Harry Triguboff plans demolition and subdivision of Vaucluse estate

One of the largest privately held land holdings on the Vaucluse waterfront is set to be carved up and the trophy home on it demolished by billionaire Harry Triguboff.

The DA currently before Woollahra Council is for a four-lot subdivision of the 5200-square-metre holding that was amalgamated by Triguboff more than a decade ago.

The  founder and managing director of property development giant Meriton first bought on prized Wentworth Road in 1983 for $4.1 million, and added next door in 1998 for $6 million to create a vast family compound on which his main residence complete with swimming pool and private jetty is based.

The DA seeks to demolish the main residence set across three of the proposed lots, but a separate second dwelling with its own swimming pool is to remain as part of stage 1 of the DA.

It remains unknown if the Triguboffs plan to remain living at the Wentworth Road property if the DA is approved and no plans have been lodged for the three vacant lots.

The primary contact for the DA Norelle Jones, at Meriton, said the future of the vacant lots was not determined at this stage.

The DA does note that the land subject to subdivision was previously four lots. “These historic lots were amalgamated to facilitate the construction of the main residence.”

The largest waterfront holding in Vaucluse is the almost 6500-square-metre parcel on The Crescent owned by Johnny Kahlbetzer, son of agribusinessman John Dieter Kahlbetzer.

Among some of the other significant waterfront estates is the almost 5000-square-metre Hermitage estate owned by bar tzar Justin Hemmes and the 4200-square-metre amalgamation on Coolong Road purchased by Menulog co-founder Leon Kamenev in 2016 for almost $80 million.

The Triguboffs were approached for comment on Tuesday morning but are yet to respond.