Kirribilli set to notch new suburb record with Kallista at Careening Cove with a $17m auction guide

The current record for residential property in Kirribilli is $12.3 million for a block on the opposite side of the cove, at Stannards Pl.

Although the purchaser of that waterfront property also bought its neighbour, paying a total of $19.8 million for a 1269 sqm estate in 2020.

David Gillan, of Ray White Lower North Shore, said there has been a big trend away from south-facing homes in the last couple of years as buyers chase the sun and Kallista faces northeast with harbour and cove views from every room.

“Elamang Ave is one of the only street streets on the north shore with a north-facing waterfront, normally to get that aspect you would have to be in the Eastern suburbs,” he said.

27 Elamang Ave is a solid double-brick 1950s home on 626 sqm of land with an upgraded jetty and pontoon capable of holding a large vessel.

It is one of only eight waterfront houses in the street and goes to auction on Thursday March 3.

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It is also one of the last underdeveloped landholdings in the area with a large sandstone-flagged garden with pond and pathways.

Mr Gillan said buyers may consider demolishing the house and developing the site more fully although he already has interest from people wanting to retain much of the solidly-built three-bedroom house.

“It is a generational home, the sort owners don’t want to relinquish and there are many families who really want a special waterfront home in that precinct close to so many prestigious schools,” he added.

The deceased estate has been held for decades by the Weatherdon family, suppliers of high-end accessories to the hotel, hospitality, and office industries.

The two-storey Kallista has large open plan living areas, a granite kitchen, a rumpus room with kitchenette for waterfront entertaining and parking for four cars. There is a commercial grade private sauna next to one of the bathrooms and the main bedroom has its own dressing room and steps out to the terrace. There is custom joinery throughout, vast storage, security and airconditioning.

Kirribilli Wharf, the Ensemble Theatre and the Royal Sydney Yacht Squadron are all a short stroll away.

Careening Cove is exceptionally sheltered and gets its name from the practice of ‘careening’ in the early days of European settlement when timber ships were placed in a protected place to prevent damage in rough conditions.

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Originally published as Kirribilli set to notch new suburb record with Kallista at Careening Cove with a $17m auction guide