Gordon's historic Mandalay estate sells for about $14m, smashes district record

The historic Gordon estate Mandalay – listed last month for $14.5 million – has sold, smashing all upper north shore records.

The final price remains undisclosed, but sources say given the short time it was for sale it is expected to have exchanged for about $14 million.

The 1901-built residence was the long-time home of Jane Selig and Geoff Selig, the executive chairman of marketing firm Ive Group and a former NSW Liberal Party president.

Darren Curtis of Christie’s International and Glenn Curran of McGrath were gagged by confidentiality orders from revealing the sale price, but it was marked as “sold” on the Domain website by lunchtime on Tuesday.

The sale of the historic Federation Queen Anne-style residence on 3700 square metres is expected to have topped by about $1 million the district’s $13 million high set last year when tech entrepreneur Dominic O’Hanlon and his wife Karen sold their Wahroonga home.

The Wahroonga record also topped by more than $1 million the previous district high of $11.8 million set by the Killara mansion Ballernoo when it sold in 2016 by Demlakian Consulting Engineers chief and keen poker player Ken Demlakian and his wife Josie.

Mandalay was initially known as Tasserton when it was designed by architect Geoge Matcham Pitt for merchant John Ferguson and his wife Theresa, until it sold in 1920 to grazier Robert Holloway and his wife Enid, who renamed it Carleton.

The 3700-square-metre property was named Mandalay by Alexander Rigby, a partner in construction firm Kell & Rigby, after he bought it in 1960.

In 1967, it was sold to Baron John Boyd and his wife Baroness Jeanette Boyd, who sold it to the Seligs in 2009 for $5 million.

The Seligs then commissioned Hare+Klein Interiors and Peter Fudge Gardens for a major renovation and extension that doubled the floor plan.

The five-bedroom residence has a vast floor plan that includes a billiard room, cellar with a tasting room, media room and a six-car garage. The gardens incorporate a tennis court, swimming pool and spa.