Jamie and Amber Schwarz buy Pasternak home for $15.1m

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The buyers of 10 The Cres in Vaucluse have emerged.

Yellow Brick Road executive Jamie Schwarz and his wife, Amber, of the RPM electrical family, have emerged as the buyers of Mark and Anna Pasternak’s Vaucluse home.

The Mediterranean-inspired five-bedroom, six-bathroom home with pool and “wellness centre” at 10 The Crescent sold in a late-night deal for $15.1m last Friday.

One viewer of the home said it reminded her of a luxurious villa in Ibiza.

Gagged by confidentiality agreements, neither of the agents, D’Leanne Lewis of Laing + Simmons Double Bay and Michael Pallier of Sotheby’s, could assist with information on the sale price or the buyers.

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The home looks out over Parsley Bay

The “wellness centre” which has a steam room and gym

However, both issues have been the subject of much speculation in the Vaucluse community this week, with initial talk that the buyers were a family in Israel and that the sale price was as much as $18m.

Both claims have been debunked, with reliable sources confirming the Bellevue Hill couple, who have a teenage son and daughter, were in fact the purchasers.

Expect the six-bedroom, four-bathroom home on a 1758 sqm block in Drumalbyn Rd that the couple bought for $9 million in 2011 to hit the market soon.

The outdoor living areas at 10 The Crescent, Vaucluse

The Pasternak family in 2016. Picture David Moir

That’s likely to create a great deal of interest too, being the former home of Prime Minister Sir William McMahon, Lady Sonia McMahon and their children.

The Schwarz family faced a challenge when moving into that property, with it largely untouched for 40 years.

By contrast their new Vaucluse home has had no expense spared in its rebuild, a massive five-year project of former owner Mark Pasternak, an architect, and his wife, Anna.

The rebuild was only completed three years ago.

An aerial view of the Drumalbyn Rd home when it was last marketed in 2011

The facade of the Drumalbyn Rd in Bellevue Hill from 2011

Property records show that the property was transferred to Mrs Pasternak this March.

Mr Pasternak bought a five-bedroom waterfront reserve home at 1 Coolong Rd for $6.5m last October and told the Wentworth Courier this week: “I will be rebuilding Coolong in the same style as The Crescent.”

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