Mark Moran lists Point Piper mansion for $18m, heads to North Bondi penthouse

March 22, 2019
The Edwardian mansion Capri is up for grabs for $18 million.

Aged-care boss Mark Moran has kickstarted his own downsizing plans by listing his Point Piper mansion for $18 million, given plans to move to North Bondi.

Moran and his wife Evette, co-founders of the eponymously named aged-care entity Mark Moran Group, bought the unfinished penthouse amalgamation in North Bondi of retail chief Mark McInnes last October for $11.5 million.

Even before work is completed on the penthouse fit-out, the couple have listed their Edwardian mansion at a time when there is a dearth of newly listed trophy homes.

Mark and Evette Moran are swapping Point Piper to downsize to North Bondi. Photo: undefined

The couple, who are already living near their recently purchased North Bondi penthouse, have listed their Point Piper empty nest with Michael Pallier, of Sotheby’s International.

Moran, the fourth son of the late billionaire nursing home tycoon Doug Moran, has owned the Point Piper residence since it was bought in a family company name in 2005 for $6.1 million.

Records show Capri was built in 1904 for shipwright Alfred Whetton, whose family built Circular Quay’s first wharves.

The Moran family's home is built on a quarry and has evidence of convict-baked motifs in the stone work.

According to Mr Moran, it was built on the site of a quarry and the foundations are full of convict bricks showing baked-in hearts, diamonds, clubs and spades motifs, as well as large slabs of sandstone-hewn blocks.

“At one stage it was used as an elite private girls’ school,” Mr Moran said.

Evette Moran, an interior designer, oversaw a major renovation in 2010 including installing a glass lift and opening up the attic, with a new kitchen featuring a 12-square metre benchtop slap of labradorite, and landscaped gardens.

The Moran family is no stranger to landmark Sydney real estate. Brother Shane Moran owns the Gothic Revival mansion Swifts in Darling Point, family matriarch Greta Moran owned a double spread atop the Bennelong building at Circular Quay until property developer Keith Johnson took an option on it two years ago, and eldest son Peter Moran owns Paddington’s historic Juniper Hall.

North Bondi has become one of the most sought-after downsizer destinations in the eastern suburbs in recent years.

The Morans bought the unfinished penthouse of Mark McInnes for $11.5 million last year.

Fund manager Will Vicars, of Caledonia Investments, paid a 2013 record of $21 million for a double penthouse in the Pacific Bondi, and in 2011 former Caledonia chairman Michael Darling and his wife Manuela Darling-Gansser bought a block of art deco apartments for $14 million and developed it into a family compound.

 

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