Former Elle magazine editor and interior design expert Deb Coffey has sold her Cremorne Point waterfront home for between $11.5 million and $12 million, nearly doubling her investment in just three years.
Coffey and her photographer husband Ross purchased the five-bedroom property on Kareela Road in 2022 for $7.15 million before embarking on an extensive renovation. Working with architects Villa + Villa, the couple preserved the home’s 1909 heritage features while completely transforming the interiors.
The renovated property now boasts direct access to Old Cremorne Wharf, a self-contained studio, large rumpus room, three-car garage, and a rooftop terrace with harbour views. The stylish interiors reflect Coffey’s design expertise, honed through renovating at least 10 properties and running her Mosman homewares store, Manyara Home.
According to Michael Coombs of Atlas real estate, the sale comes after an unsuccessful listing last year. This year’s market proved more favourable, with “three or four parties fighting for” the property.
“There are more buyers around this year, but they are not in a hurry,” Coombs noted. “They’re happy to pay for the right property though.” He added that expats and buyers relocating between areas are active in the market, predicting “some good sales go through before April.”
The Cremorne Point area continues to attract premium prices for distinctive properties, particularly those with waterfront access and harbour views.
Published 15-March-2025
