Vaucluse waterfront next door to Menulog founder sells for $60m+

11 Coolong Rd, Vaucluse, right next door to the huge estate owned by Menulog co-founder Leon Kamenov, has sold for more than $60m.

The Vaucluse waterfront next door to Menulog co-founder Leon Kamenov has sold for more than $60m, the biggest result in Sydney this year.

The huge deal is a strong indication that the trophy home market is on fire this spring, coming in the same week of two other big deals in the east — Iona in Darlinghurst for $37.5m and Carmel in Edgecliff for circa $30m.

The latest sale was a five-bedroom, six-bathroom residence with three-car garage at 11 Coolong Rd, the home of the late Magda Moss.

It had a $60m guide via Ray White Double Bay principal Elliott Placks in conjunction with Sotheby’s principal Michael Pallier.

Other sources revealed this morning that a deal had been done, but when contacted the agents said they couldn’t disclose the result due to a confidentiality agreement.

The pair are known to have had interest above $60m ahead of Thursday’s closure of the expressions of interest campaign.

There were several parties fighting over it.

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11 Coolong Rd, Vaucluse is right next door to Menulog co-founder Leon Kamenov’s huge estate.

It was the home of the late Magda Moss.

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 impressive result means that between them, Placks and Pallier have sold the four most expensive homes in Sydney this year, being 69 Wolseley Rd, Point Piper (the home of Retail Apparel Group co-founder Stephen Liebowitz and his wife, Pam, also with Ray White Double Bay’s Adam Reichman); 38 Vaucluse Rd, Vaucluse at $56m (home of 98-year-old philanthropist Isaac Wakil by Pallier, Placks and Riki Tawhara); 12 Dumaresq Rd, Rose Bay at $54.6m (home of Frank Qiang Geng, by Pallier with Brad Pillinger of Pillinger).

The Coolong Rd property is right next door to Kamenov’s 4,200sq m luxury waterfront compound — estimated to be worth more than $200m.

It’s on 1,663sqm.

There were several parties fighting over it in the expressions of interest campaign.

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

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

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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