Real Estate

Olympic sailor's boat shed on sale at record price

Olympic sailor's boat shed on sale at record price

A property in Point Piper has been put on the market for a mind blowing price guide of $37-$40 million.

It’s not unusual for the ritzy Sydney suburb to have such a high price tag, however the property is causing shockwaves as it is simply a boat shed.

The shed sets a new Australian price record, holding nearly 2000 square metres and is extended to over two storeys.

Represented by Ken Jacobs and James Hall from luxury auction house Christie’s International, this shed is not a home yet it could very well be.

The shed has four berths, and can fit yachts up to 26 metres in size.

Image: Domain 

The top storey of the boat shed can also be used as accommodation.

Not only that, but the property also features a waterfront swimming pool.

The Point Piper address was previously owned by the affluent O’Neil family.

Property developer and former Olympic sailor Denis O’Neil used to use the private marina to moor his boats.

The family bought it in 1958 for £9,000 (AU$16,132) from WWII survivors Dr Ignacy and Elvira Listwan before listing it in 2017 for $33 million.

It sold for $30 million.

Australia’s property market is soaring to previously unseen heights, marking a 2.1 per cent growth in February – the highest one-month growth in 17 years.