La Mer, the sprawling Sydney Mansion, was built by casino mogul for his wife Erica Baxter in 2010. The home features a rooftop pool, cinema, and 20 car underground garage, not to mention some of the best views of Sydney Harbor.
Sadly, the couple split up before they could even move in-Forcing Packer to sell his “love nest”. It is reported the mansion has sold for a record breaking $70,000,000 to Chinese billionaire Chau Chak Wing. Despite the massive price tag it is rumored that Packer has barely broken even, having spent $30,000,000 on amalgamating three Vaucluse properties and another $40,000,000 on a mammoth extension.
‘The sale has affirmed Sydney’s Eastern suburbs as some of the most lucrative and desirable properties in the world’Craig Pontey Director at Ray White Double Bay.
When it comes to choosing the best real estate agent in Sydney’s Eastern Suburbs, results matter. And in 2025, two of Ray White Double Bay’s most trusted professionals have been recognised for doing just that. Graham Berman has been named the realestate.com.au Top Agent in Rose Bay, while Warren Ginsberg … Read more
We are proud to announce that Ashley Bierman has stepped into the role of Principal & Director at Ray White Double Bay, joining Elliott Placks, Michael Krimotat and Warren Ginsberg. With 19 years of experience at Ray White Double Bay, Ashley brings exceptional market knowledge, a consistent record of high … Read more