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Oil and gas multimillionaire Russell Staley and his wife, Jennifer, have sold their landmark designer home on Collaroy Beach for more than $15 million, setting a new suburb high for a single residence.
It took three years for the distinctive residence, known as The Point House, on the northern-most point of the Collaroy Basin to exchange and for close to the original $15.5 million asking price.
Staley is a former rich lister thanks to his time as a senior executive at engineering group Worley Parsons (now known as Worley) and as chairman of Benthic, before it was acquired by subsea services group Acteon two years ago.