PHOTO: Conwoman Melissa Caddick’s incredible eastern suburbs mansion is set to hit the market within weeks.
Conwoman Melissa Caddick’s incredible eastern suburbs mansion is set to hit the market within weeks, after her husband was turfed out of the hilltop home via a court order.
Anthony Koletti left the Dover Heights home for the last time on Wednesday, with the threat of eviction hanging over him, after the Federal Court ordered the two-storey home to be sold off to repay his late wife’s creditors.
Several valuations have priced the property at around $15 million, which will go some way to paying off the 74 investors who lost around $23 million via Caddick’s Ponzi scheme.
Property records reveal fraudster Caddick bought the five-bedroom home via respected sales agent Brad Pillinger in April 2014 for $6.2 million.
House prices in Dover Heights, which has a median house price of $6.3 million, have spiked 45 per cent alone in the last 12 months and 93 per cent over the last five years, so that $15 million figure bandied about appears possible, if not a touch optimistic, especially given its inspiring harbour views,
According to the then-listing, the two-storey home is a “breathtaking state-of-the-art residence with iconic view”.
It also boasted that “no-expense was spared” in the fit out.
“A soothing palette of cocooning colours and luxurious materials married with high tech inclusions create a glamorous sanctuary where a series of beautiful living spaces provide separate zones for parents and children,” the listing continued.
“There is also a fully self-contained lower level.”
The house also boasts 180-degree views of the Harbour Bridge, Opera House and city skyline.
The kitchen includes granite benches and luxury imported appliances. The bathrooms “exude boutique hotel-like luxury”.
The home also has four bathrooms, a double garage, cubby house for the kids and heated pool on a 390 sqm block.
When Pillinger principal Brad Pillinger was asked about the 2014 sale and what Caddick was like, he said: “She seemed OK, but paid a big price — it was a little too easy.”
READ MORE VIA REALESTATE.COM.AU
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