for $20,000 per week.
Inflation within the two years since has seen the hire rise by $10,000 per week.
Aspiring renters ought to contact Ray White Double Bay’s Jamie McCarthy and Michael Krimotat.
Bling meets modernism
The modernist Clontarf trophy residence Portovenere set a suburb excessive when it final bought in 2016 for $11 million. You’ll must dig a bit deeper this time round, given hopes of $35 million to $38 million from Madina Tao and Mongkol Phara, of Cambodia’s ruling families.
The landmark home dates again to 1961 when it was constructed for the late arts patron and Transfield co-founder Franco Belgiorno-Nettis and his spouse Amina, and bought a yr after her dying in 2015.
Black Diamondz agent Monika Tu stated the information was primarily based on a lavish makeover of current years that concerned gutting the unique home and refitting the interiors with opulent Fendi, Versace and Cavalli finishes, and a floorplan that features seven bedrooms, a day spa, residence theatre, gymnasium, cellar and cheese room.
The beachfront residence with a pool and half basketball court docket returns to the market given the household’s plans to return to dwell in Europe.
Darling Point’s new value is true
Sandy En Xin Jan is finest recognized amongst property watchers for purchasing the Kurraba Point mansion Glencairn for $16.5 million from Business Council of Australia president Grant King.
Six years later and she or he has paid virtually as a lot for an condominium in Darling Point, albeit one just lately redesigned with Burley Katon Halliday interiors.
Settlement (with no mortgage) revealed the $16.2 million sale determine to Jan’s company pursuits after the property was listed by Highland Property’s William Manning, initially with $18 million hopes.
It was little doubt a well-timed deal for property developer Robert Pagliuso and his spouse Leify, given they purchased it a yr in the past for $11.15 million from former Qantas boss Geoff Dixon and his spouse Dawn.
Jan’s buy comes as she pockets $7.75 million for a home close to Mosman’s Chinamans Beach bought by Monika Tu to Smartwin senior government Yujuan Bo.
Also on the market is Jan’s penthouse atop the Hordern Towers within the CBD for greater than $7 million by Tu’s Black Diamondz.