At that level, the result is the second-highest house sale in the Sydney suburb and returns Messara a handsome capital gain of more than $3 million in just 16 months.It is just one of a slew of trophy home sales that have secured their owners an impressive windfall in the post-COVID market. There is an acute shortage of homes for sale in the $20 million-range and strong demand from cashed-up buyers.
Atlas’ Michael Coombs declined to comment on the deal. But he had listed it recently with a guide of $25 million to $27 million. A sold sticker fronted the home’s billboard on Monday morning and settlement will confirm the exact price.The more than $25 million result is topped locally by theThat happened when the Balmoral slopes house on 1188 square metres was sold by Marjorie and Trevor Conway, the Dubai-based director of interdealer broker Tradition.
Following his purchase, Messara’s ownership of the property remained a carefully maintained secret given it was lodged in a beneficial trust. It was revealed by well-placed sources only after he listed it for sale late last month. His ownership also appeared in the paper trail behind the trust.
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