The tightly held Flinders rural icon, Pinnacle Park has been listed for sale.

Offers are due 15 June with Kay & Burton.

"It represents a once in a generation opportunity," listing agents Andrew Hines and Gerald Delany said.

The cliff top estate with three homes comprises 70 hectares - 174 acres - of rural land with six titles.

With frontage onto Bass Strait, it has operated as a cattle-grazing farm.

The property is currently exempt from land tax.

Pinnacle Park is available for the first time in more than 55 years.

The Toohey hotelier family have their longtime Palm Beach weekender listed for sale at 19 May auction.

It has been in the family for more than five decades.

Tigh na Mara is one of only 20 properties fronting Ocean Road.

The family patriarch Vincent James Toohey - who built the original Time and Tide Hotel in Dee Why - secured 15 Ocean Road with his wife Irene.

The sprawling beach house on 900 square metres is beachfront reserve opposite the sand.

More than $4.9 million is tipped by Raine & Horne agent Glenn Lee.

Alistair Champion, the co-founder of Laser Clinics Australia, has bought a Palm Beach retreat.

It cost $7 million, $200,000 less than its 2010 sale by the Green hotelier family. It wsas the smaller of the two Tuscan-inspired residences sold for $7.2 million through David Edwards to veteran builder Robert Gough.

It is a bit of a trend for young Rich Listers to buy on the strip.

In 2013 Mike Cannon-Brookes, the co-founder and CEO of Atlassian Software Systems, spent $8.7 million to buy.

With an estimated net worth of $43 million, according to last year's BRW Young Rich List, Alistair Champion and his wife Kate McIvor paid $5.4 million for a mansion on Bellevue Hill in 2013.

The Victoria Road house was bought from derivatives trader Ian Clody.

The South Yarra office and home of the murdered interior designer Stuart Rattle sold for $2.05 million at auction yesterday afternoon.

The shop front is at 411-413 Malvern Road. It cost $229,000 in 1993.

The property is where Rattle was killed by Michael O'Neill, his partner of 16 years, who later set fire to the premises in December 2013.

In September of last year O'Neil plead guilty to Rattle's murder and in February was sentenced to 18 years jail.

Thomson agent Chris Stoupas had the listing with $1.8 million expectations.

It has been repaired since the fire.

The couple's retreat, Musk Farm sold last year.

Yes, the luxury Bronte house was rented by The Voice judge Ricky Martin, but it is the design features that truly sing.

Bronte Wave House is a Walter Barda designed beach house completed in early 2014.

More than $13 million is tipped for its 18 May auction.

Feaures include the lap pool which is indoor-outdoor complete with portholes that allow the swimmer to see into the ground floor living area.

There are limestone floors from the open-plan living areas to the wide terraces overlooking the ocean.

The property is listed with D’Leanne Lewis of Laing & Simmons, Double Bay.

The three-bedroom Bondi Beach apartment in The Bondi of the Fitness First founder Tony de Leede has been listed for sale.

The entrepenuerial Tony De Leede, also founder of Queensland's Gwinganna Lifestyle Retreat, has $4 million-plus hopes through Raine & Horne agent Ric Serreo for the 180 square metre space.

He paid $2,725,000 for the Campbell Parade PTW-designed apartment in 2010, which comes with limed American Oak floors.

The downsizing News Ltd economic columnist Terry McCrann has listed his longtime Camberwell family home.

It last traded in 1980 at $86,250.

It has been listed by Jellis Craig agents Chris and Michael Hingston who are telling inspectees around $2 million is expected at its 16 May auction.

Houses on the road have sold for as high as $2.3 million, with the last sale a $1.95 million in late 2014.

Nothing about picking the potential peak in the ever-confident eastern suburbs Melbourne residential market, just apparently time to permanently move for the family.

Imagine all the columns written in the home office - he reaches a bigger audience than any other columnist in Australia. Educated at Melbourne Grammar and Monash University where he obtained an Honors Degree in Economics, he has worked for the Sun News-Pictorial, the National Times, The Age and then at Rupert Murdoch’s News Corporation ever since 1987.

There was even a time in the crazy days of the late 1980s boom when his Camberwell phone was bugged.

A bugging device was attached to the telephone pole across the road with conversations taped in the secret operation code-named Willeton coming at the height of the Bond Corporation battle against the Holmes à Court cash-rich company, Bell Resources Ltd.

The device on Terry McCrann's phone was discovered by Telecom workers checking the line who reported it to the Federal Police.

Set behind bushy gardens, the four bedroom home comes with free standing studio served by its own bathroom on the 950 square metre block.

The McCrann's are likely to live in a city apartment where they will be close to the art galleries where Tittle Tattle often sees the art devotees in between his economic edicts.

The latest was the economentariat hadn’t got the memo: "2015 was — and still is — going to be the year of month to month uncertainty about interest rates.

"The economentariat was broadly taken by surprise by the opening February rate cut.

"It was again, broadly, surprised — and narked — by the RBA’s “failure” to deliver a second cut in March.

"And then was quite beside its collective self that it again failed to cut in April."

In 83rd place, the expatriate veteran Australian billionaire hedge fund trader Michael Hintze again tops the list of London's wealthy who have strong Australian links, in the latest Sunday Times 1000 Rich List.

Hintze ranked 92nd last year with an estimated worth of £1.23 billion, up from £175 million. He doesn't have a home in Sydney but has been particularly active in his NSW and Queensland rural property acquisitions.

His rapidly expanded east coast farming portfolio has been deemed an investment not just looking for capital gain from the properties but seeking solid returns on production.

The London-based hedge fund founder has amassed one of Australia’s fastest-growing farm portfolios, with acquisitions totalling about 50,000 hectares since 2007.

His private pension fund, MHPF, spent about $142 million on the land and water purchases.

With an estimated worth of £1 billion, Urs Schwarzenbach, the Swiss-born financier based in Britain, and his Australian wife, Francesca, rank the second highest when it comes to those with strong Austalian links in the 2015 Sunday Times 1000 Richest in Britain list.

Title Tattle reckons we can call them both Australian's as the Schwarzenbach's are occasional Balmoral clifftop house occupants. They have extensive southern NSW rural interests having spent more than $35 million in rural property, mostly between Harden and Jugiong, which includes showpiece polo-playing estate Garangula, and Redbank, the homestead briefly owned by impresario Robert Stigwood. The couple maintain Redbank, the $5.1 million Jugiong property purchased in 1999, as the pastoral company's headquarters.

Of course Redbank was held by the Osborne family for 145 years before being sold for $2.8 million in 1981 to the Stigwood, who bought the property on Rupert Murdoch's recommendation while in Australia attending the premiere of the movie Gallipoli. It sold again in 1984, and again in 1988, for $4.69 million. Redbank hosted England's Prince Harry as a jackaroo in 2003.  The son of a print shop owner, Schwarzenbach made his fortune from foreign exchange trading after founding his own company, Intex Exchange. Urs sits at 108 in this year's Sunday Times list, up from the 115th place last year.

Mike Cannon-Brookes, the 35-year-old IT entrepreneur - and Australia’s equal richest self-made billionaire under 40 – has debuted on the Sunday Times list in 189th place. Having co-established the software company Atlassian 12 years ago, Cannon-Brookes only recently spent $12 million of his wealth to upgrade to a 1918 Centennial Park trophy home (pictured below). The Sunday Times gives his wealth at £591 million. His business partner Scott Farquhar sis a 192nd place with a £586 million estimated wealth.

Danny Hill sits in 586th spot, with a £196 million wealth, down £37 million.  Monaco-based Hill left Belfast for Australia after school and built a fortune in property, mining and investments. He was involved in Perth record setting house deals back in the very early 1980s. As Title Tattle once noted Swan River mansion mania is not new. It was the house that theatrical entrepreneur Michael Edgley sold in Dalkeith for $2.1 million in 1979 to Japanese buyers. The Jutland Parade house sold again in 1980 for about $4 million, setting another Australian record through estate agent Willy Porteous, when bought by the mining speculator Danny Hill who at the time operated the El Caballa Blanco in the hills behind Perth. Apparently much of his wealth comes from providing housing in Queensland.

Lord Glendonbrook, formerly Sir Michael Bishop, with a current steady wealth of £200 million, ranks 476th. He was the chairman of BMI, the Midlands-based airline now owned by British Airways. Lufthansa took it over in 2009, paying £223 million for his stake. The Tory peer, 71, made £32 million from the 1998 flotation and 2001 sale of British Regional Airlines. Lord Glendonbrook lives in Darling Point for a substantial part of the year. Lord Glendonbrook was born in the village of Bowdon, near Manchester, and raised the only child of an Englishwoman, Lilian, and an Australian, Clive, who, as a teen, escaped an unhappy childhood in Melbourne, headed north and landed in Glendonbrook, to work on a farm. In 2010 he was appointed a peer of the realm in the UK, but with so many Bishops already in the House of Lords, he decided to take another title. His thoughts turned to the NSW Hunter Valley hamlet he first visited in 1965. He received permission to call himself Baron Glendonbrook of Bowden in the county of Chester.

In 420th place is young gun fund manager, Hilton Nathanson the co-founder of Marble Bar Asset Management, who sold his stake in 2007 to a Swiss bank for about $245 million. He hails from Melbourne. His worth is put at £230 million.

The Lonely Planet founders and philanthropists, Maureen and Tony Wheeler appear in the London list, although generally regarded to have settled in Melbourne's Hawthorn where they paid $1.47 million back in 1999. They rank 842nd with a steady £112 worth. The Belfast-born Maureen  and her husband Tony sold their Melbourne-based Lonely Planet publishing empire for £131 million. Tony and Maureen Wheeler started Lonely Planet after selling 1500 copies of their first book, Across Asia on the Cheap, which arose from their honeymoon trip.

Seumas Dawes, the London-based Australian merchant banker, who made his fortune at fund manager Ashmore group sits in equal 787th place with a steady £124 million worth on the Sunday Times Richest 1000 list, but down from 739th place last year. Property Observer reported that Dawes had poured splurged some of his net worth in a serious Bronte acquisition. The funds manager and his wife, Rosemary initially spent $12.3 million for a large, modern three-storey residence in 2006. Unquestionably one of the most expensive coastal suburbs in Sydney's east, the Bronte property sits along the exclusive strip known as The Cutting. It was a modern five-bedroom residence on the ocean side of Bronte Road overlooking the beach and ocean. Then earlier this year the couple splashed out with the $16.5 million purchase of the neighbouring house, which they're set to bulldoze and expand their garden and garaging in grounds prepared by Formed Gardens. The new works which include gym and cabana, improve the neighbouring contemporary houses's north eastern aspect. It's only going to cost $846,000 apparently, which will take their spend to $29.6 million.

Buying only recently in Sydney, Lord Alli, sits in equal 436th place with a £220 steady worth. The British media entrepreneur and multi-millionaire Baron Waheed Alli purchased an apartment in the Dominion development at Darlinghurst. He is the co-founder of Planet 24, one of Britain’s largest TV production companies, responsible for hit shows such as Survivor. Dominion – developed by Cbus Property – will consist of 108 apartments split across three buildings, each seven levels high close to Oxford Street. Property Observer reported that Lord Alli used his interior designer, Jonathan Adler from New York, to help with the finishing touches of his fifth floor Darlinghurst apartment

Len Blavatnik was named Britain's wealthiest man in the Sunday Times rich list with a worth of £13.7 billion, according to the list which had a cut-off wealth of £100 million. The 57-year-old, who became a US citizen in 1984, started an investment company, Access Industries, two years later, eyeing the opportunities offered by the sell-off of Soviet state-owned industry. At his 50th birthday party, she surprised him by dancing with a troupe of professionals in a Ballets Russes adaptation. He owns a £41m mansion in Kensington Palace Gardens and recently paid $77m for a five-bedroom duplex in New York. Blavatnik’s 10 quoted and private company stakes are worth £9bn. With £3bn of cash, £440m of property and other assets, he is worth £13.17 billion.

Oh and other entreprenuer from our distant corner of the earth was Eric Watson, the now London-based New Zealander, who has assets in finance, property and retail in 386th place with a £259 million worth, up £19 million. He became known when taking a majority stake in NZ Warriors, the Auckland rugby league team.

The falling rich Mark Creasy lives in Perth's Peppermint Grove, down £177 million. With a £248 million net worth, Mark Creasy, the mining entrepenuer ranks 406, having peaked a couple years back at 173rd on the list. The British-born Creasy, 68, made his fortune prospecting for gold in Australia, selling a claim in the outback for £50 million in 1994. Sirius Resources, a mining company, discovered nickel deposits on a site in Western Australia.  The veteran investor Mark Creasy had been climbing the ranks in Rich List as he was 680th richest person in 2006, with a then personal fortune of £85 million.

The Scottish-born engineer Bill Paterson - and co-founder of WorleyParsons who went off to run his own engineering consultancy in Sydney - was once ranked at 275 place. But his fortune once estimated at £308 million slipped £90 million to £110, with Paterson in 856th place.

That high flying hedge fund guru - who took early retirement - Greg Coffey no longer ranks on the list. Some of his fortune was spent when the high-flying Australian finally secured his Balmoral compound, Title Tattle reported. It was sealed with the acquisition of a $3.5 million Burran Avenue holding taking his property consolidation to a four-lot 4,400 square metres that cost $17.8 million. The purchases included a strategic 610-square-metre holding to the hillside compound, which began with the purchase of the Merdjayoun estate in 2005.

Jon Aisbitt, best known for his stint at Goldman Sachs in Sydney, no longer sits on the list which required a £100 million worth. He was really only a nominal Australian with a short stint spent on Sydney Harbour. It was 2002 when the London-bound departing Goldman Sachs co-chairman and his wife, Julie, secured $13.5 million for their Point Piper base. The Wunulla Road house was renovated before and after its $9.6 million purchase in 1999 by architect Luigi Rosselli, who appeared before a subsequent Land and Environment Court hearing to argue for its heritage listing. The house was built for the Rose family in the early 1960s by architect Adrian Snodgrass, who was influenced by the Wrightian style of the Sydney School of Architecture. Aisbitt, 56, chairs the Man hedge fund. He made £50 million from Goldman Sachs' flotation, £15 million from share sales and £55 million from investments in Ocean Rig and Redburn Partners, according to the list.

A Lovett Bay property once owned by the legendary actor Chips Rafferty has been listed for sale with $3.5 million plus hopes through Unique Estates.

The property, on Pittwater's western foreshore, was rebuilt the house into a modern residence cantilevered over the water by the retired businessman and yachtsman John Dunn and his wife, Bernice.

The couple had bought Laffing Waters for $550,000 in 1987.

Title Tattle recalls in 1949, Chips Rafferty and his wife, Ellen, bought the block for £1,205 and built their house.

Accessible only by boat, ferry or water taxi, the house has 180-degree views from every room, including the living room and the main bedroom suite, which has a sitting room and study. There's also a private deep water jetty and pontoon.

In 1998, the Dunns bought the neighbouring Sturdee Lane property for $350,000, extending the block to 2538 square metres.

The Toorak home of Tony Suhan, the Australian importer and distributor of Advanti alloy wheels and Nexen tyres, has been listed.

It is a townhouse designed by Nicholas Day. There's three bedrooms, a home cinema, living and dining spaces and a private north-facing garden and an internally accessed basement double garage.

It is a short walk to Toorak Village from its location.

Marshall White agents Marcus Chiminello and Nicole French holds the 7E Woorigoleen Road listing. There have been reported $2.7 million hopes for its May 9 auction, though Property Observer has been more recently advised they are anticipating buyer interest in the early to mid $2,000,000 range.

It cost $2.7 million in 2011.

There is around 310 square metre space in the 1999-built townhouse that first sold at $1.11 million.

So the foreman Keith was the closest to estimating the selling price when he suggested $2 million quite early in the latest season of The Block.

No-one else went closer - not even the realAs guesstimate website algorithms which struggle factoring in emotion.

Jellis Craig’s Andrew McCann and Carla Fetter again lead an auction campaign to deliver a win for the provocative couple, Deanne and Darren Jolly on The Block Triple Threat.

This was the second win for the Jellis Craig sales team, having previously secured a win for the Voss brothers on The Block Glasshouse last year.

The televised auction saw, 4/27 Darling Street, South Yarra go under the hammer with five buyers.

Supported by the Sydney auctioneer Damien Cooley, Jellis Craig sold the apartment for $2.29 million against its ultra-conservative reserve of $1,455,000.

The entire block of the then 12 apartments had been bought for $5.69 million before the four townhouse conversion, so the reserves didn't even match the initial pre-renovation acquisition costs.

Gotta love the Deanne and Darren comeback win on The Block - walking away with $935,000 in funds will see them re-enter the property market after selling in Surrey Hills. That's after they take their girls on a spontaneous holiday.

But the other big winner on the night was their auctioneer Damien Cooley who yet again showed up the locals for his sale topping auctioneering results.

He's won four times for his clients.

Sure this time they had the best apartment with the key features of the biggest balcony space and undercover access from the garage.

But Damien Cooley secured the decisive last bid from the buyers agent Nicole Jacobs to possibly win the night for Deanne and Darren.

He then had to see if it was enough, which it was.

Damien Cooley showed the merits of the auction system which currently puts most of his Sydney vendors in the plum position of getting more out of buyers than they would ever dream.

Obviously the Block silliness triggered higher than sensibly expected prices.

Comparable sales of townhouse apartments in South Yarra have ranged between $8,000 and $10,000 per square metre, while the Block apartments fetched between $12,000 and $13,000/sqm.

Just before Damien conducted the auction Deanne’s last words were “leave nothing on the table”, and Damien did just that.

The couple would have finished in second place if he had not secured a final bid of $32,000, winning the series by just $25,000.

Buyers agent, Nicole purchased the property on behalf of a couple with teenage children. The family was downsizing from their large home in Brighton who no longer wanted the responsibility of maintaining a backyard and pool.

They loved the idea of purchasing a home with everything included and plan to sell the entire contents of their Brighton home (minus a few valuable items) and keep all of Deanne and Darren’s winning furnishings and styling.

Fashion designer Collette Dinnigan has snappily sold her Paddington trophy home ahead of its scheduled 23 May auction through McGrath agent Ben Collier.

Her four bedroom sandstone Paddington Street house became redundant following her purchase at Watsons Bay.

Set well back from the street, the four bedroom double-fronted residence on 379 square metres cost Dinnigan $4.45 million in 2009.

It has been reported she secured around $6 million for the 1880s home, but Title Tattle gleans around $6.5 million was secured.

Dinnigan and her partner Bradley Cocks had it briefly listed in 2010. The property was in conjunction with Will Manning at Ballard Property.

Title Tattle recalls it was bought from Peter Bracher who had bought the farmhouse cottage in 1989 for a then record $1,075,000.

It had been bought in 1975 for $82,000 by Hinke Zieck, the longtime Sydney ragtrader-cum-decorator and her husband Walter.

The former Network Nine boss Jeff Browne has sold his Bondi Beach triplex apartment located opposite the Bondi Icebergs for around $4 million.

A New Zealand buyer flew into Sydney last month exchanging the same day through Paul Langsam, of Raine & Horne Bondi Beach.

The apartment in the Graham Humphrey-designed triplex on Notts Avenue failed to sell when listed last October.

It cost $3.2 million in 2011.

The north-facing apartment with ocean views was developed in 2004 by the Elterman family.

The block's penthouse set a Bondi Beach apartment record when bought in 2006 for $9 million by Spencer Young, founder and until recently chairman of hedge fund holding firm HFA.

Brown, who was Eddie McGuire's right-hand man in the brief stint at the Nine Network, is a former AFL lawyer and passionate Collingwood Magpies fan. He retains a base in Melbourne at his South Yarra sub-penthouse. 

In late 2010 he paid $5 million for a luxury apartment within Fridcorp's South Yarra complex on the north-west corner of 709 Chapel Street, near the southern end of the Church Street Bridge.

Tresor, a curvaceous and distinctive Elenberg Fraser-designed glass tower with 99 apartments, was approved despite concerns it would overshadow the abutting Melbourne High School and increase traffic to the already-busy Chapel Street and Church Street, Richmond, retail strips.

Browne is returning to Nine to run its AFL and NRL broadcasting right negotiations, according to the Australian media diary columnist Sharri Markson.

The Baker brothers have listed their barn residence at Exeter with $1.85 million hopes.

It last sold through Drew Lindsay at Drew Lindsay Real Estate at $860,000 in 2011. 

No ordinary abode as it was style queen Maggie Tabberer who was its last owner.

But the New England-style barn at Exeter goes back further having been bought by Maggie in 2001 from acclaimed singer Anthony Warlow for $425,000.

The three-bedroom, lavender-grey barn is on 2050 square metres of established gardens with high hedges.

It was built by Tony and Michelle McAuslan in the early 1990s. 

The North Bondi home of the late Luigi Coluzzi sold under the hammer last month for $1.73 million. 

The founder of Bar Coluzzi in Darlinghurst died last year, aged 84, prompting the listing of his single storey Glenayr Avenue semi through McGrath agent Peter Starr and Raine & Horne agent Ric Serreo.

It last traded in 2000 for $571,500.

Luigi Coluzzi's cafe in Darlinghurst was a place for decades where artists rubbed shoulders with politicians, actors, leading lawyers and late night taxi drivers.

One of the bayside Melbourne's finest homes has been sold by the agriculturalist Ken Jarrett and his wife, Carolyn.

It is the captivating boomstyle Victorian residence at 140 Beaconsfield Parade, Albert Park which sold at around $7.5 million.

Behind its elaborate original facade, it showcases interior designer David Hick's luxury style located directly opposite Albert Park beach.

Marshall White agent Lisa Jarrett had the listing, set between Kerford Road and Mills Street.

Title Tattle recalls it last sold 15 years ago at $1,115,000.

The Surry Hills, Sydney warehouse abode of Kay Lanceley, widow of the late Australian artist, Colin Lanceley, has been listed with $4.2 million plus hopes.

The listing follows the death in January of 77-year-old Colin Lanceley who paid $450,000 for the Esther Lane warehouse in 1992.

It was bought from their friend, the art dealer, Ray Hughes, who had purchased the rustic warehouse from the estate of another art dealer, Rudy Komon.

Listing agent Ivan Bresic of BresicWhitney has the 468 square metre holding up for June 13 auction. I

t's marketing suggests it is located at the epicenter of cultural diversity, eclectic art, fashion and food.

The longtime Woollahra home of the late composer Peter Sculthorpe sold at auction this afternoon.

It was sold at $3.75 million to Peter and Doris Weiss, who Title Tattle gleans are set to establish a music fellowship in residence centre, in Sculthorpe's honour.

There were four bidders at the onsite Goodyer auction which saw bidding open at $2.6 million for the three bedroom cottage that sits on a 302 square metre block diagonally opposite the Lord Dudley Hotel.

There was an initial 84.4% weekend auction success rate for Sydney, according to Australian Property Monitors, down slightly on last weekend's 86.2% result.

Peter Weiss was spotted in the leafy street well ahead of the 2pm auction, while Doris only turned up when bidding was at $3.4 million.

The internationally renowned composer was best known for his orchestral and chamber music, most notably his 1988 piece Kakadu.

His generosity in life continued after he died last August, aged 85, with a bequest to establish a chair in Australian music at Sydney University, funded in part by the sale proceeds. 

Now it seems likely charming Holdsworth Street cottage, which Australia's most famous composer purchased in 1976, will become a music fellowship in residence centre. 

It had a price guide of more than $2.75 million through Goodyer's Pauline Goodyer.

Neighbours were the underbidders. Music students appeared to be in attendance. 

Sculthorpe's portrait by artist Eric Smith won the Archibald prize in 1982, which can be viewed in the National Portrait Gallery, Canberra having been purchased with funds from the Basil Bressler Bequest 2004.

The Armadale home of former Liberal Party federal president and state treasurer Alan Stockdale was passed in at $3,525,000 on Saturday after it fell well short of its $3.95 million reserve price.

Marshall White agent Marcus Chiminello had the warehouse home of the Liberal Party heavyweight and his wife Dominique Fisher up for sale last December.

The property occupies a 410-square-metre block and includes two dwellings separated by a courtyard.

The main two-storey home is a former postcard factory, developed around 1900. It has been reconfigured to offer four bedrooms, a study and two living zones opening to the paved outdoor area.

Across the yard is a single-storey self-contained unit with two bedrooms.

Stockdale was Treasurer for seven years in Jeff Kennett's government, from 1992 to 1999, and is credited with rebuilding Victoria's finances following a crash in the economy.

Marshall White's Marcus Chiminello and Susan McGlashan with Ray White Carnegie's Josh Hommelhoff were managing the expressions of interest campaign last December.

In June last year, the former Toll executive Mark Rowsthorn sold another swish Armadale warehouse conversion.

The 99-year-old former Golden Crust Bakery, on a 915-square-metre block in Sutherland Street, sold for $11.5 million to Village Roadshow chief operating officer Clark Kirby and his wife, Sarah, a former television presenter.

The Point Piper trophy home, Mandalay has been quietly sold.

Title Tattle gleans an Australian buyer who migrated from China, has paid around $40 million plus through Black Diamondz Concierge in conjunction with Bill Malouf of LJ Hooker Double Bay, who sold it 11 years ago.

The sale most likely matched the nearby mooted $41 million paid for the Villa del Mare trophy mansion earlier this month.

The Wolseley Road-Wentworth Place, Mandalay was sold by the former US tobacco executive, Bill Webb and his wife Marijke having traded in 2004 for $20 million. They have been mostly Melbourne based. 

It had previously traded when businessman Kerry Manolas and his wife, Patricia paid $440,000 for it back in 1978.

It was built in 1954 for General Motors dealer Bill Stack.

The non waterfront hilltop home with the massive 80 mere frontage to Wolseley Road was redesigned in 1994 by architect Michael Suttor, with interiors by Michael Love.

It was marketed as "Mandalay - Sophistication, Elegance and Grandeur."

"A spectacular family residence, Mandalay is positioned to capture breathtaking, views of Sydney's magnificent harbour, bridge and Opera House. 

"This sophisticated three-level, 900 square metre, European-style villa is set on nearly 1,891 square metres of manicured grounds and presents opulence at every turn."

 

The unconfirmed $40 million plus sale is the highest to date in 2015, however the non-waterfront record holder, Villa del Mare did resell privately earlier this month to Pyrmont resident, Lola Wang Li in an off-market transfer expected to be confirmed at a face saving $41 million.