1. The Radical Roundup: New & Notable This Week

    • Margie Blok is reporting on the long-in-the-making sale of the beachfront Point Piper mansion ‘Deauville’ for “about $13.6m” after listing with $17m+ hopes last year. The 1930s home at 16 Longsworth Ave is in need of some TLC. Next door neighbour is Malcolm Turnbull - Australia’s very own Mitt Romney - who can often be seen strutting out in his budgies for a morning swim at Lady Martin’s Beach. 
    • A view-less, low-floor, awkwardly laid-out (but renovated!) 2-bedroom apartment in the blue blooded “Astor” building at 125 Macquarie Street relists after a year off the market. $1.65m is quoted by Bryn Fowler of Sydney Cove Property. 103/123-125 Macquarie Street
    • ‘Cloudlands’ in the Southern Highlands just won’t sell…and the agents won’t lower the price. Coldwell Banker Previews International agent Kevin Whelan now has the listing but the price remains at $6.75m for the 94-acre spread with an 11,000 square foot mansion. Cloudlands at 142 Sheepwash Lane has been on the market as long as we can remember…and our memory dates back at least 4 years. :)
    • Situated on the desirable cul-de-sac side of Woollahra’s Edward Street high above Cooper Park, number 52 has listed with expectations of the mid-$4mils. When the Radical Terrace first saw this property, we were quite surprised at the high price for the 3-bedroom home; but seeing there is a strong precedent for high prices on the street (slightly larger next-door neighbour #50 sold for $6.6m in March 2011; #64 for $3.3m in March 2009; #66 for $3.775m in March 2007; #68 for $3.65m in Nov 2007) and the Alex Tzannes design, maybe the price isn’t too far-fetched. Georgia Cleary of BradfieldCleary has the listing.

  2. JUST LISTED! Southern Highlands Estate for $6.25

    If I had a dollar for every 100-acre Southern Highlands estate with a decently mediocre 5-bedroom homestead currently on the market for between $4m and $7m, I’d have about $25. So enter a 20-acre Southern Highlands faux-estate listed for the upper end of the aforementioned range. Situated in a prime Avoca location (in the “Arc of Dreams” that runs from Sutton Forest through Avoca, Wildes Meadow, Burrawang, Kangaloon/Glenquarry, and Robertson), “Springfield Farm” is pretty generic. Yes, the property is very well maintained (think of the maintenance fees on this bad boy!), but beyond that, it’s your run-of-the-mill hobby farm for the wealthy Eastern Suburbs set. My guess is this sucker will get price chopped down a million or two and sell around the $4.5m mark. Just sayin’.

    Michael Maloney of Richardson & Wrench Bowral has the listing.

    “Springfield Farm” 866 Sheepwash Road, Avoca

    PS. Lack of interior photos always lead to suspicion…