Holocaust Survivors’ Rose Bay Home Sells $1m Above Reserve

A Rose Bay home owned by Holocaust survivors has sold for $9.725 million, more than $1 million above its intended reserve, in a pre-auction sale.



The Sale

The property at 98 Dover Road, Dover Heights, sold on 10 September 2025 through Ray White Double Bay agents Dion Markovics and Warren Ginsberg. The three-bedroom residence changed hands for $9,725,000, which was $1 million above the reserve of $8,725,000.

Two competing buyers negotiated ahead of the planned auction, pushing the final figure beyond expectations. The result reflected the strong demand for homes in Sydney’s eastern suburbs and the rare availability of properties with views over Sydney Harbour.

Rose Bay property
Photo Credit: Ray White Double Bay

Family History

The home had been held by the Grunstein family for more than 60 years. John and Barbara Grunstein, both Hungarian Holocaust survivors, purchased the property decades ago. John passed away many years earlier, while Barbara died in December 2024 at the age of 98.

Barbara’s personal account of her wartime experiences was recorded in 2024 for the NSW Jewish Board of Deputies. In it, she recalled being forced from her home in Hungary following the 1944 German invasion, later enduring Auschwitz, labouring in a German factory, and eventually surviving Bergen-Belsen concentration camp.

Ray White Double Bay
Photo Credit: Ray White Double Bay

Property Details

Set on approximately 493 square metres, the home offers sweeping harbour views. It includes three bedrooms, two bathrooms, and a double lock-up garage. Still in largely original condition, the residence had been marketed as a rare opportunity with scope for renovation or redevelopment. Its location places it close to Rose Bay North shops, public transport, and coastal clifftop walks.

Community Significance



While the sale result underscores the strength of the property market, the home carries historical and cultural weight. With more than six decades of connection to the Grunstein family and its ties to Holocaust survivors, the property stands as more than a real estate listing, embodying personal history and resilience.

Published 19-Sep-2025

Prime Rose Bay Site with Woolworths Supermarket and Luxury Apartments Hits the Market

Woolworths Group has placed a prestigious mixed-use development site in Rose Bay on the market, offering a rare opportunity to acquire a prime Eastern Suburbs property. The site, located at 488-492 Old South Head Road & 30 Albemarle Avenue, is being exclusively marketed by Stonebridge Property Group.



Woolworths Rose Bay site listed for sale
Photo Credit: Stonebridge Property Group

Woolworths’ Rose Bay Site Up for Sale

Stonebridge Property Group has been appointed to manage the sale of this highly sought-after Rose Bay site, currently operating as a Direct to Boot drive-thru facility for Woolworths. Plans for the site include a full-line Woolworths supermarket and 13 luxury residential apartments, offering a combination of retail convenience and premium living in one of Sydney’s most affluent suburbs.

Situated in a high-demand, underserviced retail zone, the proposed development will feature 65 car spaces and five Direct to Boot bays, designed to enhance accessibility and meet modern shopping needs.

Luxury Living Meets Retail Convenience

Designed by PBD Architects, the development (PP-2022-731) will combine residential and commercial spaces in a contemporary setting. The apartment mix includes:

  • 2 x two-bedroom apartments
  • 10 x three-bedroom apartments
  • 1 x four-bedroom apartment

Each residence will include basement parking, catering to the lifestyle expectations of Rose Bay’s high-income demographic. The project’s retail component is expected to fill a gap in the area, as the Woolworths supermarket will be the only full-line store within the Main Trade Area.

Mixed-use development in Rose Bay
Photo Credit: Stonebridge Property Group

A Strategic Investment in a Prime Location

The site is positioned as a rare opportunity due to the limited availability of development-ready land in Rose Bay. With the retail and residential components carefully designed, it presents strong investment potential.

Over the past five years, retail space has remained in short supply in Sydney, increasing the demand for developments that integrate essential services with luxury living. Given that this project will house the only full-line supermarket in the vicinity, it is expected to generate significant interest from both residents and investors.

Stonebridge selling Rose Bay property
Photo Credit: Stonebridge Property Group

Approximately one-third of the site’s on-completion value has already been secured through a long-term lease agreement with Woolworths, while the remaining value lies in the high-end residential offering. This combination enhances the site’s appeal as both a stable commercial asset and an exclusive residential opportunity.

Key Development Details

  • Address: 488-492 Old South Head Road & 30 Albemarle Avenue, Rose Bay, NSW
  • Size: 2,257 sqm* across two titles with MU1 & R2 Zoning
  • Proposed Build:
    • 2,500 sqm Woolworths supermarket
    • 13 premium apartments
  • Lease Agreement: 10-year lease to Woolworths with 10 x 5-year options
  • Parking: 65 spaces, including five Direct to Boot bays
Woolworths supermarket development in Rose Bay
Photo Credit: Stonebridge Property Group

Expressions of Interest Closing Soon



The Expressions of Interest (EOI) campaign for the Rose Bay development site is set to close at 4 p.m. on Tuesday, 25 March 2025. Potential buyers are encouraged to arrange inspections and seek further details through Stonebridge Property Group, the exclusive selling agents.

Published 20-Feb-2025