These 5 Properties are Sydney’s Most Expensive
By McLennan Steege Smith Property Valuations|November 01, 2022
If you are looking to sell your property for the best price it’s just a matter of finding the right buyer, one who walks through your home and finds that it ticks all their boxes. The same principle goes for mansions in Eastern Sydney; a dozen multimillionaires will pass and the next one will be jumping for joy at the $65 million bargain.
Let’s take a sneaky peek into what the big spenders get for their money and look at which millionaires choose which properties as their trophy homes. These five properties are Sydney’s most expensive:
#1. One Sydney Harbour, Sydney
The most expensive property ever to be purchased in Sydney is not a waterfront jetty heritage mansion, it’s a penthouse, and it’s not even ready to move into yet. Purchased in 2019 for $140 million the unknown buyer secured the top floors of Tower 1 at One Sydney Harbour in Barangaroo South off the plan to set a place in the creme de la creme of residences.
Building is set to be completed in late 2023 with a design that is likened to be like living suspended in air.
#2. Edgewater, Point Piper
There is still some mystery around who purchased the $95 million property in 2020, with reliable sources saying the buyer was born overseas but now calls Australia home.
What makes this property so rare is the 40-metre waterfront access, directly in front of the Harbour Bridge and Sydney Opera House including a deep water jetty for boating enthusiasts. A striking feature of the property is the tennis court right alongside the waterfront which is easily identified by passengers on passing ferries, boats and yachts. For that kind of cash, you can afford to lose a few tennis balls in the harbour
#3. Elaine, Point Piper
It might not tickle everyone's fancy but historic grandeur can certainly hit the mark for some, especially those who are able to foot the $71 million bill. The address 550 New South Head Road, Point Piper was built in 1863 with the ultimate opulence and luxury of the time, giving the historic marina villa home timeless features positioned in Sydney's grandest location.
The double living room and basement structure feature the original foundation stones along with more modern mansion essentials like a basement gym, rooftop tennis court and 20-metre lap pool. The historic property came with the original stables which new owner Scott Farquhar is planning to conserve and adapt into twin guest suites as part of a current $30 million overhaul that retains period charm as well as century-old trees.
#4. La Mer, Vaucluse
First-time market entry Le Mer did well in listings in 2015, breaking records at the time for the $70 million sale. This was a surprising figure to hit given this home doesn't have waterfront access. It does have stunning views of Sydney Harbour, the bridge and city along with a generous 3345sqm land size.
The mansion is built for entertainment with multiple lavish areas for both formal and informal entertaining, all based around stunning, uninterrupted Harbour views.
#5. Ganedan, Vaucluse
Just a few doors down from La Mer is Ganedan at 38a Wentworth Rd, Vaucluse. This is the third property listing that gets into the five most expensive properties in Sydney without having a waterfront, selling in 2022 for $62 million.
Like its hilltop neighbour La Mer, Ganedan offers iconic views of Sydney Harbour, the Bridge and Opera House and was built using the same methods where three titles have been merged between Wentworth and Vaucluse roads to form a mega property. The space is well-used with seven bedrooms, three kitchens, home cinema, gym, two swimming pools and a 20-car garage
Property prices skyrocketing during the COVID-19 pandemic did nothing to deter those looking for a masterpiece home. Even now that property markets are cooling, you still need deep pockets to snap up one of these luxury properties, especially now that the stage has been set marking Sydney as THE place to call home. Get your property valued to understand its sale potential.
Let’s take a sneaky peek into what the big spenders get for their money and look at which millionaires choose which properties as their trophy homes. These five properties are Sydney’s most expensive:
#1. One Sydney Harbour, Sydney
The most expensive property ever to be purchased in Sydney is not a waterfront jetty heritage mansion, it’s a penthouse, and it’s not even ready to move into yet. Purchased in 2019 for $140 million the unknown buyer secured the top floors of Tower 1 at One Sydney Harbour in Barangaroo South off the plan to set a place in the creme de la creme of residences.
Building is set to be completed in late 2023 with a design that is likened to be like living suspended in air.
#2. Edgewater, Point Piper
There is still some mystery around who purchased the $95 million property in 2020, with reliable sources saying the buyer was born overseas but now calls Australia home.
What makes this property so rare is the 40-metre waterfront access, directly in front of the Harbour Bridge and Sydney Opera House including a deep water jetty for boating enthusiasts. A striking feature of the property is the tennis court right alongside the waterfront which is easily identified by passengers on passing ferries, boats and yachts. For that kind of cash, you can afford to lose a few tennis balls in the harbour
#3. Elaine, Point Piper
It might not tickle everyone's fancy but historic grandeur can certainly hit the mark for some, especially those who are able to foot the $71 million bill. The address 550 New South Head Road, Point Piper was built in 1863 with the ultimate opulence and luxury of the time, giving the historic marina villa home timeless features positioned in Sydney's grandest location.
The double living room and basement structure feature the original foundation stones along with more modern mansion essentials like a basement gym, rooftop tennis court and 20-metre lap pool. The historic property came with the original stables which new owner Scott Farquhar is planning to conserve and adapt into twin guest suites as part of a current $30 million overhaul that retains period charm as well as century-old trees.
#4. La Mer, Vaucluse
First-time market entry Le Mer did well in listings in 2015, breaking records at the time for the $70 million sale. This was a surprising figure to hit given this home doesn't have waterfront access. It does have stunning views of Sydney Harbour, the bridge and city along with a generous 3345sqm land size.
The mansion is built for entertainment with multiple lavish areas for both formal and informal entertaining, all based around stunning, uninterrupted Harbour views.
#5. Ganedan, Vaucluse
Just a few doors down from La Mer is Ganedan at 38a Wentworth Rd, Vaucluse. This is the third property listing that gets into the five most expensive properties in Sydney without having a waterfront, selling in 2022 for $62 million.
Like its hilltop neighbour La Mer, Ganedan offers iconic views of Sydney Harbour, the Bridge and Opera House and was built using the same methods where three titles have been merged between Wentworth and Vaucluse roads to form a mega property. The space is well-used with seven bedrooms, three kitchens, home cinema, gym, two swimming pools and a 20-car garage
Property prices skyrocketing during the COVID-19 pandemic did nothing to deter those looking for a masterpiece home. Even now that property markets are cooling, you still need deep pockets to snap up one of these luxury properties, especially now that the stage has been set marking Sydney as THE place to call home. Get your property valued to understand its sale potential.
