Sydney’s Hidden Chateau: Bellevue Hill’s Regal Landmark on the Market
Beyond its romantically Roman facade, this Sydney ‘palace’ is about as unique as they come.
2 min
Sydney isn’t known for its castles, but Chateau de Benelong is a local landmark with a difference. The regal seven-bedroom 1970s residence with its Roman archways and Greek columns stands tall among its neighbouring contemporary homes on Benelong Cres in Bellevue Hill.
The eastern suburbs palace was created by award-winning designer Lesley Santy in the neo-classical style. Santy wasn’t known for architecture, but did win a gold medal in the 1957 international furniture exhibition in Milan.
Benelong Crescent’s landmark property stood largely untouched for decades before getting an extensive custom renovation in 2011 by former owners Nare Elio and Makedonka Del-Ben of the Big Dig Build Group. The pair had paid $3.67 million for it in 2009 and set about adding a pool, a pavilion, a home theatre and wine cellar.
It was back on the market by 2012 with a $7.5 million price guide, but ended up selling for $4.995 million. The chateau last exchanged hands in 2015 for $5.9 million.
Fast forward a decade, and Bellevue Hill is now home to Australia’s most expensive property according to Domain’s December House Price Report showing a median sale price of $8.51 million.
Today, the home described as “one of Sydney’s most iconic residences” has resurfaced with price expectations of $13 million to $15 million via Paul Biller and Ben Torban of Biller Property – the agency behind the sale a decade ago.
The impressive three-storey home is a blend of European style and theatrical Hollywood grandeur.
Thanks to its elevated position, Chateau de Benelong has sweeping views over the harbour from a variety of vantage points.
Across the ground floor there are several living spaces for casual and more formal entertaining, as well as wide north and south-facing terraces to follow the sun all year long. Throughout the grand home there are stylish interiors including grand hallways, high ceilings and a series of iconic arched windows which open out to private terraces.
This ground floor layout is home to two kitchens with a separate wing suitable for guest or staff accommodation. The primary kitchen has been reimagined in a French Provincial style with an adjoining outdoor kitchen and Travertine terrace for alfresco gatherings. Beyond the barbecue area, the yard has a heated mosaic-tiled pool and landscaped gardens.
There is even more space for entertaining in style with a poolside cabana, a lower level rumpus room or home theatre plus a gym or yoga room.
Up on the accommodation level a main bedroom suite has a dressing room, a large ensuite and balcony, while four more bedrooms on the same level have Travertine ensuites or balcony access.
Additional features include internal access to a four-car garage, a wine cellar, ducted air-conditioning and DA approval for a rooftop terrace capitalising on harbour views.
Chateau de Benelong is positioned close to sought after schools, popular harbour beaches, Bondi Beach, Double Bay shopping, and the Rose Bay ferry wharf.
Bellevue Hill’s Chateau de Benelong is listed with Paul Biller of Biller Property with a $13 million to $15 million price guide.
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Buyer demand, seller confidence and the First Home Guarantee Scheme are setting up a frantic spring, with activity likely to run through Christmas.
2 min
The spring property market is shaping up as the most active in recent memory, according to property experts Two Red Shoes.
Mortgage brokers Rebecca Jarrett-Dalton and Brett Sutton point to a potent mix of pent-up buyer demand, robust seller confidence and the First Home Guarantee Scheme as catalysts for a sustained run.
“We’re seeing an unprecedented level of activity, with high auction numbers already a clear indicator of the market’s trajectory,” said Sutton. “Last week, Sydney saw its second-highest number of auctions for the year. This kind of volume, even before the new First Home Guarantee Scheme (FHGS) changes take effect, signals a powerful market run.”
Rebecca Jarrett-Dalton added a note of caution. “While inquiries are at an all-time high, the big question is whether we will have enough stock to meet this demand. The market is incredibly hot, and this could lead to a highly competitive environment for buyers, with many homes selling for hundreds of thousands above their reserve.”
“With listings not keeping pace with buyer demand, buyers are needing to compromise faster and bid harder.”
Two Red Shoes identifies several spring trends. The First Home Guarantee Scheme is expected to unlock a wave of first-time buyers by enabling eligible purchasers to enter with deposits as low as 5 per cent. The firm notes this supports entry and reduces rent leakage, but it is a demand-side fix that risks pushing prices higher around the relevant caps.
Buyer behaviour is shifting toward flexibility. With competition intense, purchasers are prioritising what they can afford over ideal suburb or land size. Two Red Shoes expects the common first-home target price to rise to between $1 and $1.2 million over the next six months.
Affordable corridors are drawing attention. The team highlights Hawkesbury, Claremont Meadows and growth areas such as Austral, with Glenbrook in the Lower Blue Mountains posting standout results. Preliminary Sydney auction clearance rates are holding above 70 per cent despite increased listings, underscoring the depth of demand.
The heat is not without friction. Reports of gazumping have risen, including instances where contract statements were withheld while agents continued to receive offers, reflecting the pressure on buyers in fast-moving campaigns.
Rates are steady, yet some banks are quietly trimming variable and fixed products. Many borrowers are maintaining higher repayments to accelerate principal reduction. “We’re also seeing a strong trend in rent-vesting, where owner-occupiers are investing in a property with the eventual goal of moving into it,” said Jarrett-Dalton.
“This is a smart strategy for safeguarding one’s future in this competitive market, where all signs point to an exceptionally busy and action-packed season.”
Two Red Shoes expects momentum to carry through the holiday period and into the new year, with competition remaining elevated while stock lags demand.
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