It was first built in 1882 and is rare example of a stately residence from a bygone Sydney era. FAIRWATER is tipped to become Australia’s most expensive property amid expectations it could be sold for more than $100 million.

[1] The owner of this luxury home with tennis court and pool had expectations of about $12 million last year, but has since revised his hopes and the new agent, Dion Markovics, of Laing + Simmons, says it's attracting strong interest. Elaine is a truly magnificent property, retaining the basics that made the house so appealing when it was built almost 150 years ago: its proximity to the CBD; facing due north, in a sheltered bay and a gentle slope down to the water. "The significance is much broader than just the buildings, it relates to the house, ground and interiors," Allan Coker, director of planning and development for the council says.

The property also has level lawns and wide terraces. Certainly there are hints of grandeur in the foyer and particularly its ballroom, with its gorgeous window seat overlooking the tennis court and harbour; the scene of many glamorous parties. Mr Cannon-Brookes will become neighbour of Scott Farquhar, business partner and co-founder of Atlassian, who bought Elaine last year for $71 million. Bellevue Hill Hollywood mansion of Squareknot exec Michael Seder and wife Kim has $11m guide. More recently, the Andrew Banks property on Wolseley Road was made an offer of $50 million, which was declined. In an ideal world, a buyer would purchase the whole package on the 6986 square metre block – extremely rare on the harbour front – the old seven-bedroom, five-bathroom home with its development approval for a major overhaul of the old house, keep its beautiful harbour-front garden and complete the renovation of the stables for guests. ", Sign up to our new weekly Inside Property newsletter, Help using this website - Accessibility statement, the $80 million Fairfax mansion in Point Piper, Melbourne Rich Lister hoping to become Hollywood 'Grandmaster', HomeBuilder boost not enough as new housing approvals fall, Star casino CEO joins the groovers of Newtown for a record $5.8m, Mortgage deferrals loom large in pandemic-hit Melbourne, Tech entrepreneur splurges $40m on property in four months, The property CEO happy for his people to work from home, John Holland tests the limits of working from home, Commercial investment halves as investors shun retail, Institutional capital says smaller is beautiful for malls in pandemic, How corporate Australia clawed back its power in 2020, The 10 most powerful people in Australian business in 2020. 3/10 Wentworth Street $14m-$15 million Expressions of interest ​Michael Pallier Sotheby's 0417 371 522; Julian Hasemer 1st City Real Estate 0412 207 206, There are uninterrupted harbour views to the Harbour Bridge and Opera House from this apartment – one of four – in the Susan and Gary Rothwell-designed Wentworth building, completed in 1990. It is being listed without a price guide, but Fairwater — a glistening estate owned by the late Lady Mary Fairfax — is on the market, and likely to smash Australian property records. The entry level, too, is impressive enough, with its foyer and living rooms with timber panelling and parquetry floors, as is the big chunky timber staircase leading up to the bedrooms. Fairwater was bought by Tech billionaire (Atlassian co-founder and Co-CEO (Pike, 2020) Mike Cannon-Brookes for $100m in September 2019. LUCY MACKEN, Prestige property reporter for Domain, has just reported today, SEP 27, 2018 an exclusive story about the sale of Fairwater, Point Piper, or as the NSW Heritage Register points out, Fairwater's address is actually 560 New South Head Road, Double Bay, NSW 2028, taking it … area: Woollahra: Local Aboriginal Land Council: La Perouse: Property description. News Corp Australia . It was designed by John Horbury Hunt (1882) and J. W. Manson (c. 1910–11) and built from 1882 to 1970. 117-119 O'Sullivan Road $8m to $8.5 million 5 bedrooms, 4 bathrooms, 4 car spaces For sale Dion Markovics Laing + Simmons Double Bay 0407 667 037.