$24.6M Vaucluse Sale Smashes Auction Record

 $24.6M Vaucluse Sale Smashes Auction Record

An architectural masterpiece in Sydney’s affluent Eastern Suburbs has smashed a real estate auction record, selling for an eye-watering $24.6 million – an impressive $10.6 million above its reserve price – which makes it the most expensive house ever to be sold at auction in Australia.

Perfectly positioned with 180-degree harbour backdrop, this sublime sanctuary boasts unsurpassed, panoramic views of Sydney at its very best, encompassing the entire span of the iconic Harbour Bridge, Opera House, City Skyline and across to North Sydney.

And while the views are no doubt one of this alluring abode’s main attractions, this resort style residence also features a tennis court, a heated lap pool, lush tropical gardens and a wealth of sublime features which truly set this magnificent home apart from anything else on the market.

The five-bedroom house at 42 Vaucluse Road generated a wealth of interest, with 25 registered buyers, of whom just 12 got the chance to bid. While the guide price for this stunning home was $11 million, bidding opened an impressive $2 million higher, with the starting bid at $13 million. The hammer finally fell at $24.6 million, a remarkable increase from its $14 million reserve, and went to a young Australian Chinese couple – who had never before bid at auction.

Selling agent Michael Pallier from Sydney Sotheby’s International Realty – who previously set a real estate record for selling the most expensive house at auction to media scion Lachlan Murdoch back in 2009 for $23 million – said of the sale, “We didn’t expect that price. It was an astounding auction,”

Address:

42 Vaucluse Road Vaucluse NSW 2030

Agent:

Michael Pallier – 0417 371 522
Southebys International Realty
@sydneysothebysrealty

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