Larry Emdur spins his property wheel of fortune again with relisting of his redundant Dover Heights abode

Larry Emdur spins his property wheel of fortune again with relisting of his redundant Dover Heights abode
Jonathan ChancellorMay 8, 2012

Will the price be right this time? Channel 7 star Larry Emdur and his wife, Sylvie, are having another attempt to sell their redundant cliff top Dover Heights residence.

It’s a contemporary house remaining true to its classic P and O-style heritage design by architect Andre Baroukh.

It’s been scheduled for May 30 auction by Emdur, who hosts the Channel 7 Morning Show and from this week The Price is Right, which debuted Monday with a bumper 536,000 audience, dipping to 402,000 on its second night, Tuesday.

Based on the couple’s nearby upgrade purchase of $6.8 million, it had been estimated more than $5 million could be reasonably expected when it went to auction last spring.

Now new listing agents Daniel Baran and Reece Coleman of BHR Estste Agents are saying $4 million plus.

The couple knew on initial listing that there was weakness in the Dover Heights prestige market as their newly acquired residence had previously traded at $7.1 million in 2007. It was initially listed in 2010 with hopes it would sell for more than $8.5 million, but that asking price wasn't right.

The Emdurs bought at Dover Heights in 1994 when they spent $770,000 for a house set on 417 square metres.

Their new abode with dramatic oceanfront cliff-top views over the Pacific came with an infinity pool on its 1,062-square-metre holding.

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.