Edgecliff mansion Carmel sells for circa $30m
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Carmel, Edgecliff has quietly sold for circa $30m.
The grand historic mansion Carmel in Edgecliff has quietly sold for circa $30m amid news of the whopping $37.5m sale of Iona in Darlinghurst.
The deal on the Mediterranean-style Carmel, originally designed by F. Glynn Gilling in 1935 for prominent stockbroker Stanley Utz, at 24 Albert St was actually done on September 11, according to the realestate.com.au listing.
When contacted, the sales agent, TRG founder Gavin Rubinstein, had no comment on the result or buyer. But other sources confirmed the sale price was in the $30m range.
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The grand Mediterranean-style residence last traded for $23m in 2021.
Carmel features a grand entrance foyer, palatial proportions and soaring ceilings, which evoke a sense of old-world Hollywood glamour.
Rubinstein did have a view though on why these two impressive old estates on huge blocks — Carmel is on 1300sqm while Iona is on 2716sqm — have found early spring buyers.
“With some of the chaos involved with rezoning [for apartments], land is becoming more valuable than ever,” Rubinstein said.
“In the eastern suburbs, there is only a limited amount of it available and they’re not making any more.
“Carmel offered a very rare opportunity — Iona in Darlinghurst is more inner city, but Carmel is an Edgecliff address but it’s on the border with Woollahra, which is more prestigious.
“And you get almost 1300 sqm of land, with a beautiful northerly aspect.”
He added that there had been interest in Carmel at the time the property was launched to the market in April, but the offers had come with conditions that weren’t acceptable to the owners.
Limestone terraces that offer breath-taking 180-degree views over Sydney Harbour.
The back yard features a mosaic-tiled swimming pool as the centrepiece.
Records show it’s in the name of Deborah Hopper, wife of renowned biotech entrepreneur Paul Hopper.
Carmel last traded for $23m in December 2021.
It has four bedrooms, four bathrooms and sufficient off-street parking for eight vehicles.
Paul Hopper, is best known for his biotech company Imugene, Chimeric Therapeutics and Viralytics.
Viralytics was bought by Merck for $500m in 2018 and Hopper’s latest venture is Radiopharm Theranostics.
Its other owners have included media man Rupert “Rags” Henderson and Ezra Norton, before Rupert Murdoch snapped it up for $200k in 1968.
There are magnificent formal and informal areas.
The home is on a 1300sqm north-facing block.
It sold two years later for $225k to the Bishop family, and in the late 1980s it was owned by Warren Kitson, the director of a Hong Kong bank, Wardley,
Kate and Dominic Roche, son of Nutrimetics founders Bill and Imelda Roche, sold it for $6.775m in 2001 to investment banker Scott Malcolm.
And he sold it to medical entrepreneur Dr Charalambos Revelas for $15.75m in 2017.
Carmel features a grand entrance foyer, palatial proportions and soaring ceilings, which evoke a sense of old-world Hollywood glamour.
Magnificent formal and informal areas extend to Limestone terraces that offer breath-taking 180-degree views over Sydney Harbour.
A state-of-the-art Calacatta marble kitchen features an expansive Jarrah island bench as well as a chef’s Lacanche range cooker and premium Miele gas appliances.
The back yard features a mosaic-tiled swimming pool as the centrepiece.
Out the front, a sweeping driveway and gated cobblestone forecourt leads to a stone-framed entry with lift access, four-car garaging and plenty of extra visitor parking.
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