Mosman house price record smashed by Sydney Swans chairman’s $40m sale

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Mosman house price record smashed by Sydney Swans chairman’s $40m sale
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Sydney Swans chairman Andrew Pridham has set a Mosman record before, but this time it’s his long-held historic mansion that has claimed the crown.

Mosman’s trophy home market has inched that bit closer to the lofty heights of the eastern suburbs after the Federation mansion of investment banker and Sydney Swans chairman Andrew Pridham sold on the quiet for about $40 million.

The exact sale price is yet to be revealed, but is hoped to give the local market a much-needed boost in the lead-up to spring, given a dearth of listings and sales locally.The grand merchant mansion, long known as “Kia Lama”, last traded more than 25 years ago when sold by John and Patricia Gerahty for $6.05 million.

Kia Lama has long been held up as arguably one of Mosman’s finest residences by local agents. It is set on more than 2600 square metres and comes with a tennis court, swimming pool, gymnasium and, an independent source said, “sensational views across Mosman to the city”.

Kai Lama sold on an extended settlement period, freeing Pridham to complete the current rebuild of Hopetoun ahead of his move.Mosman’s housing market has clocked up fewer than a dozen sales this month, including Kia Lama, making it one of the quietest winter months in about a decade.

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