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Rose Bay is abuzz after yet another big waterfront sale, this time for $34m. And the price is nearly three times what the owner bought it for.
Property developer Paul Smith and his wife Hilarie bought their four-bedroom, five-bathroom residence with four-car garage at 20A Tivoli Ave for $12m in 2010.
![20A Tivoli Av, Rose Bay, NSW.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1024 768"%3E%3C/svg%3E)
The view that earned an incredible $22m profit.
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The talk in property circles this week is that it’s now sold for $34m via Double Bay agent Paul Rich, with no improvements having been made.
When contacted, Rich said: “I’m not at liberty to disclose any details, based on confidentiality agreements”, though reliable sources said the information was spot on.
![](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
Formal lounge; formal dining.
Right on the waterfront.
Iconic views.
The deal follows the sale of veteran stockbroker Brent Potts’s waterfront, Villa Florida, at 12 Tivoli Ave, last week after more than a year on the market.
That seven-bedroom, nine-bathroom Michael Sartor-designed residence with pool and iconic views was on a 1290 sqm block.
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That property had a $45m price guide, but Monika Tu of BlackDiamondz is refusing to discuss the sale price. Sources speculated it had sold in the $40m to $45m price range.
If it had exceeded $45m, it would have been the most expensive house price for the year in Sydney and Australia, beating Rosemont in Woollahra that sold for $45m the week before.
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That purchase was made by an “international buyer” residing in Sydney.
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No word yet on the new owner of the Smith residence at 20A Tivoli, which is on a 720 sqm block.
It’s one of two residences redeveloped together in 2008.
Evening pleasures.
Extensive living areas.
The house next door, 20B Tivoli, settled for more than $23.5m in 2019, when the property baron Stephen Burcher and his wife, Melissa, sold to the high-profile corporate lawyer Amanda Banton.
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That had been a five-bedroom, five-bathroom residence — redesigned by Bruce Stafford and Hare + Klein — on a 675 sqm block with a five-car garage that sold via Ben Collier of The Agency.
