Denis O'Neil buys Vaucluse house for $5.5 million

Property developer Denis O'Neil and his wife Charlotte have bought a new forever home on the clifftop at Vaucluse to replace the $28 million Addenbrooke estate in Bellevue Hill they sold to billionaire Bob Ell in 2013.

The Jensen Avenue house is expected to be another renovation for Charlotte, whose interior design skills have made good the Woollahra homes where they've been slummin' it in recent years.

Settlement will reveal the exact purchase price paid by the O'Neils, given no disclosure on the result. However, Ray White Double Bay's Elliott Placks and Ashley Bierman were asking $5.5 million, and it's likely they would have been required to cough up more than that to secure the home ahead of the scheduled auction.

The three-bedrooom house with a pool and uninterrupted ocean views last traded in 1995 for $722,000.

Denis O'Neil at 7 Jensen Avenue, Vaucluse NSW.The three-bedrooom house last traded in 1995 for $722,000. Photo: Supplied

Home-owners on the South Head clifftop have done well since police raided the clifftop house of "Teflon" John Ibrahim in August and left without laying charges.

Celebrity accountant Anthony Bell set a Dover Heights record of $11.5 million in September when he bought the clifftop house of his mate, Morning Show co-host Larry Emdur.

Speculation has it Bell bought it for his estranged wife Kelly Landry, leaving him the Watsons Bay waterfront with its private jetty access.

Police search John Ibrahim's clifftop home in Dover Heights.Police search John Ibrahim's home in Dover Heights. Photo: Janie Barrett.

Meanwhile, a sold sign has gone up on the Vaucluse home of Westpac senior executive Michael Correa and his stylist wife Heidi Carter.

Ray White's Elliott Placks declined to reveal the buyer, rumoured to have paid $7.15 million, but the result is well up on the $4.9 million they paid three years ago from former prima ballerina Darcey Bussell and her fund manager husband Angus Forbes.

Correa and Carter aren't going far. Sources have dobbed them in as the almost $8 million buyers of the Gibsons Beach home of former Deutsche Bank managing director Matt Milsom sold through Ray White's Gavin Rubinstein.

Heidi Carter at 18 Vaucluse Road, Vaucluse NSW.Stylist Heidi Carter (above) and Westpac senior executive Michael Correa have sold in Vaucluse. Photo: Supplied by Ray White

This story Denis O'Neil buys Vaucluse house for $5.5 million first appeared on The Sydney Morning Herald.