Darling Point Trophy Home Finally Sells
The four-year campaign resulted in a $60-million-plus sale.
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Few homes in Sydney offer such exclusive waterfront as the Darling Point home owned by the Allen family.
However, the allure of the watery surrounds was not enough to shift the property quickly, with a four-year campaign and numerous agents attempting to reach a $60-milliion settlement.
The six-bedroom, six-bathroom residence is now sold, with the price understood to have been more than $60 million, following an exclusive campaign with Alison Coopes and her eponymous boutique agency.
The eye-watering price ranks the home among the country’s top nine house sales, and the first at that level outside of the coveted locales of Vaucluse and Point Piper.
The Allen family, of Airlie beach-based Lisa Allen and her former husband investment banker and yachtie Matt Allen, purchased the home on Lindsay Avenue for $32 million in 2013.
In 2017 the Allens undertook a major renovation that retained original features such as the floating staircase, but updated the rest of the property before listing it on the market. At the time, it is rumoured that Mr Allen saw an opportunity to test the market following the sale of Phoenix Acres in Vaucluse for $70 million — at the time the third most expensive house sale recorded in Australia.
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The 25-room mansion was built for an heiress and later belonged to a socialite and architect on the Empire State Building.
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A 110-year-old Colorado estate that has hosted Frank Sinatra and Lyndon B. Johnson just slashed $10 million off its price tag.
The 12,000-square-foot manor house—with 25 rooms—and its five accessory dwelling in the alpines of Evergreen was relisted on Friday asking $16.8 million, down from its initial $26.8 million price in 2023.
The sellers, Richard and Pamela Bard, who paid $1.3 million for the “legacy property” named Greystone Estate in 1992, have shopped it around on and off for the past 20 years, according to agent Jessica Northrop at Compass Real Estate.
Richard Bard, CEO of his own private equity firm, has “hosted many corporate events and retreats where important business is discussed but they are also able to relax,” Northrop said. “Greystone has a special way of making people feel at ease.”
Bard said “it’s not a casual effort” to sell. He said it’s difficult to find a buyer with the facilities to “take care of it.”
The Bards intend to move closer to their children in Denver.
Before the Bards, Greystone Estate had several eras—as a summer house, a guest ranch and a business base—since it was built in 1915 by Genevieve Phipps, an industrialist’s daughter.
Phipps, who spent her inheritance on the land, built the 54-acre summer escape with the “elegance and feel of a fine Adirondack mansion combined with a mountain rustic style,” according to an online record of the estate’s history.
Its heyday, arguably in the 1940s to 1980s, saw Sinatra, Johnson and Groucho Marx come through its doors, when its owner William Sandifer, a socialite and one the Empire State Building’s architects, operated a guest ranch out of the place.
The Bards, who used a carriage house on the property as their company headquarters, completed Greystone’s full modernization in 1997. They also opened up the living and dining areas to receive more light, raised the ceiling on the upper level and combined several rooms to create a primary suite.
They replaced an outdoor pavilion and its helipad with something more suitable for their daughter’s wedding in 2001, according to Northrop.
The main 25-room manor includes a wine cellar, bar, gym and library.
The additional structures, which include a cottage, a log cabin, a pool house, a carriage house and a pavilion and guest house, surround the pool area and overlook acres of aspen groves and mountains.
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