Filmmaker Alex Proyas sells Blue Mountains' Invisible House for $3 million

Hollywood filmmaker Alex Proyas has sold his award-winning Blue Mountains retreat, Invisible House, for about $3 million.

Despite the property’s impressive design accolades the rumoured sale result shows it was seriously discounted from the original $9 million hopes when it was listed two years ago. The price guide was more recently reset at $4.8 million.

Art collector and leading Brett Whiteley art dealer Steve Nasteski is expected to emerge as one of a syndicate of buyers of the Megalong Valley property after corporate records revealed the establishment this month of a company name “Invisible House”.

The architect Peter Stutchbury-designed residence was awarded the highest housing honour in 2014 when it was named Australian House of the Year, and was shortlisted in 2016 for the prestigious Royal Institute of British Architects International Prize.

Proyas, the Australian director of the 1994 hit movie The Crow and 2016 fantasy film Gods of Egypt, took nine years to source the land on which to build his dream weekender, and commissioned the cutting-edge residence after he purchased the 65-hectare site in 2005 for $760,000.

Set on the Blue Mountains’ western slopes it took three years to build and was constructed using concrete, Mudgee stacked stone, steel and hoop pine building materials. One of its standout features is a cantilevered roof with steel boxes that open the internal living areas to light.

Giorgio Koula, of Sotheby’s International, and Marcus Lloyd-Jones, of Modern House, said throughout the campaign that pricing such a rare, standalone residence had been a challenge given there were no comparable properties in the district. Neither agent would reveal the sale figure or buyer details, leaving the $3 million sale figure to a local source.

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Nasteski is no stranger to high-profile property deals. In 2016 he and his actor-turned-singer wife Alisa sold their P&O-style home in Coogee to comedian and award-winning composer Tim Minchin and his wife Sarah for $5,875,000.

The youngest daughter of mining mogul Gina Rinehart, Ginia Rinehart, bought Nasteski’s Bondi Beach penthouse in the Bondi Pacific last year for $14.75 million.

Among the other new Invisible House co-owners is entrepreneur Steve Shelley, co-founder of software company Deputy, whose Burraneer Bay, waterfront home Nautilus is another winner of Australian House of the Year from 2016.

Erika Krebs-Woodward, widow of whitegoods supplier and art collector Jim Woodward, also has an interest in the property. She sold her Castle Cove trophy estate Neerim Park last year for $13 million.

Invisible House is expected to score a helipad and infinity pool soon after it settles amid talk it will be on offer for lease as a high-end executive weekender.