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That’s 70s house.
A crumbling Rose Bay beachfront has sold for about $30m, despite the owner doing little to it since buying it for $147,000 more than half a century ago.
The now removed realestate.com.au ad said the five-bedroom house on a 676 sq m block at 7 Collins Ave was “in liveable condition” but only “while you design your dream home”.
It was the top sale in Sydney’s east over the past week.
The deal was done by Michael Pallier of Sotheby’s, who said he couldn’t discuss the transaction when contacted and certainly wouldn’t reveal the purchaser.
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The pool has seen better days, but you can step straight out onto the sand.
The old house won’t last long in this coveted position.
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It’s been in his books since January with a guide of $35m, but the previous agent had it listed for 138 days without success, according to property records.
Beverley Freedman had bought the house with her late husband, pharmacist Leo Freedman.
She’s moved to a $14.5m duplex on the beachfront nearby, bought from businessman Robert Champion De Crespigny.
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That 70s pool.
What a view!
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The highest price in the street is $35m for the luxurious home of Laser Clinics founder Alistair Champion and his wife, Kate.
They’d bought their beachfront for $18m in 2019 so they made a $17m profit.
No.7 may be in serious need of a reno, but apart from its 15m of beachfront it offers incredible harbour views.
It’s close by the acclaimed Catalina restaurant and Rose Bay Ferry Ferry Wharf.
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The post Owner buys home for $147k, sells for $30m appeared first on realestate.com.au.
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