Pagent family's Cremorne Point home Belvedere sets $16 million record

The Cremorne Point residence owned by Maryanne Pagent, matriarch of the car dealing family, has reset the suburb’s house price record at close to $16 million.

The grand manor-style mansion, known as Belvedere, is one of the largest waterfront reserve parcels on the Point and was one of the noted restorations and landscape projects of Anthony Tisch about 20 years ago before he sold it in 2003 for $7.25 million.

The six-bedroom residence complete with a pool, office, guest wing and billiards room was previously home to Joanne Mellor-Stuart and former Goldman Sachs co-chairman Andrew Stuart before it sold in 2015 for $8.4 million to Pagent, wife of Ian Pagent.

It was listed a month ago for $16 million by The Agency’s Ben Collier and LJ Hooker Avnu’s Michael Coombs, and flagged as sold on Domain.com.au on Tuesday. Neither agent would reveal the sale price, but sources say it would have sold for close to the asking price given it transacted ahead of this Friday’s expressions of interest deadline.

It tops the $15 million high that has stood since 2007 when lawyer Tom Goudkamp and his designer wife Julie McCourt sold their Federation mansion on a double waterfront block on Cremorne Road to Amanda Stabback.

Cremorne’s record was reset late last year at $19.1 million when the waterfront mansion of businessman Carl Peterson sold to Yue Li,  a director of corporate entities Cosmos Luxury Yachts and Midas Investments (Aust) by Mr Coombs.

The high came a year to the day that the previous high of $18.8 million was set when the nearby Wonga Road residence of landscaper Anthony Tisch and wife Wendy sold to little-known James Wang and  Shanghai-based Shanghai Zhenxing International Investment owners Wang Zhengxing and Chen Caie.

The Lavender Bay home of former Metcash chief executive Ian Morrice and his interior designer wife Linda sold their property after four days on the market earlier this year despite carrying a guide of $15 million to $16 million.