Mosman home sells for close to $14.5m after two weeks on the market, $2.75m more than 2020

A Mosman home has sold for close to $14.5m after two weeks on the market showing the continuing demand for top-end properties.

And Michael Coombs, who shared the listing at 3A Avenue Rd with his Atlas by LJ Hooker colleague Bo Zhang, has negotiated a deal that’s $2.75m above the $11.75m that the pair last sold it for as the Covid lockdown hit in 2020.

The price has gone above the seller’s expectations — the guide had been $13.5m to $14.3m.

“We had 72 groups through over the two weeks and 14 contracts out, so really strong interest,” Coombs said.

And although there were locals interested along with expats, it was a family from the eastern suburbs that’s snapped it up.

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Coombs says it’s part of a growing trend — 28 per cent of buyers for properties priced above $10m are coming from the east, up from 9 per cent a year ago.

“They’re finding it’s better value,” Coombs said.

As Bo Zhang had said for a Mosman Daily House of the Week feature, the Studio Johnston-designed mansion offered attributes we’ve come to appreciate even more post-Covid.

“Internally, it’s very spacious with six bedrooms, including a studio, so it is ideal for a growing family or having the choice of home offices,” he said.

It also has separate family-friendly indoor and outdoor entertainment zones and is conveniently located close to Mosman village.

Other attractions included the five-star cinema room with eight leather reclining seats, the commercial grade Schindler lift that accesses all levels, the American oak wine room and the heated infinity pool with harbour views.

With water views front and centre of the architects’ minds, the main living spaces and several bedrooms feature grand walls of glass that frame Mosman Bay and let in plenty of natural light.

Records show the property is owned by Shao Ying Zhang, from China, who snapped it up in 2020 from barrister Stefan Schonell.

The expressions of interest campaign hadn’t been due to close until June 28.

Originally published as Mosman home sells for close to $14.5m after two weeks on the market, $2.75m more than 2020

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