{"id":40200,"date":"2022-09-12T17:48:45","date_gmt":"2022-09-12T05:48:45","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40200"},"modified":"2022-09-12T17:48:45","modified_gmt":"2022-09-12T05:48:45","slug":"millennials-plan-most-expensive-house-in-australia-on-99-5-million-point-piper-site","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/millennials-plan-most-expensive-house-in-australia-on-99-5-million-point-piper-site\/","title":{"rendered":"Millennials plan \u2018most expensive house in Australia\u2019 on $99.5 million Point Piper site"},"content":{"rendered":"

PHOTO: Point Piper<\/strong><\/p>\n

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A new contender for the title of \u201cmost expensive house in Australia\u201d is set to take shape on the Point Piper<\/a> waterfront as millennial entrepreneurs Alexandra and Gabriel Jakob have amassed three properties in a row and have plans to build their forever home.<\/p>\n

\"The<\/a><\/div>\n
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What next for Point Piper\u2019s \u2018Bang & Olufsen\u2019 house?<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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The mega-mansion is proposed to spread across three titles, two of which were once slated to be developed into a block of luxury apartments by a syndicate led by Ron Medich until the global financial crisis and issues with Woollahra Council brought the plan undone and triggered a series of incidents culminating in Medich going to the \u201cbig house\u201d for murder.<\/p>\n<\/div>\n<\/div>\n

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\"The
The Jakob family\u2019s $99.5 million site acquisition in Point Piper includes a three-level house with a curved facade (far left), Bruce McWilliam\u2019s recently sold house (centre) and a block of rubble (far right). Photo: Domain<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n
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The neighbours will need to contain their excitement to see what architect Bruce Stafford has in store for the Jakob family home given the DA is yet to be lodged, but a well-placed source says they can expect five to six storeys featuring walls of glass to take in Harbour Bridge views and a swimming pool across the lion\u2019s share of its 70 metres of harbour frontage.<\/p>\n

\"Point<\/a><\/div>\n
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Point Piper mansion on \u2018the best street in Australia\u2019 stuns with world-class views<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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What will set this house apart from every other mega mansions is that it will include what is hoped to be the largest private gym in the country. Set across five levels with separate zones for weights, cardio equipment, a boxing ring, spa, sauna, a health centre with cryotherapy facilities, and a room Gabriel dedicated to his wife known as the \u201clove room\u201d. A rooftop tennis court has not been ruled out.<\/p>\n

\"Deborah<\/a><\/div>\n
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Deborah Thomas sells Point Piper home to join rush to Southern Highlands<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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Gabriel Jakob, the private, 41-year-old head of technology and childcare-focused venture capital firm Hyper Capital, declined to comment on the family\u2019s grand plans for the site.<\/p>\n<\/div>\n<\/div>\n

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\"Seven\u2019s
Seven\u2019s Bruce McWilliam sold his Point Piper house for $32.5 million through agent Brad Pillinger. Photo: Peter Rae<\/strong><\/em><\/figcaption><\/figure>\n<\/div>\n
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Council plans show Stafford is already familiar with the site. Before the Jakobs bought the neighbouring two properties, Stafford redesigned their current home \u2013 purchased three years ago for $40 million from former Westpac director Steve Harker \u2013 to include an extra level with a parents\u2019 retreat and Japanese garden that won approval from the Land and Environment Court last December.<\/p>\n

\"Mia<\/a><\/div>\n
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Mia Freedman spends $12.75 million in Point Piper<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n
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Amassing the site has not come cheap. The land alone cost $99.5 million and had stamp duty of $6.77 million.<\/p>\n<\/div>\n<\/div>\n

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\u201cOnce completed, and based on a description of what is planned, this will rate as one of the best houses in the world given no other country can boast its iconic view to the Opera House and Harbour Bridge,\u201d says Highland Double Bay\u2019s Bill Malouf, who was involved in the sale of all three properties.<\/p>\n<\/div>\n<\/div>\n

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Rivalling it for the top spot are the home of Aussie Home Loans founder John Symond a few doors away for which\u00a0an offer of about $110 million was knocked back in 2017, and the beachfront acreage Fairwater, for which tech billionaire Mike Cannon-Brookes\u00a0paid $100 million in 2018<\/a>.<\/p>\n<\/div>\n<\/div>\n

READ MORE VIA DOMAIN<\/a><\/p>\n

MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n