Vaucluse waterfront next door to $200m compound has $60m guide

11 Coolong Rd, Vaucluse, is right next door to Menulog co-founder Leon Kamenov’s mansion, estimated to be worth more than $200m.

Described as a ‘generational oasis’, a Vaucluse waterfront has just hit the market and the agents have already had offers close to the $60m guide.

The property is right next door to Menulog co-founder Leon Kamenov’s 4,200sq m luxury waterfront compound — estimated to be worth more than $200m.

The former Ukrainian refugee spent $80m for four neighbouring properties in August 2020 and spent more than $30m building his huge new luxury mansion.

The new listing is the five-bedroom, six-bathroom residence with three-car garage at 11 Coolong Rd, home of the late Magda Moss, listed with Ray White Double Bay principal Elliott Placks in conjunction with Sotheby’s principal Michael Pallier.

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11 Coolong Rd, Vaucluse has incredible harbour views.

The three-level home was rebuilt two decades ago.

The jetty will win over a lot of buyers.

The 1,663sqm property, which has an indoor lap pool, oceanside swimming pool, pool house, slipway and jetty, has been in the Moss family for nearly 55 years.

The home was rebuilt two decades ago and has northerly views across the harbour to Middle Head and Manly from each of its three levels,.

“We’ve had a couple of offers just below the guide and we’re working up from there,” says Mr Placks.

Unlike most agents in the east who are saying their listings are down so far this spring, Mr Placks says listings by Ray White Double Bay, who have just moved to impressive new offices at 357 New South Head Rd, are “on par” with last year.

The kitchen is functional, but perhaps ready for a makeover.

What an entrance!

The Menulog co-founder is a big fan of solar!

“Our sales volumes were up for August and there’s good buyer momentum at the moment.”

He says lower interest rates will help businesses reduce their debts quicker and allow them to buy larger residential properties.

The purchasers will be in good company in Coolong Rd, with fashion designer Nicky Zimmermann and her husband/CEO Chris Olliver paying just shy of $60m — $59,500,000 — in 2022 for their six-bedroom, nine-bathroom home on a slightly larger 1848sqm waterfront block.

Other neighbours include property developer Robert Burger, who paid $38.8m for his seven-bedroom waterfront on a 1661sqm block in 2018 and stockbroker Robert Fiani who paid $34m for his in 2020.

Agent Alexander Phillips’s Coolong Rd home, which cost $11.1m in 2018, isn’t on the waterfront though it does have harbour views from the master suite.

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