The impressive Tamarama home of former Ramsay Health Care chief Chris Rex and his wife Lynette, has sold tonight for more than $11.5m.
PPD principal Alexander Phillips with co-agent D’Leanne Lewis of Laing and Simmons Double Bay had picked up the listing for Pavilion House at 10 Thompson Street in mid-August and been quoting a guide of between $11m and $11.5m.
Both agents refused to advise on the sale price tonight. However, separate sources have told the Wentworth Courier that the five-bedroom, four-bathroom Walter Barda-designed property with 180-degree views sold for above its guide.
The buyer was a local family living within a 1km radius of the property.
The property has sold nine days ahead of its scheduled auction on September 19, indicating the vendors are pretty happy with the price.
Pavilion House hits the market
Although speedy, the pace of the sale wasn’t quite as extreme as last time it sold three years ago — the Rexs had snapped it up after just five days on the market for $11.2m, smashing the suburb record at the time.
They’d bought it from the Bronte Surf Club president Basil Scaffidi and wife Catherine, via Phillips, so little surprise they chose Phillips with Lewis this time to sell it.
Apart from its northerly views of the beach, ocean and Mackenzies Bay, the Hamptons-style beach house features include pool, a dream kitchen and glass-enclosed wine cellar.
There’s a four-car garage with lift access to all three levels.
The Tamarama market has moved on since 2017, with the suburb record now $15.75m after last year’s sale of the Gaerloch Ave home of Annie Conley, daughter of the late aviation pioneer and philanthropist John Conley, to Karen Michael, the daughter of the late property mogul David Burger.
The Rexs are now downsizing.