Two houses just sold for a total of $110 million. One is a $55 million 'knockdown'

Two houses in Australia's most expensive city have sold in quick succession for a whopping $110 million combined.

And the buyers of one of the homes, which are in Sydney's harbourside suburbs, has already said they plan to knock down their just-purchased $55 million home.

The home that is to go under the wrecking ball is a mid-century home with stunning harbour views in the suburb of Vaucluse.

The property had been owned by 98-year-old Isaac Wakil, who, along with his late wife Susan, were some of the city's most generous philanthropists.

Selling agent and Ray White Double Bay principal Elliott Placks said the purchasers, who wished to remain anonymous, will demolish the home and rebuild on this site that has sweeping harbour views across the full majesty of Sydney's iconic skyline.

He said there was plenty of interest in the property, which had been held by the Wakils for 65 years.

"We received interest from a lot of local and international buyers. In fact, we had interest from buyers in Asia, the UK and Europe," Mr Placks said.

"There were more than 100 enquiries, and we took 25 groups through the home too.

"These pre-qualified inspections show you the depth of the buyer demand at this level as these buyers not only needed the budget to be able to buy but also to rebuild again."

The immaculately maintained mid-century home features gun-barrel view of the harbour and takes in all the city's most famous landmarks including the harbour bridge, opera house and city skyline.

While it's address is a harbourside street, it sits on the higher side and is therefor not a waterfront.

Meanwhile a mansion in the suburb of Point Piper, owned by Retail Apparel Group co-founder Stephen Liebowitz and his wife Pam for almost 21 years, was sold for around $55 million.

The four-bedroom Leslie Wilkinson designed home again offers stunning harbour views and includes a garden designed by the noted Annie Wilkes.

It last sold for $12 million in 2004 according to Cotality. The median house price for Point Piper currently sits at $16.63 million.

The home was first listed in 2024, with a buyer for the prime property eventually being found.

"The Leibowitz home was beautiful and we had to find a buyer who appreciated the view and the layout," Mr Plack said.

"We had multiple buyers and it took a longer to complete this deal but the sellers are thrilled with the result. We kept engaging and driving and re-invigorating the market.

"Naturally the buyers want to remain confidential, that is their wish, which we respect."