Sunday, 12 July, 2020

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Blumberg’s Vaucluse waterfront has $11m guide while Kaljo home sells for about $10.5 million

No. 26A The Crescent in Vaucluse could be yours.

Sydneysiders can snap up the Blumberg family’s $11 million Vaucluse waterfront reserve home, but you’ve missed out on Richard and Lilli Kaljo’s dream home that’s sold for about $10.5 million.

The four-bedroom home in Vaucluse’s dress circle at 26A The Crescent — home to Carleen and Michael Blumberg for 42 years — looks a magnificent opportunity for an astute purchaser.

Its $11 million guide — ahead of a November 16 auction via Sotheby’s managing director Michael Pallier — will be attractive since the homes either side have sold for much more.

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No. 26A The Crescent, Vaucluse … the homes either sold have sold for much more.

Cosmetic surgeon and hotel mogul Jerry Schwartz and his wife, Debbie sold their seven-bedroom waterfront reserve home on a 1024 block at 24 The Crescent for $17 million in 2015.

And Menulog co-founder Dan Katz​ and his wife Nicole paid $20.3 million for their five-bedroom waterfront at 28A The Crescent on an 893 sqm block in 2016.

The Blumbergs’ property is on a smaller 549 sqm block, though, and you’ll need to BYO bulldozer or at least be prepared for a major renovation.

No. 26A The Crescent, Vaucluse … what a view!

But in the end you’ll own a dream home on an extra wide block — it boasts a 16-metre harbour frontage — and panoramic, never to be built out, north westerly harbour views. There’s even a boat shed.

Vaucluse home has iconic Bridge and Opera House views

No such task awaits the eastern suburbs family that bought the Kaljo home up on the hill at 10A Dalley Ave, which I described as “a slice of heaven” in the Wentworth Courier House of the Week.

No. 10A Dalley Rd, Rose Bay, has sold for about $10.5 million.

The well-built three-level, five-bedroom home on a huge 1,173 sqm block, with manicured gardens and a pool, has iconic harbour views.

Kate Zuppicich and Elliott Placks of Ray White Double Bay and Michael Paraulakis and Brad Pillinger of Pillinger were all bound by a confidentiality agreement, unable to disclose the sale price.

Other sources, though, put the result at about $10.5 million, which is a big price.

It had been for sale in an expressions of interest campaign, initially with a $13 million guide.

The Kaljos are planning to downsize to an apartment. “ We want a view … somewhere up high,” the businessman told me at the time.