Two $20 millon sales in a week that make Vaucluse one of Sydney's most prized addresses

Who doesn’t wish they owned a Vaucluse mansion right now? If only to sell and cash in on the recent run of high-end sales. Angela Teplitsky knows it.

The former wife of property developer Michael Teplitsky listed her Hillside Avenue property with the bullish asking price of more than $20 million a year ago when she moved to the $13.5 million Point Piper penthouse of Aussie John Symond.

The high hopes were likely calculated on her $17 million purchase price of two years earlier from dentist Le Tran and a fair bit of renovation work undertaken since.

And Dr Le had already done well on it too, given he’d agreed to pay $14 million two years earlier to property developer Jacques Kurdian.

And now Teplitsky has scored more than her $20 million ask through Alison Coopes and Brad Pillinger, both of their respective eponymous agencies.

Given no comment by the agents, settlement will confirm if it beats the 2011 house price high of $21.5 million when businessman John McNiven sold next door to Chinese arts patron Yang Yang, again through Coopes.

Hotelier Marcus Levy and his wife Vanessa Sanchez-Levy are also cashing in. Two months after they launched their bid to sell their nearby Andrew Tzannes-designed residence for $21.5 million, it has sold.

Neither Laing+Simmons Double Bay’s Danny Doff nor Sotheby’s International’s Michael Pallier would reveal the result, but given the quick turnaround it is expected to have exchanged at close to the guide.

With these results is it any wonder Lyndi Adler, wife of former FAI chief Rodney Adler, has opted out of a major renovation of her nearby Olola Avenue mansion to sell instead through Bill Malouf, of LJ Hooker Double Bay?

No doubt adding inspiration to the sale plans was Malouf’s $17 million sale last month a few doors away on behalf of Reddam House founder Graeme Crawford and his partner Ian McLeod to Balmain Group chief Andrew Griffin.

Coincidentally, Griffin’s new mansion was built by developer Steve Bauer and his wife Miriam, who are also former owners of the Adlers’ family home until they sold it in 1987 for $4 million to fellow property developer John Lyons.

The Adlers bought their residence on a similarly sized parcel with a tennis court, swimming pool and separate guest house from the Lyons in 2002 for $6.5 million.

Buyers should expect to pay in excess of $16 million.

Daoud flips after short stay

Also jumping on Vaucluse’s Olola Avenue bandwagon is construction industry boss Andrew Daoud.

The Fabquip director bought on a whim in October last year and paid $8 million to Mosman-bound property developer boss Bryan Rose.

Having since undertaken a large-scale renovation, Daoud still can’t be talked out of his home at Sydney Wharf pier prompting him to insteasd  sell his Vaucluse property.

Given the improvements, buyers should expect to pay double digits through LJ Hooker’s Bill Malouf and son David Malouf.

Point Piper pad snapped up

Lucy May and hotelier Ben May had barely put the finishing touches to the campaign to sell their modernist Point Piper waterfront property when it was sold for more than $16 million.

It wasn’t a long stay in Point Piper. The Mays, whose hotel portfolio includes the Manly Wharf Hotel, Mrs Sippy Double Bay and Mrs Sippy Bali, bought the Wunulla Road property in early 2016 for $11.85 million.

The purchase price not only matched what the Mays paid for their former Paddington home in 2015, but also the resale price of the former Windsor Castle Hotel to Goldman Sachs executive director David Nolan and his wife Anita.

The Wunulla Road property, complete with jetty, pool and boatshed, was set for a December 11 auction through Kim Jones, of Snowden Jones, and LJ Hooker’s Bill Malouf before it was snappily sold by Ms Jones.

Zhang buys into Mosman

Bo Zhang, a major investor behind AWH Investment Group’s One Circular Quay development on the old Gold Fields House site, has bought the Mosman home of fund manager James Spenceley.

Zhang’s profile has remained fairly low-profile compared with his Yuhu Group co-owners  Jimmy Huang, 23, son of controversial political donor Huang Xiangmo, and his brother-in-law Evan Xiaozhi Luo.

AWH picked up the harbourside site and a Gold Coast residential project for $1.13 billion in January from Chinese conglomerate Dalian Wanda.

Records show Zhang’s Cuilam Investment vehicle  – best known as a New Zealand meat exporter – paid $7.65 million for Spenceley’s Mosman home, just a year after his same investment company paid $14.2 million for two other houses in Beauty Point.

Switzer land on the market

Retired rag-traders Chris and Marleen Switzer are selling their waterfront Northbridge home to move to their recently purchased $7.76 million duplex in Darling Point.

The couple bought the 1960s-built property with a private jetty and pontoon on 1450 square metres in 1987 for $725,000, when Switzer was chief of fashion retailer Hopkins Group, which included the ubiquitous Marco Polo label.

David Howe, of McGrath Northbridge, is asking $8 million.

Rare sale in Clontarf

The Clontarf home of the late oil baron Sir Walter Leonard is up for sale for the first time following the death of his widow, Lady Yvonne Leonard, in March, aged 96.

Records show the 1385-square-metre double holding on Cutler Road was bought by the Ampol chairman in 1950 for £875 from World War I hero Harrie Cobcroft, and the two-storey residence was completed four years later.

The five-bedroom property with a pool and garden by celebrity Jamie Durie has a $7 million guide through Ray White Seaforth’s Mark Griffiths.

Dares looking to upsize

Film art director Nicholas Dare and his wife, Adobe executive Jadanne Dare, are looking to upsize their eastern suburbs home once their Beaconsfield terrace sells at its November 24 auction.

Dare, whose recent work credits include work on Pacific Rim: Maelstrom and Alien: Covenant, bought the two-storey property in 2007 for $630,000.

As the couple hit the local house-hunting trail, Brad Gillespie of The Agency, is asking $1.25 million.