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Point Piper property sells for record $52m
Released 24 September 2010

Villa Veneto, a six-bedroom, nine-bathroom harbourside property in Sydney’s exclusive Point Piper has been sold to David Penn, a dentist and medical innovator, for $52 million. 

That’s $7 million above the previous record in 2008 of $45 million paid for Coolong, a beachfront home in Vaucluse.

Penn and his wife, Linda, sold their Bellevue Hill home to Tom and Lilly Haikin for $23.5 million a week before purchasing Villa Veneto from recruitment tycoon, Andrew Banks and his wife Andrea.

Villa Veneto is located in Wolseley Road, Australia’s most expensive street.