It not only tops the lower north shore’s $25 million high but the northern beaches high set by Cannon-Brookes last year when he bought Jennifer Hawkins’ Newport home for $24.5 million.
The $25m doer-upper
Chrissy and Victor Comino have bought a half-built shell on the Watsons Bay beachfront.
Businessman Victor Comino and his wife, Chrissy, have followed up their recent $48 million purchase of Southern Highlands property Sutherland Park from the family of the late Sir William and Lady Tyree by buying a doer-upper on the Watsons Bay beachfront for about $25 million.
This is the house long owned by Gee Teong Low, the son of late developer and hotelier Tan Sri Low Yow Chuan, who was long known as the “father of tourism” in Malaysia.
The Cove Street house – bought in 1993 for $1.8 million – is flanked on either side by houses owned by Low’s siblings, Low Gee Tat and Low Su Ming, and remains half-built after the council approved a rebuild of the property in 2018.
Cashed-up Angelis buys into Rose Bay
Barry Humphries sold Rose Bay mansion Villa Florida in 1991 for $2.52 million.
Jim Angelis, the founder of Australia’s largest privately owned insurance broker, Coverforce, has joined the ranks of Sydney’s trophy-home owners by buying landmark Rose Bay waterfront residence Villa Florida.
The sale price remains undisclosed by BlackDiamondz’s Monika Tu, but she had maintained a $45 million asking price since last year on behalf of veteran stockbroker Brent Potts and his wife, Pauline, who are moving to their newly bought $25 million downsizer spread in Darling Point.
Angelis’ new home is the 1928-built residence that was previously owned by Barry Humphries in the late 1980s and was sold to the Potts clan in 2000 for $9 million by mining industry businessman Jack Horseman.
Angelis’ home upgrade – he owns a contemporary residence he built in Vaucluse on a property bought for $4.9 million in 2009 – comes just a few months after Coverforce was bought out by fellow broker Steadfast for $411 million. The sale no doubt lined Angelis’ pockets considerably, given he was one of the company’s largest shareholders.
This story first appeared at Domain.
— domain.com.au
