Idlemere listed with $50m price hopes
Lavender Bay’s waterfront Idlemere has been listed by former Mirvac chief executive officer Greg Paramor and wife, Kerry.
With $45-$50 million price hopes, the c1880 mansion, on 1418 square metres including a jetty, would smash the ($33m) record for a home on Sydney’s north shore.
Built for Rowing Association chairman Edwin Dietrich, the five bedroom, five bathroom Gothic Style dwelling was at the turn of the 20th century owned by banker Sir Thomas Dibbs.
According to records, Don Bradman rented the ground floor about 90 years ago.
In the mid-1980s, a syndicate including architect Peter Cox intended to replace part of the block with a four storey building with eight apartments.
It was following the refusal of that proposal by then-mayor Ted Mack that state environment minister, Bob Carr, who later became state premier, heritage protected it.
The Paramors outlaid $7.25m in 2001, keeping it regularly updated including most recently via architects Lucas Stapleton Johnson & Partners and Tim Allison Associates.
The listing comes 18 months since the couple paid property developer Duncan Hardie $10.5m for the Top of the Town penthouse, at Darlinghurst.
Developed in the 1960s as a hotel and converted to apartments 20 years ago, that property, like Idlemere, captures postcard Opera House and Harbour Bridge views, but from the opposite direction.
The pair also acquired a Palm Beach home for $5.5m in 2005 (story continues below).
Idlemere
At 11 Bay View Street – and with 31 metres of deep harbour frontage – the Idlemere holding includes two outbuildings – a boatshed and self-contained studio – around manicured gardens with a pond, able to accommodate large groups.
There is also a double garage.
The mansion is configured with 4.5 bathrooms, a 1260-bottle wine cellar, office, formal and informal living and dining areas and a chef’s kitchen.
Alison Coopes’, director of the eponymous agency, has the listing.
The record price for a north shore home was set in March when Dubai based Marjorie and Trevor Conway sold in Stanley Avenue, Mosman, for $33m.
In May, former ANZ executive Steve Bellotti relisted his residence in that suburb – on Iluka Road– with c$36-$38m price hopes.
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