Marco Rossi sells Tamaramaâs most expensive hole in the ground
Elsewhere, Anthony Scali scores $11 million in Palm Beach, fund manager Ben Alexander buys for $25 million in Vaucluse and a rock publicist makes a $6 million return.
An artistâs impression of the development application-approved, Wallace E Cunningham-designed residence in Tamarama.Â
Lucy Macken
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Tamaramaâs most expensive hole in the ground has quietly sold, five years after it was first listed with $15 million hopes by Marco Rossi, head of privately held construction group Built, and his partner, Stephanie Stokes.
The couple purchased the Thompson Street property on Sydneyâs coast in 2008 for a then suburb high of $11 million and demolished the house to make way for a development application-approved, Wallace E Cunningham-designed residence that was expected to be the Rossi familyâs forever home.
Lucy Macken
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Bellevue Hill in Sydneyâs eastern suburbs has clocked up its highest house sale of the year at close to $26 million for a mansion built by Spencer Simmons, the founder of real estate agency Laing + Simmons.
The sale price remains undisclosed by Christieâs Ken Jacobs, but it was listed in March by Simmonsâ colleague Darren Curtis with a guide of $24.5 million to $26 million and is expected to have sold at the upper end of the range, given interest from multiple parties.
The Tarrant Avenue house is built on a consolidated site of 1800 square metres.Â
At that level, it is the highest house result outside Point Piper, where there have been three sales in recent weeks for more than $37 million, including the non-waterfront home of Sydney Football Club chairman Scott Barlow for about $40 million.