Art dealer and prestige property flipper Steve Nasteski has done a whopper renovation on the Darling Point apartment he bought last year — and it’s just hit the market with an $11m guide.
It’s the four-bedroom, three bathroom apartment with four car-garage previously owned by former model Marie Spies, widow of funeral services businessman Ian Spies.
Nasteski, who has a good eye for works of art of all descriptions, snapped up the 350 sqm apartment at 15/85 Yarranabbe Road in the popular ‘Santina’ block for about $7.5m prior to the scheduled auction.
And given the quality of the transformation and the jaw-dropping never-to-be-built out views from the city skyline and Harbour Bridge to Clarke Island and north head, it’s likely to be hugely popular this time round.
As listing agent Jason Boon, of Richardson Wrench Potts Point/Elizabeth Bay says: “This apartment has the highest specs and is the best renovated apartment I’ve ever seen in my career.
“He’s spent at least $4 million on it, possibly much more.”
The level three apartment was originally purchased off-the-plan as two separate three-bedroom apartments and converted into one.
It comes complete with wood panelled walls, a gentleman’s den, bar area and palatial master wing including a pair of dressing rooms and two bathrooms.
It goes to twilight auction on November 18.
And apartments in this building seem to be even more highly sought after.
Boon and Daphne Sauvage of Sotheby’s sold unit 19, which was owned by racing identity David Waterhouse, for $5.4m in just five days in August — and that was half the size.