Car dealer heir Scott Sutton sells Bellevue Hill home for more than $7.3 million

Car dealer heir Scott Sutton has sold his modernist Bellevue Hill home, pocketing more than $7.3 million.

The result offers a windfall of more than $1 million for each of the two years Sutton owned the property, having bought it in 2015 for $5.3 million.

There has been a renovation of the property in recent years, with work only recently completed before it was listed with Denise Cameron, of Raine & Horne Double Bay.

Cameron declined to reveal the exact sale figure or buyer, but confirmed the 1960s-built house with a swimming pool set a record for Benelong Crescent.

Sutton is widely rumoured to be trading up locally.

Sutton’s sale comes just a month after his father, car dealer Neil Sutton, sold his sub-penthouse in the Harry Seidler-designed landmark building Horizon in Darlinghurst.

The whole-floor spread on level 40 sold for close to $10 million.

Sutton has done well from Bellevue Hill’s soaring price values in recent years. In 2014 he paid $4.2 million to property developer Denis O’Neil for a 846-square-metre block of land. After DA plans were lodged for an Xpace Design residence on site, it was sold before the first brick could be laid for $6 million to its neighbours Lucinda and Russell Aboud, the executive chairman of hedge fund Manikay Partners.

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