Real Housewives of Sydney star Krissy Marsh and her property developer husband John Marsh are upgrading to Double Bay with a shock $30m mansion purchase.
The couple yesterday pounced on the six-bedroom residence in Pinehill Ave, the long-held family home of former Magellan executive chairman Hamish Douglass and jewellery designer Sybella Morris.
Their father, the late arts patron and racehorse owner Gordon Douglass, and their late mother, Jane, had purchased the grand home with pool on a massive 2300 sqm block for a mere $74,000 in 1967.
Ray White Double Bay principal Elliott Placks, Jordan Le’Estrange and Warren Ginsberg had been guiding $30m but they’ve been silent on the final result and the purchaser.
The home was on the market for just two weeks.
It’s not known if Krissy and John Marsh’s current home in Military Rd, Dover Heights, which was for sale in 2017 with $8m expectations, will return to the market. It would fetch considerably more now.
The couple had done a major update on that home. Krissy had described it as “the house with canary yellow walls — the ugliest thing you’ve ever seen” when they’d dropped into the oen home before a Robbie Williams concert in 2003.
No doubt the couple will relish their next challenge, which, despite being huge and grand is in need of an upgrade to bring it into the 21st century.
Hamish Douglass had co-founded the global equities house Magellan Financial Group in 2007 but resigned in March.
His sister, Sybella, bought in Whale Beach for about $10.5m in 2020.
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