Another big sale in Carrara Rd, Vaucluse, as Caredes family home sells for about $12 million

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29 Carrara Rd, Vaucluse, has sold for about $12 million.

There’s been another big sale in Carrara Rd, Vaucluse, with the long-time home of the Caredes family selling for about $12 million.

Laing and Simmons Double Bay principal D’Leanne Lewis, named the number one female agent in NSW in the REB Women in Real Estate Awards last week, said the price for 29 Carrara Rd was undisclosed.

But it’s understood Friday’s deal was close to the guide in the expressions of interest campaign and that the purchaser was an eastern suburbs family, who is likely to bulldoze the old home and build a new mansion.

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29 Carrara Rd, Vaucluse (above) and the view (below).

The old home on the 728 sqm block, with 32m street frontage to the harbour, was home to

property investor Michael Caredes and his wife Fylia, a doctor, for 44 years. They’re downsizing.

Their property is not on the waterfront like the two neighbouring sales totalling $55m in the street last year, but it does have an incredible view.

Ms Lewis, who was also named number two female agent in Australia in the awards, negotiated one those huge sales.

29 Carrara Rd, Vaucluse is surrounded by several grand homes (above and below).

She sold the home of construction boss Peter Comino on a 760 sqm block at 12 Carrara Rd for $23,888,000 on October 9.

And the home of former KPMG Consulting partner Michael Ibrahim — on a 1043 sqm block — at No. 10 sold for $31 million nine days later.

Both homes were bought by 30-year-old businessman Alex Ma.

He wants to built two or three separate dwellings on the prime harbourfront site.

His current home — up the hill on the highest point of the Hermitage Estate at 20A Vaucluse Rd — was an incredible home but he wanted a waterfront.

So he sold that for more than $30 million in March via BadgerFox agents Peter Leipnik and Alexander George, setting a new street record.

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