Former banker Steve Bellotti has relaunched his Mosman mansion with an eye-watering $36 million to $38 million price guide, which would set a new suburb record should it sell.
Mr Bellotti’s five-bedroom, six-bathroom designer property sits on 1720sq m of land above Taylors Bay adjoining waterfront reserve and has spectacular harbour views.
This is the second time Mr Bellotti has looked to sell the waterfront mansion, first listing it in October 2020 with a price guide of $33 million to $35 million, before the banker decided to ride out the pandemic and stay put according to realestate.com.au.
Mr Bellotti purchased the Iluka Rd property for $9.5 million in 2014 before undertaking a range of renovations with the help of acclaimed architect Shaun Lockyer to create an ultra-contemporary house featuring concrete, stone and timber spread over three levels with interiors by Justine Hugh-Jones.
The trophy home was finally completed in 2017 and is set up for a work-from-home couple featuring his and hers offices, his and hers ensuites, a guest suite, pool, outdoor heating and climate-controlled wine cellar.
Selling agent Michael Coombs, of Atlas Lower North Shore, said buyers from the Eastern Suburbs have been actively moving to the Lower North Shore for the large blocks on offer.
“People are cautious and the $3 million to $8 million market has slowed down, but anything north of $10m has four to five times the number of buyers …and people’s focus has changed valuing lifestyle and health more,” Mr Coombs said.