Lady McMahon’s $6.25 m Bellevue Hill home and garden.THE Bellevue Hill home of the late Lady (Sonia) McMahon sold for $6.25 million at the close of the financial year.
The Victoria Road residence sold on Friday after being on the market since mid-February, when it was listed for auction with $6 million-plus price expectations through Sally Hampshire, of Laing+Simmons Double Bay, and Victoria Morish, of Di Jones Real Estate.
At the auction on March 24, the property passed in on a $5.9 million bid, and the agents have since been negotiating to secure its sale with the eastern suburbs buyer.
A socialite and generous patron, Lady McMahon, widow of the former prime minister Sir William McMahon and mother of actor Julian McMahon, was 77 when she died in April 2010.
The property has a northerly aspect and harbour views and is set near Scots College and Cranbrook School. Last traded for $3 million in 1991, the French Riviera-inspired residence stands on a block of 1252 square metres with a level lawn, swimming pool and harbour views.
It is totally private from the street, has four-bedrooms, large entertainment areas, a main bedroom wing (with two walk-in wardrobes, an en suite and terrace) and a poolside cabana with a sauna and bathroom.
In May last year another Bellevue Hill house was sold from Lady McMahon’s estate. Set on a 1745 sq m block in Drumalbyn Road, the six-bedroom, circa 1920s house remained vacant after she moved to live at her Victoria Road residence.
Sold for $9 million, the Drumalbyn Road house is where Lady McMahon lived with her husband and their children Julian and daughters Melinda and Deborah. Lady McMahon bought it for $123,000 in 1968, the year Julian McMahon was born. Her husband, who was prime minister between 1971 and 1972, died in 1988 at the age of 80.
Australian Property Monitors figures indicate 32 Bellevue Hill houses have sold during the past six months with a median price of $3.15 million and a top price of $13 million – for Rothesay, a Cranbrook Road mansion sold by property developer Tim Casey and his wife Anne-Marie.
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