Challenging the trend of compact living, <a href="https://www.apartments.com.au/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne-vic-3205">The Eighth</a> delivers true house-like scale in a vertical format.

Positioned on the penultimate level of The Eighth, a newly completed development by <a href="https://www.apartments.com.au/developers/crema-group">Projects by Crema</a>, the sub-penthouse offers more than just generous dimensions, it redefines what sub-penthouse living can look like in Melbourne’s Domain Precinct.

At 256 sqm, this residence exceeds the scale of most new apartments on the market. It provides the proportions of a freestanding home - three bedrooms, three bathrooms, a study, walk-in laundry, and a separate retreat - all within the security and convenience of a high-end vertical community.

[smartcode_project:default project_id=5345 project_image_fid=354144]

Its elevated corner position allows for uninterrupted, 270-degree views across the city skyline, Albert Park and the Botanic Garden, an outlook increasingly difficult to replicate in denser urban pockets. Full-height glazing frames these views throughout the home, anchoring each room to its setting.

Designed by Miriam Fanning of <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a>, the interiors prioritise durability and spatial clarity. Stone benchtops, cove lighting, custom joinery and a fireplace enrich the central living areas.&nbsp;

[smartcode_project:default project_id=5345 project_image_fid=354159]

A Gaggenau kitchen with integrated Liebherr refrigeration and a full butler’s pantry supports serious home cooking and entertaining, while a wine cellar and media room add versatility.

Each bedroom features a tiled ensuite and bespoke robes, with the main suite offering privacy and corner views. Private lift access, ducted air conditioning, three side-by-side car parks and ample storage round out the functional offering.

[smartcode_project:default project_id=5345 project_image_fid=354160]

Residents of The Eighth benefit from a cohesive lifestyle ecosystem. A rooftop pool and BBQ terrace, wellness facilities at EQ, and an Italian café downstairs all contribute to a vertically integrated community - balancing amenity with calm, day-to-day usability.

Located just off St Kilda Road and moments from ANZAC Station and The Tan, The Eighth provides immediate access to transport, green space and cultural institutions, while remaining quietly removed from the city’s pace.

[smartcode_project:default project_id=5345 project_image_fid=354141]

Importantly, the building is complete. With just 36 apartments across 18 levels, The Eighth offers long-term privacy, minimal turnover, and immediate move-in certainty.&nbsp;

The sub-penthouse stands as one of the final, and most compelling, opportunities within this now-established address.

Taylor Dow of <a href="https://www.apartments.com.au/project-marketer/dow-real-estate">DOW Real Estate</a> is the exclusive selling agent for the sub-penthouse, and the remaining few apartments in The Eighth.

[smartcode_project_cta:default project_id=5345]

Staff Writer

A rare South Melbourne sub-penthouse with room to move

Just weeks after launching to their latest new Melbourne apartment development to the market, national apartment developer&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has secured the sale of its sub-penthouse.

A local downsizer has spent $6.25 million on a sub-penthouse in The Parker, just 24 apartments on the the doorstep of Caulfield Park. The sale equated to $23,000 per sqm.

The buyer was drawn to the&nbsp;park-fronted lifestyle and panoramic city and bay views.

&nbsp;

[smartcode_project:default project_id=145454 project_image_fid=352395]

“The first sale at $6.25 million completely vindicated our decision to acquire the site and reimagine it for owner-occupiers,” said Andrew Leoncelli, Managing Director of Abadeen.

“We took what was originally conceived as a smaller apartment product and transformed it into something exceptional — larger homes of enduring quality and understated luxury.”

&nbsp;

[smartcode_project:default project_id=145454 project_image_fid=352397]

<a href="https://www.apartments.com.au/new-apartments/the-parker-on-caulfield-park-219-balaclava-road-caulfield-north-vic-3161">The Parker</a>&nbsp;has been designed by&nbsp;award-winning architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/powell-glenn">Powell &amp; Glenn</a> and will be enveloped in landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>. It was the position within the context to the park that drove the design of the building, with 70 per cent of the apartments overlook the 28-hectare space complete with&nbsp;walking trails, ovals, and playgrounds.

“Caulfield Park isn’t a typical recreational space, it has a generosity and nuance in its layering of trees and light,” said Ed Glenn, Principal at Powell &amp; Glenn.

“Our aim was to create a building that feels grounded and connected, with spaces that open to the park and unfold with light. The architecture provides a sense of refuge and prospect, balancing intimate privacy with expansive views."

&nbsp;

[smartcode_project:default project_id=145454 project_image_fid=352400]

The architecture is defined by sculptural columns that flare like tree trunks, cascading greenery by Acre that softens the façade, and interior spaces by Powell &amp; Glenn’s Clementine Jacobs that use stone, timber, and brass finishes designed to age beautifully over time.

“The Parker is about connection where the building meets the park, people meet nature, and elevated design meets everyday life,” said Brett Robinson, Creative Director of Acre.

“We’ve created lush, year-round gardens that drape the building, softening its form and bringing the outdoors in. Every balcony and outdoor space is treated as an intimate ‘room’ framed by planting, texture, and movement. Sustainability is about timelessness; using robust, natural materials and drought-tolerant plantings that endure.”

[smartcode_project:default project_id=145454 project_image_fid=353657]

The Parker is Abadeen's second Melbourne apartment development, following the successful Malea, on Central Park in Malvern, which recently completed its construction.

“The Parker offers something truly unique; design elegance, community connection, and green space at your door,” Leoncelli added.

“It’s the kind of place you dream about, then realise you can actually live in.”

[smartcode_project_cta:default project_id=145454]

Joel Robinson

Abadeen launches The Parker in Caulfield North, secures $6.25 million sub-penthouse sale

It’s been 15 long years since the former Balmain Leagues Club was open to the public. The large 7,330 sqm Victoria Road site had grown progressively more derelict since the doors to the former club shut back in 2010.

Earlier this year, the vertically integrated developer PERIFA, part of the Versatile Group of companies, stepped in and acquired the site, quickly getting to work on construction through its building business Versatile Construction.

PERIFA teamed up with financier Mitsubishi Estate Asia to create <a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a>, a new community heart of the charming inner west suburb. The mixed-use precinct will not only be home to around 150 one-, two-, and three-bedroom apartments, but also feature a fully activated ground plane with extensive hospitality venues and retail spaces.

[smartcode_project:default project_id=8142 project_image_fid=338]

A new club will replace the old Balmain Leagues Club. The public plaza will include a range of new food and hospitality venues, a community art studio, and a retail precinct anchored by a full-line supermarket, a first for the peninsula.

The apartments will be spread across three interconnected buildings designed by Studio SC, with interiors by SJB.

[smartcode_project:default project_id=8142 project_image_fid=335]

Buyers weren’t prepared to wait any longer to purchase. When it was time to start selling the development, PERIFA and SRM Residential had buyers queuing out of the display suite door. They secured over 40 sales on launch, including several high-end three-bedroom apartments with sales reaching up to $6.9 million.

Demand has been driven largely by local owner-occupiers who have had <a href="https://www.apartments.com.au/developments/rozelle-nsw-2039">Rozelle</a><a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039"> Village</a> on their radar for some time, many of them already living in apartments and looking to upgrade without giving up lifestyle, walkability, or views.

[smartcode_project:default project_id=8142 project_image_fid=325]

Perilli, Co-Founder and Managing Director of PERIFA and Versatile Group, said the community has had to put up with a derelict site on their doorstep for too long.

“The Balmain Leagues Club in Rozelle, which closed in 2010 to make way for the NSW Government Metro Transport Project, was once a hub for local families to come together and enjoy entertainment and hospitality. We’re delighted to embark on a new era for the site, together with our partners Mitsubishi Estate Asia,"&nbsp;Perilli said.

"Our shared vision for <a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> is to create a mixed-use precinct that is thoughtfully designed and caters to new residents and the community alike. It will be a major meeting place for the community that embraces the unique character of the Balmain/Rozelle peninsula, while helping to shape its next chapter.”

[smartcode_project:default project_id=8142 project_image_fid=326]

The residential offering will cater to downsizers, families, and local owner-occupiers, with an emphasis on larger floorplans, high-quality finishes, and expansive views across Iron Cove, Sydney Harbour, and the Parramatta River.

Residents will have private access to a rooftop pool, taking in the views, a rooftop yoga lawn, and podium level gardens.

[smartcode_project_cta:default project_id=8142]

From leagues club to lifestyle precint: Inside Rozelle Village 

Roberts Co has entered a new phase of growth following its acquisition by Arada, one of the world’s fastest-growing property developers in Australia.

The acquisition is supported by a $50 million capital injection into Roberts Co’s Australian balance sheet, consisting of the previously announced $25 million recapitalisation and an additional $25 million in new funding from Arada.

This investment strengthens Roberts Co’s financial position, stabilises operations, and provides the foundation for strategic expansion beyond its New South Wales base, with a focus on new opportunities in Queensland, including the Brisbane and Gold Coast regions.

With Arada’s international resources and financial backing, Roberts Co will broaden its portfolio across residential, commercial, and infrastructure sectors, reinforcing its strong market position in New South Wales and setting itself to capture growth in one of Australia’s most dynamic construction markets.

Ahmed Alkhoshaibi, Group CEO of Arada, said Roberts Co has a proud Australian heritage, an outstanding delivery record, and a strong reputation for collaboration with clients and partners.

"By combining this expertise with Arada’s global scale and financial capacity, we are creating a platform for sustained growth in the Australian market,"&nbsp;Alkhoshaibi said.

“Our $50 million capital injection, including new funds from Arada, underlines our commitment to both stabilise and expand Roberts Co’s operations, particularly into the fast-growing Queensland market. We see significant potential in South-East Queensland’s pipeline and are confident Roberts Co is well placed to deliver lasting value for clients and communities.”

George Kostas, CEO of Roberts Co, said Queensland, and particularly South-East Queensland, is one of the most active and opportunity-rich regions in Australia right now.

"The lead-up to the Brisbane 2032 Olympic Games will bring unprecedented investment across housing, transport, and infrastructure. Roberts Co is eager to play a major role in that transformation and secure a meaningful share of this fast-growing market.”

Arada pours more funds into Roberts Co, flags expansion into South East Queensland construction market

<a href="https://www.apartments.com.au/developments/hurstville-nsw-2220">Hurstville</a> has quietly become one of Sydney’s most resilient property markets. Supported by strong transport links, infrastructure investment and a growing multicultural community, the St George hub continues to outperform much of the metropolitan market for both capital and rental returns.

According to Positus Property Investment, Hurstville now ranks among Sydney’s top performers for yield consistency, underpinned by population growth of nearly five per cent since 2021 and persistently low vacancy rates.&nbsp;

Limited new supply is tightening the market further - new dwelling approvals have fallen from close to 600 to under 200 in FY25, a structural shortfall that’s placing upward pressure on rents and resale values.

[smartcode_project:default project_id=149850 project_image_fid=278]

As one of the final residential stages in the Kempt Field precinct anchored by Woolworths, <a href="https://www.apartments.com.au/developers/the-one-collection">The One Collection</a>'s <a href="https://www.apartments.com.au/new-apartments/horizon-hurstville-6-jack-brabham-drive-hurstville-nsw-2220">Horizon</a> represents a rare opportunity to buy into a location experiencing both infrastructure-led growth and constrained supply&nbsp;- now made even more compelling with a limited-time five per cent deposit and matching rebate incentive.

Positus notes that the suburb’s combination of “relative affordability, low vacancy, and rising population” is creating a recipe for continued rental growth and capital appreciation. Weekly rents are increasing faster than strata and outgoings, with two-bedroom apartments seeing the deepest tenant demand - supporting healthy yield margins even after costs.

[smartcode_project:default project_id=149850 project_image_fid=281]

Horizon prices begin from $668,000, with one, two, and three-bedroom apartments offering flexible entry points for investors.&nbsp;

The project’s location, a short walk to Hurstville Station, Westfield, and an upcoming dining laneway, St Clair Lane, underscores its liquidity and day-to-day convenience.&nbsp;

A 19-minute express train connects residents to the Sydney CBD, while arterial upgrades such as the M6 and WestConnex further enhance connectivity.

[smartcode_project:default project_id=149850 project_image_fid=275]

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a>, Horizon’s soft, organic façade mirrors the parkland of Kempt Field, while interiors prioritise light, durability, and smart functionality.&nbsp;

Each home features Smeg appliances, smart home automation, and generous balconies overlooking the bay and skyline.&nbsp;

Amenities include a gym, sauna, games room, meditation deck, and landscaped courtyards, with wellness and social spaces designed to foster community.

[smartcode_project:default project_id=149850 project_image_fid=279]

From an investment perspective, Horizon offers what Positus describes as a “value and income sweet spot.” At an average entry price around $745,000 and yields near five per cent, Hurstville units remain roughly $200,000 below comparable inner-west suburbs, allowing investors to capture metro proximity without inner-city risk exposure.

Horizon will deliver 179 one, two, and three-bedroom apartments above St Clair Lane.&nbsp;<a href="https://www.apartments.com.au/builders/masscon">Masscon</a> is on site moving its way up the building, which is scheduled for completion in late 2026, with move-in expected shortly after.

One Collection is currently offering a five per cent deposit incentive for a limited time.

[smartcode_project_cta:default project_id=149850]

The One Collection opens new investment window at Horizon Hurstville with limited-time incentives

Watsons Bay

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One of the current Sydney hotspots is the quaint surrounds of Watsons Bay, not that there's much selection.
Indeed the last listing in the tight knit village was the $4.5 million investment of Ken Dalley, the entrepreneurial son of John Dalley.
The 1840s Cove Street cottage had undergone a remarkable Durlach Block re-design since sold at $2.6 million in 2014.
The three bedroom home is divided in to two private pavilions, built around a sunny north facing central courtyard.
There's whispers it will be the home of the celebrated chef Guillaume Brahimi who currently rents just a few doors away.
Justin and Dom Hind, co-founders of the WiTH Collective digital advertising agency, have the only fresh offering, with their relisted home, exquisitely timed for its Belle cover this month.
Having sought $15 million-plus last August they’ve signed up with Michael Pallier at Sotheby’s International on their latest marketing campaign with $17 million hopes.
They paid $9 million for the then home of fashion designer Collette Dinnigan and Bradley Cocks in late 2016.
The Hinds had Weir Phillips Architects undertake a $5 million transformation.
This article first appeared in The Sunday Telegraph.
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firstname1-iYD4UYzvBa

Celebrity chef Guillaume Brahimi new Watsons Bay digs

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Boston Consulting Group senior partner and managing director David Tapper and his partner Dr Chantal Gianni have spent $10 million on a home in Watsons Bay.
They secured the transformed 1950s property earlier this year on delayed settlement terms.
It was the home of Fabio Zarfati, the Lamborghini expert who owns Rose Bay Automotive.
He had paid $7.5 million for the Short Street home in late 2016 and called in interior designer Victoria Chapman to renovate the four-level, four-bedroom property.
It features a harbour view master suite, a home office and a bespoke wine cellar.
This article was first published in the Saturday Daily Telegraph. 
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Boston Consulting boss David Tapper buys $10 million Watson Bay home

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Recruitment power couple Joel Barbuto and Shayne Coffey, bosses at Gough Recruitment, have pulled their Watsons Bay house from auction.
Barbuto and Coffey had reimagined the weatherboard fisherman’s cottage with pool that dates back to the 1840s.
It has $4 million hopes.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/30/watsons%20bay%201.jpg" alt="">
They’ve opted to push their auction to September 24, through Ray White TRG agents Gavin Rubinstein and Oliver Lavers.
Meanwhile, they’re believed to have bought just along the foreshore strip, purchasing the near $10 million home belonging to Max and Rosemary Farr-Jones, parents of former rugby player Nick Farr-Jones.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/30/watsons%20bay%202.jpg" alt="">
This article was first published in the Saturday Daily Telegraph. 
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Recruitment power couple make Watsons Bay moves

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Doyles have another chance to expand their Watsons Bay fish empire with the listing of an adjoining home.
The property at <a href="https://www.realestate.com.au/property-house-nsw-watsons+bay-130648594" target="_blank">2 Cliff Street</a> was under the watchful eye of the Doyle family when it last traded for $1.26 million in 2003, but the vendor, whose family had owned the property for 100 years, refused to sell to the fish giant.
“The previous owner of my home refused to sell to Doyles as the property had been in her family for 100 years," said former small business owner Alex Mestanov, the current vendor of the three bedroom home.
Mestanov secured approval for a three storey development on the property to take advantage of the harbour views and soar above Doyle's main restaurant, which is located infront of the property on the water.
The home actually sits within the Doyle's carpark, who approached Mestanov with a $3 million bid in 2008, when the property wasn't for sale.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/7/Watsons3.jpg" alt="">
The plans are for a mixed-use apartment complex, a penthouse, a two level house style apartment and a 20 seat cafe on the 325 sqm site.
Mestanov tried to sell the site in 2015, but couldn't find a buyer at $5.2 million.
He's now called on Ray White Double Bay agent Evan Williams, who is marketing the home in conjunction with Australian Prime Realty's Tony Braham.
They have a March 28 auction, with no guide, however prices nearby have ranged anywhere between $3 million and $5 million. A recent Cliff Street sale sold for $5 million.
“This original Watsons Bay freestanding home presents a blue chip redevelopment prospect in an iconic location mere steps from the harbour foreshore,” said Williams.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/7/Watsons2.jpg" alt="">
Braham says there are a number of possibilities for the property.
“It offers scope for significant future capitalisation, with the possibility to completely renovate or knock down and build a boutique apartment complex," Braham said.
"Alternatively, take advantage of the Special Purpose Tourist Zoning (SP3) which allows development for Tourist and Visitor Accommodation purposes (STCA),” said Tony Braham.
 
 
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jrobinson-rf4aSBido9

Will the Doyle's Watson Bay fish empire landholding get bigger?

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LA-based Nutribullet CEO Colin Sapire and wife Caron sold their luxury Watsons Bay harbourfront home to the Halas swimwear brand family.
They paid just $15.25 million for the home which was listed with $20 million hopes.
The Sapire couple had paid $14.5 million for the Michael Suttor-designed home in 2015.
It was reported at the time that it would be their holiday home for their Sydney trips. They've only used it once.
The Pacific Street home on 1,175 square metres has four bedrooms, each with an ensuite and balcony access from the top level.
On the lower level there's a six car garage, a rumpus room with adjoining bar and a sauna, as well as another private covered terrace.
The harbour level of the home features a gym, cellar and swimming pool which is set near the water next to the manicured lawn and gardens.
There had been unconfirmed reports that the buyer was Anthony Halas of swimwear brand Seafolly fame and his wife, Andrea, with confirmation coming on its official mid-December settlement.
The Halas family secured $18.6 million <a href="/news/news-boss-buys-back-in-bellevue-hill-as-prestige-market-cools">when News Corp boss Michael Miller upgraded in Bellevue Hill</a>.
The Halas family sold their stake in Seafolly in 2014 to LVMH, having became the world’s largest independent specialty swimwear brand.
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Halas swimwear brand family buys in Watsons Bay from Nutribullet boss Colin Sapire

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LA-based Nutribullet CEO Colin Sapire and wife Caron have sold their luxury Watsons Bay harbourfront home, which was listed with $20 million hopes.
The couple paid $14.5 million for the Michael Suttor-designed home in 2015.
It was reported at the time that it would be their holiday home for their Sydney trips. They've only used it once.
The Pacific Street home on 1,175 square metres has four bedrooms, each with an ensuite and balcony access from the top level.
On the lower level there's a six car garage, a rumpus room with adjoining bar and a sauna, as well as another private covered terrace.
The harbour level of the home features a gym, cellar and swimming pool which is set near the water next to the manicured lawn and gardens.
There have been unconfirmed reports that the buyer was Anthony Halas of swimwear brand Seafolly fame and his wife, Andrea.
This article was first published in the Saturday Daily Telegraph.
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Nutribullet CEO Colin Sapire sells Watsons Bay holiday home

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Book publisher Niki Zubrzycki's cute cottage in Watsons Bay has been snappily sold.
The <a href="https://www.realestate.com.au/sold/property-house-nsw-watsons+bay-127855946" target="_blank">home on 239 square metres</a> came with a $4.6 million to $5 million price guide. 
It was best known as the longtime home of the artist John Olsen, who lived in the former harbourmaster's house while painting his first commissioned piece, Five Bells.
Olsen lived with his wife Valerie, and children, Tim and Louise, at the Cliff Street cottage in the 1960s and 1970s.
It last sold at $340,000 in 1987 when bought by Niki Zubrzycki and her husband John, author of the fascinating history The Last Nizam: An Indian Prince In The Australian Outback.
In 2008 designer John Normyle was commissioned to create its open-plan living spaces.
This article first appeared in The Sunday Telegraph. 
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Artist John Olsen's former Watsons Bay home sold

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LA-based Nutribullet CEO Colin Sapire and wife Caron have listed their luxury Watsons Bay harbourfront with $20 million hopes.
The couple paid $14.5 million for the <a href="https://www.realestate.com.au/property-house-nsw-watsons+bay-127375058" target="_blank">Michael Suttor-designed home</a> in 2015. It was reported at the time that it would be their holiday home for their Sydney trips. They've only used it once.
The Pacific Street home belonged to the Metaxas family who commissioned Suttor in 1992.
Set on 1,175 sqm with the title passing the tide mark down the long jetty, the home has four bedrooms, each with ensuite and balcony access from the top level.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/22/watsons2.jpg" alt="">
A family lounge on the entry level opens to a covered outdoor alfresco entertaining area.
On the lower level there's a six car garage, a rumpus room with adjoining bar and a sauna, as well as another private covered terrace.
The harbour level of the home features a gym, cellar and swimming pool which is set near the water next to the manicured lawn and gardens.
It last traded for $4.1 million in 1998. Sydney Sotheby's have the listing.
 
 
 
 
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Watsons Bay waterfront listed by NutriBullet boss

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A Watsons Bay waterfront on the exclusive Marine Parade, next door to the iconic Doyle's Restaurant has been listed for sale.
The <a href="https://www.realestate.com.au/property-house-nsw-watsons+bay-127127074" target="_blank">Clinton Murray-designed beach house</a> is a quaint home created from recycled hardwood.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/6/Watsons3.jpg" alt="">
Set on 430 sqm with just a lawn separating the home from private beach access, the home has three bedrooms, three bathrooms and a boatshed.
Concrete floors with timber cladding feature in the living areas which open to the deck.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/6/Watsons2.jpg" alt="">
A heated swimming pool sits in a private north facing courtyard
The sale through McGrath Edgecliff's William Manning comes with approval for a fourth bedroom/self-contained studio.
The home last traded for $3.26 million in 2004.
 
 
 
 
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Clinton Murray-designed beach house listed at Watsons Bay

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Bidding opened at $8.5 million when a timewarp Watsons Bay beachfront was put under the BradfieldCleary hammer at auction tonight.
The <a href="https://bradfieldcleary.com.au/6528264/17-victoria-street-watsons-bay" target="_blank">deep 524 sqm street-to-beachfront block</a> had not sold for nine decades.
The north facing holding with direct access onto Camp Cove beach was knocked down after very strong bidding at $14.2 million.
There were the five bidders for the Pitt-Webb family deceased estate holding at 17 Victoria Street, which had a recent Valuer General valuation of about $8.5 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/Resized/Watsons2.jpg" alt="">
One of the registered parties was a family member, auctioneer Damien Cooley revealed under auction regulations.
It currently features a single level semi-detached weatherboard cottage with garage and boatshed and steps to the beach.
It was listed by Brenton Gadsby at BradfieldCleary in conjunction with Donna Burke at Bickmore-Hutt Realty.
Most of the interested parties were playing their cards close to their chest, although the top bidder was a veteran auction room player.
But the intentions or possibly just who the prominent Sydney property developer Philip Wolanski was representing remain unconfirmed. 
Over the decades Victoria Street has been a magnate for influential owners including the neighbouring retail magnate Steven Lowy.
Other owners through the years have included adman John Singleton, the Smart family, solicitor Bill Blackshaw, accountant Ian Ferrier, the Cawood family, developer Vaughan Blank, the former Sydney head of the Swiss commodities trader Glencore, the Arve family and the entrepreneur Sam Linz. 
</body></html>

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