Moshav Financial boss Tal Silberman has listed two mansions on Hillside Ave, Vaucluse.
Two neighbouring Vaucluse mansions with prized Sydney Harbour views are tipped to sell in excess of $45m after being listed as an amalgamated site.
The 2586sqm landholding on Hillside Ave has been put on the market by Moshav Financial boss Tal Silberman, and comes with approved plans for four luxury homes.
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Property records reveal Silberman’s company, Moshav Development Bondi Pty Ltd, purchased 8 Hillside Ave in 2018 for $11m, before paying $21m to Angela Teplitsky, the former wife of property developer Michael Teplitsky, for 9 Hillside Ave in a property play worth $32m.
The development will cash in on gun barrel views of Sydney Harbour.
CBRE’s Gemma Isgro, who is sharing the listing with Nicholas Heaton, said residentially, 8 Hillside Ave was now worth about $15m and 9 Hillside Ave was $30m in the current market.
“There is also the DA approval, which we are waiting for market feedback to see what that adds to the value of the homes,” Ms Isgro said.
The development plans approved by Woollahra Council detail four multistorey homes designed by renowned architect Luigi Rosselli. Residences will have luxury finishes, swimming pools, basement garages and gun barrel harbour views.
The two mansions set to be demolished share nine bedrooms, luxury interiors, manicured lawns and two swimming pools between them.
Artist impression of what the residences will look like.
The two homes have nine bedrooms and two swimming pools between them.
While interest is expected to be mostly from local, interstate and offshore developers, Ms Isgro said there was a chance it could be purchased by a residential buyer looking to build a grand residence.
“It is very rare to get a luxury housing development like this in the eastern suburbs,” she said.
“Generally you are likely to only find apartment opportunities in the area.”
The Australian newspaper’s Margin Call column last year reported Mr Silberman’s subdivision plan had been met with harsh opposition from neighbours concerned about loss of view and the visual impact of the homes.