The Bellevue Hill power couple behind the latest $20 million offering

Sydney’s trophy home market is being drip-fed high-end listings this spring, with a $20-million residence in Bellevue Hill leading this week’s rollout.

The residence, set between the historic Rona and Leura estates, is owned by power couple David Maloney, a partner at Allens, and his wife, Infrastructure NSW executive director Erin Flaherty.

The battle-axe block of 923 square metres boasts not only panoramic harbour views but an impressive array of art and antiquities owned by the well-known arts patrons.

The three-storey residence was formerly owned by stockbroker David Thorpe, before it was sold by his widow Janice in 1992 for $2.3 million.

The Federation mansion next door, Leura, on a significant 4287-square-metre parcel set a suburb record for Bellevue Hill late last year when it was sold by businessman Ken Allen and his wife Christine for more than $30 million.

As trophy home stock levels remain at all-time low levels and buyer demand continues to rise, the high-end market is achieving ever more bullish sales results.

The Rona estate next door is widely expected to reset Sydney’s housing record when it is officially launched in October. Price guides are purely speculative,  but the high stands at $70 million for La Mer mansion in Vaucluse.

The Maloneys’ three-level residence with swimming pool and expansive limestone terrace, separate library and study, billiard room, gym, sauna  and atrium-style conservatory has been listed with Brad Pillinger, of Pillingers, and Ken Jacobs, of Christie’s International.

In 2014, Maloney, who is a trustee of the Art Gallery of NSW, was  made an officer of the Order of Australia, in part for his service to the visual and performing arts.

Flaherty is an advisory board member to both Sydney Light Rail and North West Rail, and non-executive director of the Australian Youth Orchestra.

Ginahgulla Road, Bellevue Hill.

Ginahgulla Road, Bellevue Hill.

Ginahgulla Road, Bellevue Hill.