A garden apartment for $17.5m? A who’s who of downsizers put a high price on designer blocks

There was a time when the garden apartment was regarded as the poor cousin of the apartment block,but clearly not forTina Green,widow of the late hotelierMaurice Green. After all,who cares for a view when you could have a backyard for a pet and space for alfresco dining,and in the latest designer digs.

Green has forked out about $17.5 million through Richardson&Wrench’s Jason Boon for the ground-floor pad in Elizabeth Bay’s most recently released boutique address,Billyard Avenue.

The 400 square metre garden apartment in the Billyard Avenue development sold for $17.5 million.

The 400 square metre garden apartment in the Billyard Avenue development sold for $17.5 million.Artist’s impression

Joining Green in the SJB-designed building are fellow eastern suburbs identities like yachtie and former UBS Japan headMatt Allen,who paid almost $30 million for the penthouse,and lawyerChris Coudounaris,who paid $22 million for the sub-penthouse.

Green’s purchase from developers Philippe Remond andPeter Walsh follows the recent sale of her penthouse in the nearbyPotts Point Encore building for almost $18 million,complete with old-fashioned harbour views.

The holy grail for any apartment block is to become somewhat of a designer label to high-end shoppers. Forget your Gucci,Fendi or Hermes labels. For high-end downsizers,it’s all about the block where you live.

The Harry Seidler-designed Horizon tower at Darlinghurst was for years the place to live in the inner city.

The Harry Seidler-designed Horizon tower at Darlinghurst was for years the place to live in the inner city.Domain

Who can forget Horizon,theHarry Seidler-designed tower in Darlinghurst that once boasted residents like the lateHarry M. Millerand billionaire Lang Walker,as well as former residents likeBaz Luhrmann and billionaireBob Ell. Still in residence are heiressFrancesca Packer Barham and MONA’sDavid Walsh.

The Pomeroy building in Potts Point is another address that did well from a boujee reputation. It is currently home to charity queenSkye Leckie,Lisa Keighery and liquor baronJohn Piven-Large.

Up the road high-profile medicoKerryn Phelps,print baronMichael Hannan and former Liberal Party leaderPeter Collins have sold out of Ikon,but audio kingPeter Freedman and snack food mogulLenka Dransfield have bought in to the building.

The historic Manar building lured the big names even before former lord mayor of SydneyLucy Turnbull was born there,such asDame Nellie Melba,scholar Sir Mungo William MacCallum and former prime ministerJohn “Black Jack” McEwen.

The Manar building’s 296-square-metre penthouse sold for $13.46 million to artist Judy Garb Weiss.

The Manar building’s 296-square-metre penthouse sold for $13.46 million to artist Judy Garb Weiss.Domain

And soon Manar will welcome its most recent buyers,Manhattan couple-turned-Woollahra locals,artist Judy Garb Weiss and her recently minted husbandSam Weiss.

Judy has settled on the gutted penthouse for $13.46 million that was sold recently byVictoria andAndrew Isles,of the A. Royale&Co homewares distributor business.

Altium chairman Sam Weiss has resigned after 17 years.

Altium chairman Sam Weiss has resigned after 17 years.Louie Douvis

The “blank canvas” last traded in 2009 for $2.25 million from former lawyerRussell Keddie,and now comes with approval for a redesign by Lawless&Meyerson and MHNDU architects,and will need to add a bathroom and kitchen.

The Weisses are cashed up for the purchase. Sam is the long-time chairman of ASX-listed circuit board software company Altium,which wassold to Japanese chipmaker Renesas in February for more than $9 billion.

Still in Potts Point,the terrace of architectAlexander Michael has finally settled after a two-year put-and-call option revealing a $9.75 million sale price to child psychiatristFelicity Waters and her husband,Adamantem Capital managing directorRichard Waters.

The Potts Point terrace of Alexander Michael and his late partner Tony White was for decades home to their extraordinary art collection.

The Potts Point terrace of Alexander Michael and his late partner Tony White was for decades home to their extraordinary art collection.Domain

The house was originally listed for $15 million three years ago but never sold and in 2022 the listing was taken over by Raine&Horne’s mother and son team Jane and Samuel Schumann with a $10 million guide.

Michael and his late partner,acclaimed jewellerTony White owned the terrace since 1978,having paid $85,000.

Hyams Beach’s cash buyer

TCI Renewables chairman Jim Cooney sold his Hyams Beach weekender for $6 million.

TCI Renewables chairman Jim Cooney sold his Hyams Beach weekender for $6 million.Supplied

Emily Simpson,of the Fairfax media family and a former bra entrepreneur,has bought the Hyams Beach holiday home of multimillionaire yachtie and TCI Renewables chairman Jim Cooney.

Records show Simpson paid $6 million cash for the beachfront house,offering a decent return to Cooney given he bought it for $4 million in 2020.

Emily Simpson drove the establishment of Sydney’s first public labyrinth,which is in Centennial Park.

Emily Simpson drove the establishment of Sydney’s first public labyrinth,which is in Centennial Park.Quentin Jones

It was listed late last year with $7 million hopes with Highland Property’s Bill Malouf and local agent Craig McIntosh,of The Holidays Collection.

Simpson,the granddaughter of media proprietorSir Warwick Fairfaxand founder of underwear company Full Bloom,drove the establishment of Sydney’s first public labyrinth,which opened a decade ago in Centennial Park.

Simpson’s purchase sets a high for Hyams Beach,topping the $4.8 million record set in 2018 bySandy Jan,wife of foreign exchange dealerTony Collick.

Still with Jan,she recently purchased a Southern Highlands escape known as Rangeview in Glenquarry for $5.55 million.

Cottage Point flip

The Cottage Point weekender of Sylvia and Lawrence Myers last traded four years ago for $4.25 million.

The Cottage Point weekender of Sylvia and Lawrence Myers last traded four years ago for $4.25 million.Domain

When James Packer appointed Lawrence Myers last year as his new money guru,it clearly left Myers and his wifeSylvia less time to kick back at their Cottage Point weekender,prompting the Rose Bay-based couple to list it for sale.

Lawrence Myers heads up corporate advisory MBP Advisory,and last year was appointed the money manager of James Packer.

Lawrence Myers heads up corporate advisory MBP Advisory,and last year was appointed the money manager of James Packer.LinkedIn

The couple only owned it for three years,having purchased it for $4.25 million.

Sotheby’s Harriet France declined to reveal if the property scored more than its $6 million guide.

Settlement will reveal if it tops the Cottage Point high of $6.8 million set in 2021 by Temple&Webster chiefMark Coulter.

Lucy Macken is the prestige property reporter and Title Deeds columnist for The Sydney Morning Herald.

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