Homes purchased for $780,000 were sold at a hot auction for $22 million

33 Vaucluse Rd, Vaucluse was priced at $760,000 in 1985. Last night, the auction sold for $22,055,000.

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This year was 1985, and Michael J Fox’s Classics was just released.

It was also the year when Mark and Robyn Tzipris bought a double-storey modernist house, directly opposite Hermitage toreshore Walk and Strickland House.

The six-bedroom home at 33 Vaucluse Rd in Vaucluse cost $760,000, which was a huge sum of money at the time, but wouldn’t even buy beds in Sydney East today.

No one can expect that 40 years later, the same house, with its iconic views, will be available for up to $22,055,000 at last night’s indoor auction.

The results are much higher than the $20 million price guide set by Ray Double Bay’s Adam Reichman and principal Elliott Placks.

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Those incredible harbor views are a big selling point.

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The interior may look similar to what it was when it was purchased.

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Agents could not be contacted, but auctioneer James Keenan had three active bidders.

It started with a price of $19 million, with a gain of $100,000 and entered the market for about $20 million.

This home features three bathrooms and a double garage, located in the 824 m2 block.

When listed, Reichman told Wentworth couriers: “It’s a once in a lifetime opportunity and the owners love to live there.”

The kitchen may have been updated since 1985.

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The swimming pool will be a big hit when new owners move in.

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There is an internal lift, veranda facing the area, excellent granite kitchen, swimming pool and a huge roof that offers great potential.

It was a big night for Reichman, who sold $29 million in real estate in just three hours at auction.

He also sold a four-bedroom home at 147 O’Sullivan Rd in Bellevue Hillfor, the source recalls. The guide is $6.5 million.

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