Historic Lavender Bay Mansion Idlemere Listed Amid $50 Million Hope

In late 1984, architects Philip Cox and Louise Cox were part of a syndicate with David Hunt, who filed plans to replace the historic home with a block of eight units spread over four floors, but local mayor Ted Mack refused to approve the DA. even before Carr came in with custody orders.

Cox later claimed that he had no intention of demolishing the house, but had submitted plans to prove that the Appraiser General’s increased land value was incorrect, as it could not be redeveloped.

Idlemere was rescued from wrecking ball in 1985 by then Environment Secretary Bob Carr.

Idlemere was rescued from wrecking ball in 1985 by then Environment Secretary Bob Carr.Credit:Bruce Milton

The Bay View Street property claims a prime position on the Lavender Bay waterfront overlooking the Harbor Bridge and a 30m harbor frontage with a boat shed with self-contained guest house, jetty and private beach.

The five-bedroom, five-bathroom residence was restored and renovated by heritage architect Clive Lucas in collaboration with the original DA with architect Tim Allison.

Atlas’ Michael Coombs said there was increasing pressure on suppliers to move to the broader market if they were serious about selling, as only two months were left and it remained unknown how the high-end market would fare next year.

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“And sellers who may have been on the fence can see that, particularly on the North Shore, prices may not be what they were at the start of the year, but they’re also not absorbing the losses of the wider market” said Coombs.

Cohen Handler’s purchasing agent Simon Cohen said the current shortage of trophy homes was by far the worst it had ever been.

That shortage of homes for sale comes at a time when the pool of buyers at that level has never been greater, with some buyers looking to purchase for more than $20 million for more than two years, buyers agent Deb said. West. from Sydney Slice.

“People only sell if they’re one of the three D’s: death, divorce, or downsizing,” West said. “And the knock-on effect of that is that there’s nothing for downsizers to buy, which further hampers the market.”

The lack of listings competing in the open market also fuels a misconception among trophy owners that buyers will pay any amount for their property, which isn’t true, Cohen said.

In recent months, many of the top sales have all been negotiated off-market, meaning no marketing or public disclosures about the offer were available.

Among those sales were the Cremorne Point penthouse bought by Tesla chair Robyn Denholm for $27.5 million, a nearly $30 million waterfront home in Point Piper sold by former rag merchant-turned-importer Peter Placek, and a Bellevue Hill mansion that sold for about $27 million to Stephanie and Garrett Jandegian.

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