Restaurateur Elie Griplas sells in Darling Point after almost a year
Restaurateur Elie Griplas, who famously set up the popular Tabou French bistro in Surry Hills in 1998, has finally sold his Darling Point home for close to $7.5 million.
The sale is yet another example of homes that have been listed for a long time finally transacting as buyers become more enthused: they recognise we’re at the bottom of the market and these are once-in-a-lifetime opportunities.
Lady Cutler’s helping hand in Lizzie Bay
Waterfront sells after 1945 days
The quirky five-bedroom, six-bathroom 1908-built freestanding house on a 727 sqm block at 12-14 Yarranabbe Rd, which has harbour views, was first listed last August with Sotheby’s International managing director, Michael Pallier.
More recently Richardson and Wrench Double Bay’s Veronika Turnbull and principal Michael Dunn came on as conjunction agents.
Mr Griplas has had to lower his original expectations to get the deal finalised this week — a year ago there were hopes of $10 million — but vendors have had to meet the market across Sydney.
As reported exclusively by the Wentworth Courier this week, the Richardson and Wrench team had a similar success last Friday with a Watsons Bay waterfront selling for close to its most recent guide of $17.5 million.
The renovator’s delight at 30 Pacific St had been on the market for more than five years and there had been hopes of about $20 million.
But a more modern waterfront on a bigger block at 8 Pacific St sold for $15.25 million last November, so the price guide for this renovator’s delight had to be adjusted.
If the sale price for the renovator’s delight at 30 Pacific St was $2 million more than that, this is indeed an amazing result.
Mr Griplas’s home would be challenge for many. It’s currently configured as two interconnected residences, although it could be converted into one grand family mansion.
There are two loungerooms and two big kitchens.
Its realestate.com.au listing describes it as being in an “Italian-influenced alfresco setting” with a “magical tropical garden complete with koi pond, cabana and a delightful dual level studio with bedroom and ensuite”.
The views take in the CYC, Harbour Bridge, Opera House and city skyline.
There’s also a garage for three cars and harbourside parks and Edgecliff Centre, the station, and Double Bay shopping village are within walking distance.
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