PHOTO: The six-bedroom house on 440 square metres has jumped in value by 78 per cent in two years.
North Bondi’s runaway house prices were writ large at an online auction on Thursday night when a house sold for $11.235 million just two years after it last traded new for $6.3 million.
There had been no material improvements made to the six-bedroom residence with a swimming pool on 440 square metres in the less than two years between sales, leaving it to the housing boom to force the value up almost $5 million in that time.
The windfall should be good news for Annabelle Shamir, who at 30 is one of Sydney’s youngest trophy home owners after she purchased the Bellevue Hill mansion of fashion designer-turned-lifestyle blogger Stephanie Conley-Buhre in July for more than $30 million.
Shamir is married to dealmaker Adam Blumenthal, a Liberal fundraiser and co-founder and chairman of both his family-run boutique corporate advisory EverBlu Capital and cannabis company Cresco Pharma.
Following Shamir’s Bellevue Hill purchase she listed her North Bondi home on Murriverie Road with Ray White Double Bay’s Daryl Rosen and Warren Ginsberg, who offered buyers what was considered a bullish $9 million guide.
There were five registered bidders at the online auction and an opening bid of $8.5 million. The second bid was for $9 million, and the offers jumped by lots of $200,000 and $300,000 from there before auctioneer James Keenan brought the hammer down.
The result equates to a capital gain of more than 78 per cent in the less than two years Shamir has owned it, dwarfing North Bondi’s overall house price median rise of 15.4 per cent for the year to July.
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