Sydney real estate Archives

Rose Bay Home Revamp Delivers Near Triple Sale Price

A redeveloped residence in Rose Bay has sold for about $19.5 million after a transformation carried out within its existing structure, marking a significant rise from its earlier purchase price.

A Sale That Shifted Expectations

The property at 27 Victory Street has recorded a sharply higher resale following its redevelopment, with the transaction completed ahead of its scheduled auction.

Originally purchased for $7.62 million in March 2024, the five-bedroom home was later brought back to market after being reworked by a developer. The result came in close to three times the previous sale price.

The sale was handled by Highland Double Bay and settled below its $20 million guide, but still reflected a substantial increase on the earlier transaction.

Rose Bay property — Photo Credit: Highland Property

Changes Within The Existing Footprint

The redevelopment largely retained the home’s original footprint, with upgrades focused on reworking internal and external features rather than rebuilding the structure.

Floorplan comparisons indicate that the layout remained broadly consistent, while additions such as an extra ensuite and an inground pool altered the overall offering. The home now includes five bedrooms and six bathrooms.

Across four levels, the residence incorporates open-plan living areas alongside alfresco spaces, a pool area, and landscaped gardens. The updated design also introduces features such as a wellness space, lift access, and integrated home systems.

Sydney real estate — Photo Credit: Highland Property

Market Conditions Provide Context

The result in Rose Bay comes amid a period where fewer homes are selling above their price guides compared to the previous year.

Despite this, the Victory Street property secured a strong outcome, with the sale finalised prior to auction. The achieved figure remained more than $500,000 below the stated guide but still represented a notable uplift from the March 2024 purchase price.

Sydney luxury homes — Photo Credit: Highland Property

Location And Property Appeal

Set within Rose Bay, the residence is positioned near local shops and coastal destinations including Bondi Beach, as well as nearby recreational facilities.

With approximately 600 square metres of living space, multiple living zones, and a combination of indoor and outdoor areas, the home reflects a large-scale residential offering shaped through redevelopment rather than complete reconstruction.

Published 10-Apr-2026

Rose Bay Waterfront Home Sells for $82.5 Million, Setting New Record

Photo Credit: Forbes Global Properties

A Rose Bay waterfront estate at 14 Tivoli Avenue has sold for $82.5 million, marking Sydney’s highest house sale of 2025 and setting a new suburb record.

Record Sale in Rose Bay

A luxury property owned by Orazio and Yolanda Camuglia has achieved the top residential sale of the year, finalised on 22 October 2025. The result exceeded Rose Bay’s previous record of $54.6 million from February and topped all Sydney house sales for the year.

Situated on a 1,138-square-metre waterfront parcel, the home comprises three self-contained residences with eight bedrooms, ten bathrooms, and four-car garaging. The sale was managed by Forbes Global Properties agents Ken Jacobs and Hui Xu.

*Photo Credit: Forbes Global Properties*

Waterfront Luxury and Design

Stretching from Tivoli Avenue to the harbour’s edge, the home offers sweeping views of the Opera House, Harbour Bridge, and Sydney skyline. Interiors feature Carrara marble, marine-grade fittings, and expansive glass detailing. The estate also includes a pool, gym, sauna, landscaped gardens, and a boathouse.

Market Standing and Comparisons

The $82.5 million sale surpasses the previous suburb record and the recent $60 million transaction at Vaucluse’s Coolong Road. Experts describe the sale as one of Sydney’s five highest residential property deals on record, underscoring continued strength in the city’s prestige market.

History and Renovations

The Camuglias first acquired part of the Tivoli Avenue site in 2004 and spent years expanding and modernising the residence. A 2018 development approval under architect Renato D’Ettore included major extensions and upgrades.

The couple are also known for commissioning D’Ettore for other projects, including Coogee Castle and Italianate House in Surry Hills.

Rose Bay record sale — *Photo Credit: Forbes Global Properties*

Shifting Property Landscape

Property valuer Simon Feilich noted that Rose Bay’s market reflects both high-end individual sales and collective redevelopment trends. Long-held family properties are increasingly being amalgamated for aged-care and medium-density projects, signalling ongoing transformation in the suburb’s housing landscape.

Published 3-Nov-2025

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

Photo Credit: Ray White Double Bay

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.

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.

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

Photo Credit: Stonebridge Property Group

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