Property Market Insights Significant Sales

Notable and Record-Breaking Real Estate Sales of 2018

The Christie’s International Real Estate global Affiliate network reported a number of record-breaking real estate sales throughout 2018

The most expensive house in Australia; two trophy estates in the star-studded enclave of Beverly Hills, including the former homes of Gone with the Wind actress Ann Rutherford, Danny DeVito and Rhea Perlman; and a Central Park West penthouse designed by Robert A. M. Stern distinguish our top 10 sales of the past year. While client confidentiality precludes sharing a full list of our network’s sales, these are the notable achievements approved for public presentation.

Fairwater—Point Piper, New South Wales, Australia
A$100 Million (reported)
Sold by Ken Jacobs on September 27, 2018

The historic Fairwater estate, Australia’s most expensive house

Fairwater, a magnificent waterfront estate in Point Piper, New South Wales, has become Australia’s most expensive house. The property was bought by Australian tech entrepreneur Mike Cannon-Brookes for a reported A$100 million (US$71.06 million) in September 2018. The 2.76-acre property is the largest privately held landholding on Sydney Harbour.

Contemporary Farmhouse—Holmby Hills, California
US$70 Million
Sold by Linda May of Hilton & Hyland Real Estate on May 8, 2018

Contemporary Holmby Hills farmhouse designed by Napa Valley-based architect Howard Backen

Billionaire financier Bruce Karsh—co-founder of Los Angeles-based Oaktree Capital Management—bought this five-bedroom contemporary farmhouse from the estate of the late Paramount Pictures’ CEO Brad Grey. The property sits on 2.15 acres in one of Holmby Hills’ most prestigious enclaves—the billionaire-lined street of North Carolwood Drive.

1028 Ridgedale Drive—Beverly Hills, California
US$66.25 Million
Sold by Hilton & Hyland Real Estate on August 21, 2018

The Beverly Hills estate of Australian billionaire James Packer, previously home to celebrated actors Danny DeVito and Rhea Perlman

Australian billionaire James Packer purchased this compound near the Los Angeles Country Club. Previously owned by actors Danny DeVito and Rhea Perlman, the 29,000-square-foot property encompasses four structures, including a seven-bedroom main house, several guest houses, an eight-car garage, outdoor pool, and a beauty salon. A stand-alone entertainment building includes DeVito’s original screening room, a wine room, and a cigar room.

15 Central Park West, PH 16/17B—New York, New York
US$50 Million
Buyer represented by Erin Boisson Aries of Christie’s International Real Estate Group on April 5, 2018

Duplex penthouse at the Robert A. M. Stern-designed 15 Central Park West

The duplex penthouse on the 16th and 17th floor of Robert A. M. Stern’s coveted 15 Central Park West building offers 44 feet of Central Park frontage and a 5,500-square-foot interior with three bedrooms and a home office. The living room boasts a distinctive fireplace and opens onto a private 400-square-foot terrace.

Hale ‘Ae Kai—Kauai, Hawaii
US$46.1 Million
Sold by Neal Norman of Hawaii Life Real Estate Brokers on November 9, 2018

Hale ‘Ae Kai is the most-expensive single-family home ever sold in Hawaii. (Photography by Dave Tonnes)

The most expensive single-family home ever sold in Hawaii, Hale ‘Ae Kai is a spectacular 15-acre waterfront compound near the picturesque town of Kilauea on the island of Kauai. The property features a Balinese-inspired main house composed of four pavilions connected by covered walkways and more than 10,000 square feet of living space.

443 Greenwich Street, PHA
US$43.7 Million
Buyer represented by Erin Boisson Aries of Christie’s International Real Estate Group on May 1, 2018

The unparalleled 443 Greenwich building in Tribeca (SGN/MetroLofts)

Penthouse A at the historic 443 Greenwich is a grand loft-style residence in Tribeca. The five-bedroom, six-bathroom property spans 8,569 square feet and includes its own private elevator entrance, a 41-foot-long living room, a large outdoor terrace, and a private pool. Two of the building’s parking spaces were included in the sale.

The Rutherford House—Beverly Hills, California
US$26.75 Million
Sold by Branden and Rayni Williams of Hilton & Hyland Real Estate on December 18, 2018

The Rutherford House in Beverly Hills, the onetime home of Gone with the Wind actress Ann Rutherford

The historic Rutherford House was once the longtime home of Beverly Hills home of Gone with the Wind actress Ann Rutherford and her husband William Dozier, creator of the 1960s Batman television series. The elegant, 10,402-square-foot residence is adorned with ornate architectural details, including Emile-Jacques Ruhlmann-inspired paneling, 1920s and ’30s Parisian art glass, and 200-year-old Chinese wallpaper.

Fernhill Estate—Mulgoa, NSW, Australia
US$20.9 Million
Sold by Ken Jacobs on March 7, 2018

The historic Fernhill Estate in Mulgoa, New South Wales, Australia

One of New South Wales’ oldest and most significant landholdings, the Fernhill Estate was bought by the NSW government for A$27.25 million (US$20.9 million) in March 2018. Fernhill is renowned as a premier equestrian and events facility. The estate has been home to champion racehorses and is recognized in all three Olympic equestrian sports: show jumping, dressage, and eventing.

Fleur de Mer—Colombier, Saint Barthélemy
US$20.8 Million
Sold by Sibarth Real Estate in May 2018

The Fleur de Mer estate on the Caribbean island of St. Barths

Fleur de Mer is a hilltop villa on the heights on Colombier in Saint Barthélemy. Semi-detached bungalows, each with an en suite bathroom and private terrace, surround a Japanese-inspired pond. The one-level layout blends into its forested surroundings, yet has panoramic views of the islands of Saint Kitts, Saint Eustache, Saba, Saint Martin, and Anguilla on the horizon—and a sundeck, heated infinity pool, and Jacuzzi from which to enjoy them.

Monte Carlo View—Monaco
€20.5 Million
Sold by Hammer Draff Great Properties on October 4, 2018

Full-floor residence overlooking Monte Carlo

This exceptional apartment occupies an entire floor in the Monte Carlo View, also known as the Teotista—one of the newest developments in Monaco. The residence offers breathtaking vistas of Monte Carlo from 4,600 square feet of light-filled living space. Grandly scaled for luxurious urban living, the apartment includes an entrance hall, front living room opening to a terrace, a dining room with balcony, three en suite bedrooms, and a gourmet kitchen with loggia.