Grand harbourfront mansion hits market offering unprecedented development opportunity

A landmark harbourfront mansion has rocketed onto the Rose Bay market, bringing with it an unprecedented opportunity for its new owner to capitalise on prime development possibilities and existing revenue streams.

The grand family estate occupies a sprawling 900sqm corner block of land at 629 New South Head Road, Rose Bay, and is anticipated to attract a price tag of between $15 - $16 million.

The property features two separate wings, an additional one-bedroom self-contained cottage/guest house plus an incredibly rare potential for substantial income by continuing the current owner's childcare business.

“This is one of the most versatile properties we’ve got on the market at the moment,” said David Malouf, Director of Highland Double Bay Malouf.

“There is enormous potential for those looking for a family home to further renovate, developers, and also those who share an interesting in taking over the preparatory school that the owner has run from the ground floor for the past 30 years.

“The estate as it is, is in impeccable condition and contains the highest degree of quality finishes and luxury considerations to indulge any buyer. But there is also that added opportunity to reimagine it into something new, should the buyer wish to do so.

“The location of this home is a prize in itself, gazing north, directly onto the Rose Bay harbour, in a prestigious pocket of southern Sydney real estate.  

“Properties of this calibre and pedigree are rarely offered. You’ve got the absolute pinnacle of a prestigious, coupled with magnificent scale and the exciting opportunity to further capitalise through development or business takeover.”

The home showcases exquisite c1880s period features that have been immaculately preserved, including soaring ornate ceilings, a feature stained glass window, chandeliers and stunning original leadlight windows.

An array of elegant and casual and formal living areas spill onto picturesque gardens, sun-soaked Travertine terraces and balconies with views over the boat-studded harbour.

The harbourfront landmark has officially hit the market, and interested parties can express their interest here: https://www.domain.com.au/629-new-south-head-road-rose-bay-nsw-2029-2017594683