Vaucluse house sells for $23 million - no pool or tennis court required

There is no shortage of $20 million house sales in Vaucluse, but it is the sort of sale usually found by the harbour and with a few glamorous add-ons to sweeten the sale price, like a pool or a tennis court.

But on Friday a fairly run-of-the-mill house on Black Street with knock-out views to Sydney Harbour sold for more than $23 million with no marketing involved.

Title records show the home of Wendy Wenlin Yeung last traded in 1995 for $2.56 million.

Rumours spread of the sale on Friday afternoon, crediting the sale to Laing+Simmons Double Bay’s Steven Zoellner.

Zoellner would only confirm the property sold on Friday, but declined to confirm widespread talk of a more than $23 million result.

The sale comes amid a boom in Sydney’s residential housing market, with the Vaucluse house median price up 7.9 per cent in the 12 months to March to a median of $5.65 million.

The highest sale in Vaucluse this year was on the harbourfront on dress-circle Carrara Road where Jing Wang, who heads up the Chinese-backed property developer Mayrin Group, bought the waterfront home of Margaret and Richard Prokop, directors of scaffolding group Natform.

Wang’s son William Wu has snapped up the only other sale at close to $20 million in Vaucluse this year, a  1920s Vaucluse manor with a Burley Katon Halliday extension at the rear from dentists Gloria Shih and Lawrence Lau. The same property last traded for $9.3 million in 2015.

Point Piper has secured the lion’s share of trophy sales this year, with developer Scott Barlow and his wife Alina – daughter of Russian billionaire David Traktovenko – selling their non-waterfront home on the quiet for about $40 million and expat lawyer Sarah Cooke, the wife of Monaco-based hedge fund trader Dominic Redfern, selling her Point Piper trophy home for about $40 million last week.

Likely the third highest sale this year is a boathouse, also in Point Piper, which sold for more than $37 million amid widespread rumours it was bought by News Corp heir apparent Lachlan Murdoch.