The record-smashing sale is a nod not only to this year’s prestige housing boom but an extensive renovation of the home – known officially as Cove House.
The sale is a nod not only to this year’s prestige housing boom but an extensive renovation of the house – known officially as Cove House – by vendors Lyn and Shane Noble.The Nobles listed the property a month ago for $15 million. They plan to build a catamaran to sail around the world following Shane’s resignation as chairman of Launceston-based agribusiness TasFoods last year.
The buyer remains undisclosed by Highland Property’s Mitchell Wynn. But he confirmed the sale, which tops Sutherland Shire house price records by more than $3 million. The previous highest house price in the area was achieved in 2018. Back then, the Kangaroo Point home built by Industrial Electrical’s Joseph Steiger sold for $10.86 million to Chris Donohue, the owner of the Westend Hotel in the CBD, and his wife, Ana-Maria.
The Nobles bought it in 2014 for $4.3 million, making a passion project of the extensive, seven-year-long restoration and renovation, with interiors by designer Brendan Wong and Secret Gardens landscaping that includes a glass-fronted pool and fire pit.Despite a bull run of top sales this year, Domain figures show Cronulla’s median house price rose 5 per cent in the year to the September quarter. That is a fraction of the 30.4 per cent rise across the broader Sydney housing market.
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