|Seven-room Sydney mansion may top US$93m
An historic mansion overlooking Sydney Harbour could become Australia's most expensive home. Reports said it could top A$100 million (US$93.4 million).
The Fairfax family, which formerly owned the Sydney Morning Herald, is selling its estate known as “Elaine'' which stretches down to a harbor beach in the Sydney area of Point Piper.
Agent Ken Jacobs, of Christie's International, has declined to put a price for the seven-bedroom home which includes a ballroom, stables and tennis court and which will go on sale in coming months.
“It's 6,900 square meters of waterfront land on Sydney Harbour and it's in six different titles – there's been no parcel of land come to the market of that size, that's what really sets it apart,'' he told the ABC.
The estate is several times bigger than Altona, another Point Piper mansion which sold in May for more than A$50 million, reportedly to a Chinese buyer.
Buying consultant Stuart Jones, of Rose and Jones, told the Herald that the land and beach frontage would make it worth between A$90 million and A$112 million.
The record for a Sydney home currently stands as A$53 million for another Point Piper mansion.—AFP