James Packer to Amalgamate, Redevelop Vaucluse Supersite

BILLIONAIRE media and gaming magnate James Packer has received council approval to redevelop a 3369 square metre sloping site in Sydney’s ritzy eastern suburb of Vaucluse.

Mr Packer with wife Erica (picture, above) has acquired three adjoining homes between Wentworth and Victoria roads.

The largest home – a 1970s, unrenovated Guildford Bell designed mansion will be retained (view from pool, right). Mr Packer, through company Monac Developments Pty Ltd, paid $18 million for this home in mid 2009.

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Guildford Bell Designed Mansion Hits the Market in Portsea

A SPECTACULARLY located, waterfront house, designed by the same architect that penned James and Erica Packer’s luxury home, in Sydney, has hit the market.

The Guildford Bell designed double-storey home, at 3840 Point Nepean Road, in Portsea, is expected to fetch about $6 million when it is auctioned at midday, on Sunday February 13.

Set on almost half an acre, and with its own beach walkway, the four bedroom house includes a four car garage, a private walled courtyard, and a petanque court. Kay & Burton Portsea’s Liz Jensen is the marketing agent.

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