Mosman is widely regarded as one of Sydney’s most prestigious suburbs, and yet for all its established families, waterfront mansions and billionaire residents its record high house price still lags far behind those eastern suburbs directly across the harbour.
“There’s one simple reason why Mosman is lagging so far in the trophy stakes and that’s because the properties that are worth $40 million and $50 million are never for sale,” said Raine & Horne Mosman’s Brendan Warner, who secured a $22.5 million sale to Oatley.
“I’ve had offers of well in excess of $50 million for one property in Mosman in particular and the owner wouldn’t accept it because they don’t want to move. And there are other properties in Mosman that should sell for $40 million and $50 million, but the owners won’t budge.”
“The fact is there are not many of these kinds of trophy properties (for sale) and they’re owned by these old-money, well-established families that don’t sell them,” Warner said.
Geoff Smith, of LJ Hooker Mosman, said the lack of high-end stock has held back Mosman’s market to such a degree that the area is now very good value compared with the eastern suburbs.
“There’s a lot more wealth over there and a larger pool of those sorts of houses for buyers to trade up to and downsize, whereas over here [in Mosman] if you plan to trade up there’s nothing to buy and people won’t downsize because there’s nothing to buy,” Smith said.
The Smith & Cabban (builders) merchant’s mansion Trebartha, recently sold with Belle’s Tim Foote for $11.25 million on behalf of Susan Blanche.
"It looks like the Murphys have bought into Trebartha in Mosman".
The sale is the 14th property to have sold in Mosman for more than $10 million this year, according to CoreLogic.
Named Trebartha, the 1394 sqm estate at 5 Milton Ave is the 14th sale above $10 million, in Mosman this year
This majestic Smith & Cabban "merchant mansion" skilfully combines Federation grandeur and modern day luxury.
"Trebartha" is an exceptional landholding on approximately 1394sqm, with a wide set dual access block it is home to beautifully landscaped gardens and boasts sweeping main harbour and city vistas.
The renovated Federation home has harbour views of the Sydney skyline, Opera House and Harbour Bridge.It has a 12/4 Bisazza titled, solar heated, salt water swimming pool in the backyard, level lawns and a large rear terrace.
16 Bradleys Head Road Mosman, NSW 2088:
A magnificent Smith & Cabban "Merchant's Mansion" in a commanding, private & tranquil, dress circle position with expansive views to The Bridge and North Sydney. A vast and welcoming home on a prized holding of around 1500 sqm with north-south tennis court and pool ... family estates like this are rarely found ... and then, only once in a lifetime.
Stately with immediate street presence, the interiors open to reveal a traditional grandeur that embraces the airy spacious thats so typical of these Mosman thoroughbreds.
Polished floors, high ornate ceilings, banks of bay windows and fireplaces, as originally designed, have been skillfully matched to merge with the open-plan living, dining and kitchen that spill through French doors to the decks that overlook the pool and court.
Gated and walled from the street with sweeping driveway entry
Wide halls and soaring ceilings create a superb feeling of space
Tessellated tiling, gorgeous decorative ceilings, original fireplaces
Grand reception/lounge room with bay window, study alcove
Elegant formal dining with chandelier and marble fireplace
"Cardross" 28 David Street, Mosman NSW
A Grand Turn of the Century Family Home in Prestigious Clifton Gardens
Richard Freudenstein has ‘downsized’ to this Mosman five-bedder for $10.25 million.
Former Foxtel chief Richard Freudenstein continues to do his bit to keep the bull run of double-digit Mosman’s sales ticking over. Having sold his seven-bedroom mansion on Burran Avenue in February for $23 million, he has “downsized” to the Stenmark family’s five-bedroom residence in Clifton Gardens for about $10.25 million
A caveat on the title of the Stenmark home gave up the buyer after there was no comment from Brendan Warner, of Raine & Horne Mosman, and locals came through with the sale price.
"Sitting high on 1150 sqm of level land, and located in one of Mosman's most enviable enclaves, this grand, secure & private residence is surrounded by beautifully manicured gardens & sun-splashed serenity."
"The expansive layout is versatile with effortlessly connected interiors including a grand central hall & superb formal reception rooms with high ornate ceilings. The modern kitchen & expansive open plan living area is framed by bifold doors leading out to a sprawling alfresco terrace which all overlook the pool & gardens."
This beautifully appointed home has been cleverly designed allowing various age groups space to entertain independently. A discreet façade featuring security gates opens to reveal an extremely private & secluded property with internal access from the garaging. This elegant contemporary family home is detailed with an array of timeless high-end features & finishes.
The accommodation comprises 5 oversized bedrooms & 5 bathrooms (2 of which are ensuites) including an enormous master suite with 2 walk-in robes, luxury ensuite and a private north facing terrace that commands views over Sydney Harbour. There is additional parking within the property (6 cars).
References:
‘House built for billionaires’ could set a price record in Mosman - LUCY MACKEN FEB 11, 2017
Mosman records its 14th prestige sale this year - Matt Bell Mosman Daily JULY 24, 2018
Sale listing and photographs: 5 Milton Avenue Mosman, NSW 2088
Sale listing and photographs: 16 Bradleys Head Road Mosman, NSW 2088
Sale listing and photographs: 28 David Street, Mosman NSW 2088
Childhood home of twins Jordan and Zac Stenmark hits Mosman market for $11 million - LUCY MACKEN JUN 8, 2018
London Hotel owners return to their Woollahra stomping ground with $6.5m purchase - LUCY MACKENJUL 27, 2018