Designer Vicki Vlahos sells Gladesville house for record $10.25 million to cash buyer

Vicki Vlahos, of The Dollhouse fashion label, has sold her Gladesville waterfront home for a suburb high of $10.25 million to a cash buyer from a few doors away.

The deal was transacted with a one-day settlement to Jeremy Hon Tsung Chan, described only as a “resident” by selling agent Tim Le, of Raine & Horne Gladesville.

Property records show Mr Chan bought the non-waterfront house three doors away for $4 million in 2018.

Vlahos founded the Bexley-based bridal and formalwear fashion house with her cousin Danielle Makhlouf in 2012, targeting the US beauty pageant market.

Their Portia & Scarlett label made its debut at New York Fashion Week last year, and the fashion house diversified into medical products earlier this year with the introduction of N95 facemasks and digital thermometers to their online range.

Vlahos bought the waterfront residence designed by architecture firm Manolev Associates in 2017 for $8.12 million.

It is one of a handful of prized waterfront residences on the west-facing side of dress-circle Wharf Road that have dominated the suburb records in recent years.

In 2016, Sydney party boat operator Joe Elias set a high of $7.095 million when he bought the waterfront house two doors away, and that was topped a year later at $9.5 million when next-door sold to Jieheng Yu, 29, an associate of the Hong Kong Choi family headed up by toy mogul Francis Choi, known as the “King of Toys”.

One of Google’s most senior global executives Anil Sabharwal, who created Google Photos, is another waterfront neighbour, having bought four doors away for $3.7 million in 2015, and adding a $5.97 million half-built house behind it last year to create a 3000-square-metre holding.