178 Hopetoun Avenue sells for over $ 35 million after four days on the market


Barely a month after a couple unloaded their home for $ 490,000 in profit just nine weeks after its purchase, the Sydneysiders passed another reality check courtesy of 178 Hopetoun Avenue. The Vaucluse manor spent a total of four days on the market before finding a new owner. The final sale price? According to real estate.com.au, well over $ 35 million (more than double what it sold three years ago).

The luxurious six-bedroom, seven-bathroom residence with an 11-car garage, swimming pool and tennis court was once owned by real estate investors – Carmen and Steve Davidson – and managed by The agencyis Steven Chen. Contacted just days after signing up, Chen confirmed that he sold for “more” than his $ 35 million price guide, and far more than his 2018 purchase price of $ 17 million. however, was unable to reveal the exact figure and identity of the new owner due to a strict confidentiality agreement.

Originally designed by famous Australian architect Michel Suttor Almost two decades ago, the Davidsons would have undertaken a “major renovation” shortly after acquiring the three-level property – elevating the already impressive home to whole new heights.

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And for their efforts, Carmen and Steve were essentially rewarded with $ 6 million in profit for each year of ownership (minimum). Although it wouldn’t exactly be their first time playing chess instead of checkers.

“Three years ago, they brought to market a 2,679 square meter site in Oxford St, Bondi Junction, where their long-standing Continental tires and their Bondi Junction Auto Services business were located, as well as several other adjacent properties. that they had accumulated. », Explains Stephen Nicholls of real estate.com.au.

“It’s still in their name, but they have a really good apartment development application approved by Waverley Council. Their site is next to another commercial-turned-residential site, which now houses the 70-unit NewLife Bondi Junction project from Sydney developer TWT Property Group.

The Davidson’s also previously owned the Keepers Cottage at 15 Old South Head Road (near Macquarie Lighthouse). The leasehold property in question was purchased for $ 2.52 million in 2002, renovated in 2010 and sold for $ 7.5 million to the Song family of the Nanshan Group in 2016.

Discover for yourself 178 avenue Hopetoun in the Vaucluse below.

178 Hopetoun Avenue
178 Hopetoun Avenue
178 Hopetoun Avenue
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178 Hopetoun Avenue
178 Hopetoun Avenue
178 Hopetoun Avenue

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