Media

Media


You’ll shell out for this Nautilus :

Steve Shelley is looking to downsize from his $50m home on the shores of Burraneer in Sydney’s south.

Nautilus has a range of features including 19 bathrooms, a boathouse and a 2000-bottle wine cellar.

The giant 19-bathroom Nautilus house on the shores of Burraneer in Sydney’s south was available in the eastern suburbs it would be worth more than double its $50m plus asking price.

A scion of the Shelley’s soft drink family, Steve Shelley, developed the house with three private lifts, a bowling alley and a day spa with Turkish steam room about seven years ago and he is now intent on downsizing.

Double Bay-based Malouf, who just sold the ANZ tower penthouse for more than $60m, says he could easily get $100m to $120m for a Nautilus in the eastern suburbs.

Nautilus went on the market this week through Mr Malouf and David Highland of Highland Property, which is based in Cronulla.

Malouf says the buyer of Nautilus, fronting 325 Woolooware Road, and developed across three waterfront house blocks, could be an expat, Chinese or a cashed-up person residing in the eastern suburbs.

Agents have billed the six-level Nautilus as one of Australia’s most extraordinary uber-mansions.

“They will be ego-driven; somebody will say they have to have it,” said Mr Malouf, adding that you could not rebuild the home for $30m. Mr Shelley spent a further $10m amalgamating the waterfront house blocks about seven years ago.

“There’s got to be someone in the east who would forgo the distance (about 30km south of the Sydney CBD) to own it,” Mr Malouf said.

“We will be patient. It will be an impulse buy because of its quality.

“There is nothing to compare this to in the eastern suburbs,” he said, adding that in the east the problem is the lack of stock coupled with a lot of buyers with ‘‘serious money’’.

Co-agent David Highland says the buyer could be a local or an expat.

The agents have billed the six-level Nautilus as one of Australia’s most extraordinary uber-mansions.

It is an entertainer’s dream, with amenities including two stand-alone guest pavilions, a wet bar, dual championship AMF bowling alleys, a premium gymnasium with a yoga and pilates studio, an in-home cinema, archery range, 25m lap pool, teppanyaki barbecue, jacuzzi, day spa with a Turkish steam room and a 2000 bottle cellar.

The sale of the Woolooware Road home is expected to eclipse sales records for the Sutherland Shire.

The sale of the Woolooware Road home is expected to eclipse sales records for the Sutherland Shire.

Spanning nearly 4000sq m, the home includes six kitchens.

The master suite is designed like a six-star hotel, complete with a limestone ensuite with steam shower and sunken bath, a secluded retreat, safe room, dressing room and laundry.

Outside the grounds of the property house a sporting field, self-contained boathouse, beachfront cabana and two fire pits.

The property includes a private beach and a slipway for a 37m boat with a wharfing and docking area, floating pontoon, waterfront crane and deep water mooring for a vessel alongside the private wharf.

There’s a four vehicle showroom off the living area as well as garaging space for 20 cars.

“I believe this campaign will raise the benchmark for prestige property in the Sutherland Shire,” Mr Highland said. “The pre-launch interest is very strong and we are looking forward to bringing the luxury property to the market.”

“There is not a lot that seriously impresses me but this is a magnificent labour of love,” Mr Malouf said.