Point Piper boat shed

Point Piper boatshed sold for close to $40m is Sydney’s top sale so far this year

PHOTO: The Point Piper boat shed has sold for close to $40 million.

It says a lot about the strength of the Sydney property boom and strong demand for lifestyle properties that the most expensive property sold this year is a Point Piper boatshed for close to $40 million.

It took just a few weeks for the lavish harbourside playground to sell, making it the most expensive boatshed offered for sale in Australia, far more than the $30 million it traded for just four years ago.

Speculation among prestige agents indicates it sold at the top of its bullish $37 million to $40 million price guide range.

Ken Jacobs, of Christie’s International, was not contactable at the time of publication, nor was his colleague James Hall, but a caveat lodged on title on Wednesday confirmed the purchase by a mystery buyer through leading law firm McCullough Robertson.

The two-storey boatshed is set on almost 2000 square metres with a harbourside swimming pool on the grounds and one of the largest private marina berths on Sydney Harbour.

The boatshed has accommodation on the upper level, and a DA to convert it into a house has recently been approved by Woollahra Council.

29a Wunulla Road Point Piper
The O’Neil family owned the property as a private playground for 60 years.

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