{"id":592613,"date":"2026-04-08T03:45:08","date_gmt":"2026-04-08T03:45:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/592613\/"},"modified":"2026-04-08T03:45:08","modified_gmt":"2026-04-08T03:45:08","slug":"homeowners-band-together-for-140m-windfall","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/592613\/","title":{"rendered":"Homeowners band together for $140m+ windfall"},"content":{"rendered":"<p><img fetchpriority=\"high\" class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post-1114911 wp-image-1114909\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1114909\" data-capiid=\"d407d817de2c3413857639a712365151\" width=\"1280\" height=\"720\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1280 720&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1114909\" class=\"wp-caption-text\">The search is on to find a developer to purchase the 1.72ha site.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Fifteen homeowners in prestigious Pymble have banded together looking for a developer to buy their prime multi-million dollar homes situated 250m from the station.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">And word is they\u2019re looking for more than $140m.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Normally it is the developer that does the courting of homeowners, not the other way round.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">But one of the residents in the vast Orinoco St and Livingstone Ave site is an agent and he is heading up the <a href=\"https:\/\/www.realestate.com.au\/property-house-nsw-pymble-150761176\" rel=\"nofollow noopener\" target=\"_blank\">search for a developer to buy the 1.72ha consolidated block<\/a>.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Joseph Choi, of RE\/MAX Prestige, has put together the largest development site in Pymble, capable of holding up to 386 new dwellings.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">MORE:<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"><a href=\"https:\/\/www.realcommercial.com.au\/news\/roxy-jacenkos-paddington-office-up-for-auction-with-10m-hopes\/?campaignType=external&amp;campaignChannel=syndication&amp;campaignName=ncacont&amp;campaignContent=&amp;campaignSource=daily_telegraph&amp;campaignPlacement=realestatemodule\" rel=\"nofollow noopener\" target=\"_blank\">Roxy Jacenko\u2019s office up for auction<\/a><\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post-1114911 wp-image-1114907\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1114907\" data-capiid=\"1e6cc32e2aa759b390cc03dc4c6aca17\" width=\"768\" height=\"1024\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 768 1024&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1114907\" class=\"wp-caption-text\">The well-located property is capable of housing 386 new dwellings.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">He wouldn\u2019t be drawn on a price guide for the 15 homes but the median house price in Pymble is $3.54m and homeowners were looking for offers of at least $140m.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Numbers 2-18 Orinoco St and 16-26 Livingstone Ave have been approved as a State Significant Development with new buildings able to rise up to 22m in height.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Choi said the site is bounded by roads on all sides and has no immediate neighbours.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">All 15 vendors have agreed to sell together in a coordinated sale process, there are no bushfire, flood or biodiversity constraints and the land is elevated with potential views towards the Blue Mountains.<\/p>\n<p><img class=\"styles__StyledImage-sc-17n6uwl-1 hlcJVa size-full wp-post-1114911 wp-image-1114908\" loading=\"eager\" decoding=\"async\" aria-describedby=\"caption-attachment-1114908\" data-capiid=\"0937f3d9a499e28c7e37ddc16e4821e9\" width=\"1280\" height=\"720\" src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1280 720&quot;%3E%3C\/svg%3E\"  alt=\"\"\/><\/p>\n<p id=\"caption-attachment-1114908\" class=\"wp-caption-text\">Agent Joseph Choi said it was a challenge to persuade all 15 owners to be involved.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Much of his property video centres on nearby schools including Abbotsleigh, Barker College, Knox Grammar and Ravenswood.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">Choi said it was a challenge to persuade all 15 owners to be involved and they were hoping interested parties would come forward before April 30.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">He wouldn\u2019t be drawn on a price guide for the 15 homes but the median house price in Pymble is $3.54m and homeowners were looking for offers of at least $140m.<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\">MORE:<\/p>\n<p class=\"Text__Typography-sc-1103tao-0 bjGYxJ StyledP-sc-cebixd-0 bzEerj\"><a href=\"https:\/\/www.realestate.com.au\/news\/sydney-home-owner-takes-10m-hit-on-mansion-bought-last-year\/?campaignType=external&amp;campaignChannel=syndication&amp;campaignName=ncacont&amp;campaignContent=&amp;campaignSource=daily_telegraph&amp;campaignPlacement=article\" rel=\"nofollow noopener\" target=\"_blank\">Owner takes $10m hit on mansion bought last year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The search is on to find a developer to purchase the 1.72ha site. Fifteen homeowners in prestigious Pymble&hellip;\n","protected":false},"author":2,"featured_media":592614,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":{"0":"post-592613","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-au","9":"tag-australia","10":"tag-business"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/592613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=592613"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/592613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/592614"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=592613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=592613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=592613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}