EBay man David Mills scales up to a $12.67 million trophy home in Seaforth

Powertools wholesaler David Mills, the 41-year-old known as the “eBay Man” for the large-scale sales he makes on the site, has made an impressive step up from his Birchgrove apartment.

Mills, who starred on the young rich lists before he turned 40, has bought the Seaforth waterfront residence, Sorrento, in a company name for $12.675 million from smash repairer Keith Burrow and his wife, Jenny.

It set a suburb high when it exchanged last year through McGrath’s Michael Coombs.

Mills made his debut on the BRW Young Rich List in 2013 with an estimated worth of $25 million  after he started selling his power tools from his AGR Machinery company on the auction site eBay.

While corporate fillings show the 41-year-old remains a resident of the three-bedroom apartment in Birchgrove he bought in 2010 for $1,525,000, he is expected to trade up to the Seaforth residence as his permanent home.

The Seaforth property set a suburb high when it changed hands last year. Photo: Supplied

Formans on the move in Mosman

Rothschild managing director Chris Forman and his wife Sarah have traded up in Mosman paying more than $8 million for Federation mansion Downing.

The almost 1300-square-metre property with tennis court has been the home of Justice Geoffrey Flick of the Federal Court and his wife Robyn since 1992, when it was sold for $1.52 million by former Jones Lang Asia-Pacific chairman Frank Charnock.

Chris Forman and his Sarah have bought the Federation mansion “Downing” in Mosman. ​Photo: Supplied

Recently updated title records revealed the buyer’s interest in the property but it will be left to settlement to confirm the rumoured result given no comment by McGrath’s Michael Coombs.

The Formans are trading up from their four-bedroom Glover Street house sold last week for about $4 million by Ray White Mosman’s Geoff Smith.

• Related: Buyer of $30m boathouse revealed
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• Related: Mosman on a bull run of prestige sales

The Flick family sold their Federation home after almost 26 years. Photo: Supplied

Meanwhile, Mosman’s bull run continues with another double-digit deal, the Beauty Point waterfront property of Silvana

Marshall, wife of lawyer Richard Marshall, the former head of legal for Glencore Xstrata.

Mark Manners, of Simeon Manners, was asking $11 million to $11.5 million for the home, designed by architect Louise Nettleton for former owners Shane and Sally Oxenham. Settlement will disclose how much more than $11 million the sale achieved.  The listing coincided with the Marshalls’ $12 million purchase of the Palm Beach trophy home Karala last year.

Sydney investment going to auction

The McMahons Point investment property of Gendy and Hugh Parry-Okeden has hit the market. ​Photo: Supplied

A March 17 auction date has been set on the McMahons Point bolthole of Gendy and Hugh Parry-Okeden, the polo-playing nephew of reclusive billionaire heiress Blair Parry-Okeden.

The Victorian-era house is a Sydney investment for the Richmond couple, who bought their Hawkesbury River property last year for $4.3 million.

The property goes to auction on March 17.​ Photo: Supplied

Hugh, the creative mind behind the hardwood building company Giddiup, and Gendy, of Hickory Hill Home, sold their historic Cattai property in 2016 for $7.3 million to a syndicate of Chinese buyers.

McGrath’s Michael Coombs and Will Manning are asking $3.5 million to $3.7 million.

Boat builder snaps up Wiggleridge

”
Wiggleridge” in Vaucluse has changed hands for $7 million. Photo: Supplied

The Vaucluse property Wiggleridge has found a new $7 million owner in boat builder James O’Neil, son of wealthy developer and yachtie Colin O’Neil.

The chief of Atomic Marine bought the home on a 1200-square-metre block from Shaun Browne, executive chairman of resources firm AME Group.

James O’Neil purchased the property from Shaun Browne. Photo: Supplied

Michael Pallier, of Sotheby’s International, had it on and off the market in recent years. It last traded in 1994 for $1.525 million when sold by Renee Williamson-Noble, wife of M&A lawyer John Williamson-Noble.

$11 million sale for Avalon waterfront

The Newport waterfront property “Watermark” is being marketed with a price guide of $5 million. Photo: Supplied

The 1960s Douglas Snelling-designed residence on the Avalon waterfront has sold for more than $11 million.

Owned by lawyer brothers Alasdair and Andrew Cameron, it set a suburb record when it last traded in 2006 for $9.65 million. Ray White’s Noel Nicholson was gagged from confirming the rumoured sale result.

The waterfront residence goes to auction on March 24. Photo: Supplied

The sale coincides with the listing of the Watermark at Newport owned by liquor industry veteran Peter Toohey and his wife Philippa.

The contemporary five-bedroom residence with deep waterfrontage and swimming pool goes to auction on March 24 with a $5 million guide through McGrath’s James Baker.