The Double Bay penthouse of the late socialite Eileen Bond has sold $3m above its price guide.
The harbourside penthouse of the late socialite Eileen Bond — often known as “Red” — has sold prior to Thursday’s scheduled auction for “an amazing” price after 25 days on the market.
The art deco gem at 3/9 Gladswood Gardens, Double Bay fetched a whopping $20m via Ray White Double Bay principal Elliott Placks and sales agent Thomas Popple, with buyer’s agent Simon Cohen representing the undisclosed buyer.
The four-bedroom dual level penthouse spanning 492sqm in a boutique block of just three apartments has sold $3m above its $17m price guide.
“The reaction from the marketplace was truly amazing,” Mr Placks said.
“We saw strong engagement from a wide pool of serious buyers, with particularly compelling interest from downsizers and investors seeking a super blue-chip asset.
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The penthouse is on the top floors of a boutique block of three at the prestigious harbourside block.
Alan Bond and Eileen Bond.
“We held 62 inspections and fielded 232 inquiries over three weeks which speaks to the extraordinary appetite for a property of this calibre.
“We also achieved 64 per cent more views on realestate.com.au than comparable properties across the entire campaign, a testament to the global recognition this home commands.”
The listing came eight months after Bond died in Perth after a stroke last July, aged 87.
Mr Placks said this was a once-in-a-generation opportunity and the market responded accordingly.
It penthouse offered sweeping views of Double Bay and had not changed hands in 40 years, having been owned by Eileen Bond since June 1986.
Incredible harbour views.
It was the socialite’s Sydney retreat, purchased 40 years ago for $1.225m.
She and her then husband, business tycoon Alan Bond, had bought it for $1.225m, six years before the couple divorced in 1992, ending their 37-year marriage.
The first wife of the business magnate and a prominent figure in Australian social history cherished the property as her Sydney retreat, spending up to three months at a time there each year.
The property was sold by her children, including daughter Jody Fewster, herself a top prestige agent in Perth’s western suburbs.
Ms Fewster, who is the Ray White Cottesloe/Mosman Park principal, praised both Sydney agents.
“Working with Elliott and Thomas was an exceptional experience from start to finish,” she said.
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