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Watsons Bay Suburb Profile

By Pillinger

Watson’s Bay has, over the last couple of decades, been seen by a portion of the mainstream market, as a suburb that is too distant from the city. In recent times, improved roads, water taxis, improved ferry services and private jetty pickups have increased the suburb’s accessibility with Watsons Bay now being one of Sydney’s most coveted locations.


The top four sales in the last 10 years include 2 Pacific Street, sold in 2009 for over $16m, shortly followed by the sale of 20 Pacific Street owned by Peter Gell, who had owned the property for his entire life, and 22 Pacific Street owned by Mark Schwarzer, one of Australia’s most famous international Soccer player. 20 &22 Pacific Street was amalgamated to build one of the premier properties on the harbour, enjoying large waterfront land, jetty, modern design & Harbour Bridge views.


4 Pacific Street was sold by Vaughan Blank in 2008 for $22.5M so he was free to buy 23 Victoria Street for $28.1M (The Grace family’s deceased estate). On this landholding, he built one of the most significant homes in Sydney.


The top 4 Suburb sales are as follows:

23 Victoria Street, Watsons Bay
Sale Price $28,100,000

4 Pacific Street, Watsons Bay
Sale Price $22,500,000

2 Pacific Street, Watsons Bay
Sale Price $16,450,000

25 Victoria Street, Watsons Bay
Sale Price $16,000,000