A waterfront mansion in Point Piper, one of Sydney’s most exclusive suburbs, has been listed for sale at an eye-watering $100 million. The property, owned by entrepreneur Alexandra Jakob, is set to become one of the most expensive residential sales in Australian history if the asking price is met.
The distinctively curved house, featuring five bedrooms and six bathrooms, was purchased by Jakob in 2019 for $40 million. In just five years, the property’s value has potentially more than doubled, reflecting the significant shifts in Sydney’s high-end real estate market since the pandemic.
This listing is notable not only for its price tag but also for its public sales campaign, a rarity in Point Piper where most trophy homes change hands through discreet, off-market transactions. Monika Tu and Jad Khattar of BlackDiamondz Concierge are managing the sale, which officially began on Wednesday.
The property boasts luxurious amenities including a harbour side swimming pool and a private slipway. Jakob has undertaken renovations during her ownership and secured approval for an upper level extension designed by renowned architect Bruce Stafford.
This sale represents a significant moment for Point Piper’s property market. It follows the national house price record set in 2022 when Atlassian co-founder Scott Farquhar purchased Uig Lodge for $130 million, also in Point Piper.
Jakob’s decision to sell comes after a series of successful business ventures, including the sale of her Little Learning childcare chain and haircare brand BondiBoost to private equity firms. Sources suggest she plans to downsize her Sydney residence and increase her international travel.
The listing of Jakob’s property adds to the growing list of ultra-luxury homes on the market in Point Piper. Nearby, “Aussie” John Symond’s waterfront estate, Wingadal, is currently listed with a guide price exceeding $200 million.
Published 25-September-2024
