21 Gladswood Gardens, Double Bay has just sold for $ 20 million.
A historic mansion on the water on the Waterkant in Double Bay exchanged $ 22 million more than a year ago, but the sale fell on … Now a new deal has just been done for $ 20 million for another buyer.
The five-bedroom estate on a block of 978m² to 21 Gladswood Gardens, the coach house of the Gladswood estate, is owned by the Macmahon family since it was purchased for $ 782,000 in 1983.
The sticker sold went up last May, and sources say that the expat buyer could not sell their property in Hong Kong at the time, so it was not possible.
Feed the agent of Cohen Handler buyer, Tom Penfold, who scooped it up for his Lady customer of the eastern suburbs of $ 2 million less than the original agreed price.
MORE:
Redfern House doubles in value after Reno
![](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
The Sandstone house was once the coach house for the Gladswood estate.
It is a block of 978m² on the water.
The Lady buyer of the eastern suburbs is planning a Reno, but will “not go crazy”.
“A waterfront in Double Bay for $ 20 million – it’s a beautiful old sandstone building,” said Penfold.
“My client immediately fell in love with it and we secured it very quickly.
“She likes the rawness and potential.”
He says she will do a sympathetic Reno – “she’s not going to go crazy” – and move.
The Double Bay case reflects another one in Vaucluse with one of the characteristics of several millionaire William Wu Investmentsepetersiek.
31 Vaucluse RD, Vaucluse was owned by multi -millionaire William Wu.
It exchanged for around $ 24 million last year.
But the deal fell on and it is now being sold for $ 3 million less.
The 32-year-old investor and his real estate developer Mother Jing Wang gathered a $ 100 million portfolio of houses from Bellevue Hill to Vaucluse in 2021, including a six-bedroom mansion and seven bathrooms with eight-car garage on 31 Vaucluse RD, Vaucluse for $ 13.32m.
The house, on a block of 879 m² and with a sweeping iconic view, went for sale with a $ 23.8 million guide in 2023 and later exchanged around $ 24 million.
But local sources say that the deal also passed through.
This is just exchanged again via Bradfield Badgerfox Double Bay Agents Alexander George and Peter Leipnik for about $ 21 million for a local buyer.
MORE:
Grand prize for Nicole Kidman House
#Double #Bay #Waterfront #Sale #falls #sells #million #realestate.com.au