Bygone elegance meets contemporary living in a rare prestige offering
You don’t even need to turn the car around when you leave
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If this property looks like something out of a magazine, that’s because it is. The six-bedroom, four-bathroom 1880s Italianate estate at 75 Ocean Street Woollahra has been showcased in Architectural Digest and Vogue Living no less. Known as ‘Icilus’, the property is set over three levels on 853sqm, including a basement area with fully equipped gym with bathroom and is surrounded by formal gardens and alfresco dining areas that would look at home in Europe.
Perhaps unsurprisingly, every detail of this property has been considered, from the marble kitchen with top of the range Wolf appliances to the auto turntable parking, which makes navigating this vibrant part of the city so much easier. There’s also a spacious home office large enough for two and separate playroom or retreat packed with storage.
Temperatures are managed all year round thanks to air conditioning and hydronic heating, while the abundant natural light ensures a comfortable ambience throughout the day.
On the upper level, the main bedroom suite includes walk through dressing room and generous ensuite.
While the layout is perfectly placed for modern living, it’s the style of this house that will draw buyers in. Bespoke wallpapers, designer pendant lighting, Belgian steamed oak floors and marble fireplaces create a sense of opulence. Beautifully curated by Claire Delmar of CD Studio, spaces speak of bygone charm and contemporary elegance. The property has a price guide of $25 million.
Address: 75 Ocean Street, Woollahra
Price guide: $25 million
Auction: August 19 2023 at 12.45pm
Agent: Ben Collier 0414 646 476 bencollier@theagency.com.au
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Villa prices saw particularly strong growth, with capital values increasing by 33.4 percent year-on-year
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Dubai’s real estate market showed strong performance in the second quarter of 2024, with notable increases across the residential, office, and retail sectors, according to a new ValuStrat real estate report for Q2 2024.
Villa prices experienced particularly strong growth, with capital values rising by 33.4 percent year-on-year.
Haider Tuaima, Director and Head of Real Estate Research at ValuStrat said: “The Dubai real estate market has shown impressive growth and resilience in recent months. The ValuStrat Price Index for Residential Capital Values increased by 6.4 percent quarterly and 28.2 percent annually, reaching 178.2 points.
“Despite severe flooding caused by record rainfalls in April, the quick and effective response from developers and authorities helped to control the damage, ensuring that market activity and property valuations remained robust in the subsequent months.”
The office sector also performed well, with the VPI for office capital values surging by 31.7 percent annually and 9.4 percent quarterly, reaching 212.5 points—the highest quarterly increase in a decade.
In the retail sector, Emaar Properties reported 98 percent occupancy in their prime mall assets, while overall mall occupancy stood at 96 percent during the first quarter of 2024. The hospitality sector also saw growth, with total international guests reaching 8.12 million as of May 2024, a 9.9 percent increase compared to the same period last year. Hotel occupancy reached 81 percent, rising by 1.4 percent year-on-year.
Despite these positive indicators, Tuaima added, “The decline in transaction volumes calls for a closer examination of market dynamics as stakeholders navigate this evolving landscape.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
