49 Coolawin Rd, Northbridge is expected to sell in the $40m-$50m range.
Sydney’s north shore is about to get a price reset with Primo Smallgoods heiress Kristie Ward hoping for more than $40m for her trophy waterfront home on Middle Harbour.
When she bought the five-bedroom, seven-bathroom estate on a whopping 3,434sqm block at 49 Coolawin Rd, Northbridge in 2017 for $21m it smashed the then suburb record by about 30 per cent.
Now she is about to do it again.
Northbridge’s current record is $25m set in 2022 and while Sotheby’s agent Alon Beran is not quoting a formal asking price expectations are that the trophy estate will sell in the $40m to $50m range.
The sale could set a new benchmark for Sydney’s northside residential real estate which is presently at $42.2m for the historic Idlemere in Lavender Bay that traded in 2022.
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Wine and dine and enjoy the view.
The home has been renovated extensively.
The mooring facilities can now accommodate a bigger yacht.
Kristie and her husband David have renovated their harbourside home extensively and extended the mooring poles so it can accommodate a bigger yacht.
Kristie is the daughter of John Hunt, co-founder of Primo Smallgoods and records show the house is in her name.
Earlier this year there were media reports of a legal stoush between father and daughter with Mr Hunt seeking a court determination that the Northbridge property was held on “constructive trust” for the family holding company JWH Nominees.
He wanted a declaration that the family company had an interest in the home, reflecting its “contributions” to the purchase price and subsequent renovations.
Plenty of room for a grand piano!
Incredible views.
The house is on a whopping 3,434sqm block.
It was reported that the court determination, with the consent of both parties, was dismissed.
Agent Alon Beran said the owners were selling to downsize now that their children were grown.
The house has three levels of living covering 1000sqm of floor space, the ceilings are 3.5m high and the outdoor entertaining space is the entire width of the house with views over Middle Harbour towards the Spit Bridge.
The kitchen is a showpiece with Calacatta marble benches, Miele appliances, and a butler’s pantry. A formal office with outdoor space, and a den with a private balcony are also on this level.
On the middle floor there are five bedrooms each with ensuites and the main bedroom has its own terrace and wide water views.
The three-level home has 1000sqm of internal space.
Multiple living and dining areas.
Even the bath tub has an extraordinary view.
This level also houses a gym, wine cellar and commercial-sized laundry. Downstairs is an entertainment zone again with views and a terrace.
The property is equipped with state-of-the-art home technology, reverse cycle air-conditioning, CCTV security and internal access to a triple garage.
Outside are mature trees, rolling lawns and palm trees around the pool. Coolawin Rd is Northbridge’s premier address with six sales above $10m.
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