Vaucluse home linked to Point Piper’s $95m Edgewater buyer ‘John’ Changjin Li has $46m guide

A Vaucluse home linked to ‘John’ Changjin Li, the $95m purchaser of the Point Piper mansion Edgewater more than two years ago, has price expectations of $46m.

The 2641 sqm block with 1920s bungalows at 85-89 Hopetoun Ave is in the name of a Li family member, Changren Cheng, bought for $6m in 2010.

Plans for the gold mining businessman’s new $10.2m nine-bedroom mega mansion were knocked back by Woollahra Council last May, but Raine and Horne Avalon’s Nina Sokolov’s ad says “verbal DA approval has been granted”.

However, it’s understood that verbal agreement for DA approval would never be given and that the matter is still before the Land and Environment Court.

The new three-storey residence would offer 2000 sqm of living space, seven separate living areas plus outdoor entertainment areas, expansive gourmet kitchens and 16 bathrooms.

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The new mansion proposed for the site would have seven separate living areas, plus outdoor entertainment areas, and have 16 bathrooms.

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The Hopetoun Ave site is a sprawling 2641 sqm block.

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The Brian Meyerson of MHNDU design also allows for basement parking; cinema, swimming pool, extensive landscaping and panoramic water views.

Li’s plans for “alterations and additions” to his new Point Piper home were also rejected by Woollahra council last June.

Settlement has been delayed on the $95m Wolseley Rd property, still in the name of Katies clothing co-founders Joe Brender and his wife, Gerda, and the family of his late business partner, Sam Moss.

Yet it’s understood that Li is already living in one of the apartments on the site under a rental agreement with the vendors.

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Li’s plans for the Wolseley Rd property Edgewater have been knocked back by Woollahra Council.

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Edgewater has incredible iconic harbour views.

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Edgewater has a rare 40m harbour frontage and is in one of the most-prized locations in Point Piper, directly in front of the Bridge and Opera House.

Its tennis court on the waterfront is well known and there’s a deepwater jetty.

The Brender and Moss families bought the 1800 sqm property for $5m in 1985 from the entertainment promoter Michael Edgley as a concrete shell.

They commissioned architect Stephen Gergely to convert it into two strata residences to house the two families.

The property is just a few doors along from the Westfield billionaire Frank Lowy, who bought his waterfront for $1.3m in 1991.

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