Walker House, the luxury Bayview home of Chinese property developer Richard Gu, has new owners. It sold just hours before its scheduled recent mid-week auction.
Gu had paid $7.95 million for the home less than 12 months ago.
Walker House, completed under the ownership of the Walker family in 2007, had an $8.5 million guide through LJ Hooker Avalon agent Claudio Macolongo who was under instructions not to reveal the price or buyer.
The home with a 20 metre wet edge pool and championship size tennis court was based largely on the groundbreaking 1946 Kaufmann House in Palm Springs, California.
It has five bedrooms, five separate living zones, a gym, steam room and spa. Walker House was influenced by the designs of Richard Neutra and Frank Lloyd Wright.
This article was first published in the Saturday Daily Telegraph.