Allco Finance Group founder David Coe’s widow Michelle Coe lists Vaucluse home with harbour views


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The Vaucluse home has a $12 million price guide.

Michelle Coe, the wife of the late Allco Finance Group founder David Coe who died of a heart attack while skiing in Aspen nearly seven years ago, is selling her Vaucluse home.

The five-bedroom, five-bathroom home on 1185 sqm is on prestigious Coolong Rd and has harbour views, and although Ray White Woollahra’s Randall Kemp wasn’t available, sources say the price guide is $12 million.

The home is right next door to the much larger waterfront residence, Coolong, that Mr Coe once owned before he sold it in 2008 to expat currency trader Ivan Ritossa for $44 million, setting a suburb record. That property even has its own sandy beach.

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The Coolong Rd home has magic harbour views.

The late businessman David Coe in 2009. Picture: Amos Aikman

With Mr Ritossa and his wife, Marina, based in London, Coolong, on a 4100sqm block, has in recent years been rented to James Packer’s ex-wife, Erica, and their children during their Sydney visits.

Other famous Coolong tenants have included Lachlan and Sarah Murdoch.

Although smaller, this home, that the Coes initially bought as a guesthouse for $4,275,000 from investor John Dalley in 1999 but moved into after they sold Coolong, is going to be popular in the marketplace.

The entrance to Mrs Coe’s home.

Even the kitchen has harbour views.

Unlike its neighbour, it’s not directly on the waterfront, though there is private gated access to the harbour’s edge.

Built over two levels, it features living and dining spaces flowing to terraces and pool.

There’s a Chefs’ kitchen with Gaggenau appliances and a home office.

It has two double garages and additional off-street parking.

Nielson Bay, schools and Vaucluse Village are all close by.

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