The owner of Double Bay’s famous Indigo Cafe, Anthony Moustacas, has listed his incredible Bronte home as his agents achieved $20m in sales in the coastal hotspot in just 24 hours.
PPD Real Estate principal Alexander Phillips won the prestigious listing for Figtree House, a beautifully revived five-bedroom Victorian manor home on a 670 sqm block at 27 Chesterfield Parade — one of Bronte’s most coveted streets.
The home last traded for $4.7m in 2013 and has Arent & Pyke interiors, views to the ocean, a sunny Peter Fudge designed garden with a huge lawn and a heated mosaic-tiled pool.
The guide this time round is $7.5m-$8m for a March 27 auction.
The listing hit realestate.com.au today as Phillips and colleague David Tyrrell were in the midst of a $20m sales spree.
Tyrell was the lead agent on the biggest sale, when a local banker splashed circa $10m to snap up a five bedder with ocean views at 34 Pacific Street, which was owned by Singapore-based accountant Marjorie Loh.
“She wasn’t really looking to sell it, but we showed through buyers and she got a really strong offer,” says Tyrrell. “The market’s just so hot.”
He said it sold for “cira $10m” which had been the guide. Property records show Loh — who owns four other investments in Bronte and Queens Park — bought the Pacific Street home on its 519sqm block for $3.825m in 2011.
She’d done nothing to it — it’s been collecting $2,900 a week in rent.
Loh apparently has no plans to sell any of her other Sydney investments.
The other properties that the pair sold (in which Phillips was the lead agent) were a block of four two-bedroom apartments at 64 Hewlett Street owned by ExcuJet Australia finance director John Bradley for just over $5m and three-bedroom house at 10A Cross Street owned by dentist Michael Kotis for $4.25m.
The post Indigo Cafe‘s Anthony Moustacas lists Bronte stunner as agents sell $20m worth of homes in 24 hours appeared first on realestate.com.au.