Revealed: A $70m “fixer upper” in one of Australia’s richest suburbs
A once-grand Vaucluse estate with knockout harbour views and a legacy as remarkable as its outlook hits the market for $70 million.
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The mid-century mansion at 38 Vaucluse Rd might not have the same street presence as its glamorous neighbours, but the $70m “fixer upper” still has all the right ingredients to be an enviable eastern suburbs estate.
If the old adage is true – and it’s all about location – then this 1400sq m dual access parcel with postcard views of the Harbour City’s heavy-hitter icons actually has it all.
With the Harbour Bridge and Opera House at centre stage, the outlook propels the listing into its multi-million dollar category, but the owners are also a talking point.
The original five-bedroom residence has been the home of 98-year-old philanthropist Isaac Wakil and his late wife, Susan, for the past 65 years.
Although the perfectly positioned Vaucluse home with the hefty price tag is impressive enough, the one-time high society couple have a history of making headlines with their rundown, yet eye-watering, portfolio.
For decades, the duo held onto several abandoned, but enviably placed properties, including the iconic Griffiths Teas building in Surry Hills and the Terminus Hotel in Pyrmont.
After building their wealth in the garment industry and then property, the pair, who had no children, began selling off their real estate in 2014. The huge cache of properties earned more than $200m, which all went to charity.
They donated millions to The Art Gallery of NSW, Opera Australia, St Vincent’s Hospital and the Sydney Jewish Museum. In 2016, the couple handed a record $35 million to The University of Sydney through the Susan and Isaac Wakil Foundation.
With their Vaucluse residence expected to be a “knockdown”, it could be the most expensive “land” sale in Sydney.
Despite predictions it could be bulldozed, the listing through Ray White Double Bay’s Elliott Placks and Riki Tawhara, depicts “grand interiors waiting modern refurbishment” and describes the homes as offering “character of a bygone era”.
As is, the unique two-storey house has a ground floor dedicated to everyday living and entertaining with a full-width balcony capturing the show-stopping outlook, a formal dining room, library, office, and three bedrooms, including a main with the landmark view and an ensuite.
The same level also houses two full bathrooms, a powder room and a garage.
Downstairs, there is an original kitchen and vast rumpus room with a bar and French doors opening onto a grand terrace, a level lawn with established palm trees, and a huge swimming pool facing the sweeping harbour panorama.
The property, which also has access to Carrara Rd, has two more lock-up garages below and is close to Hermitage Foreshore track, harbour beaches, and Kambala School.
Listed with Elliott Placks and Riki Tawhara of Ray White Double Bay, inspections for 38 Vaucluse Rd, Vaucluse are by pre-arranged private appointment.
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This secluded Berrima estate with sweeping country views offers a rare mix of privacy, craftsmanship and Southern Highlands calm.
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Known for its historic jail, bucolic rolling hills, beautifully preserved Georgian-era architecture and nearby wine country, Berrima is a drawcard for buyers seeking a stylish tree change with all the bells and whistles.
Whether it’s a grand agricultural estate or a charming period cottage, Berrima in the NSW Southern Highlands is home to a thriving property market buoyed by city slickers coveting a slower – and greener – lifestyle.
So popular as a weekend getaway location, the region has been coined “The Hamptons” of Sydney.
Hillside, on a grand 2462sq m land parcel in the heritage heart of Berrima, dates back to the 1840s. Sitting only minutes from the centre of town, the period property is surrounded by local history.
The Wilkinson St residence is opposite the landmark Harper’s Mansion estate, a National Trust heritage property and popular tourist attraction that is home to one of the largest hedge mazes in Australia.
Couple its prime position in Berrima with its Georgian charm – and a separate cottage on site – Hillside is filled with opportunity, said selling agent James Hall of Savills.
“It’s got the whole village on its doorstep, which makes it so appealing. And the bonus is that as a short-term rental, it’s always in demand because you’ve got the very popular Bendooley Estate wedding venue just down the road,” Hall said.
“Berrima has really come into its own because it’s retained its old school charm and hasn’t become commercialised while still appealing to visitors.”
The property is within close walking distance of Berrima’s quaint boutiques, cafés, and noted restaurants such as Eschalot, as well as Australia’s oldest continuously licensed pub with a beer garden, the Surveyor General Inn.
Last sold in 2015 for $1.45 million, Hillside is now coming to market with a price guide “in the high $3 millions” according to Hall.
The traditional home paints a pretty picture with its fairytale facade framed by meticulously landscaped grounds reminiscent of a stately English homestead.
The private setting features tall established trees, heritage stables, a gazebo, a fire pit, and a lockup garage with a workshop. In addition to the two-bedroom main residence, the guest cottage has en-suites to all three bedrooms.
A classic country house that is as rich in character as it is grand in scale, Hillside has rustic exposed brick interior walls, timber floors, and multiple French doors spilling out to the lush landscaped grounds.
“The beautiful wraparound veranda overlooks almost a full-size grass tennis court,” Hall added.
“Then there are the incredibly mature pine trees giving it privacy, even though it’s so close to the village.”
The vast level lawn is also an idyllic spot for a game of croquet, cricket, or a good old-fashioned English tea party.
As well as the selection of casual and formal living and dining areas, there is a cosy library, a wine cellar, and a modern kitchen with sophisticated sage green cabinetry, stainless steel appliances, a Hastings Turner ceramic double sink, a central island bench, and designer pendant lighting.
Added extras include air conditioning, hydronic heating, four original fireplaces, and the original well has been integrated into the entryway as a period feature.
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