A Sydney trophy home belonging to the heir of the Twisties snack empire has sold to a tech billionaire in a $14 million deal.
The five-bedroom residence was originally listed by Anthony Goodridge, the grandson of the late millionaire property developer Isador Magid, and his wife, Daniella Goodridge.
Designed by award-winning architect Jon King, the property has an eight-metre swimming pool looking out to the ocean, an entertainer’s terrace and a separate courtyard with a cabana and barbecue area.
There’s also a basketball court, wine cellar, gym and sauna, as well as a five-car garage with enough room for a boat.
Records show the Goodridge family, who previously owned a swim school in Sydney’s east, purchased the property for $13.5 million in 2021.
The family’s strong tie to property began with Magid, who introduced one of Australia’s most recognisable snacks.
He was raised in Manchuria, in north-east Asia, before moving to Melbourne, where he and his father, Alexander, introduced Twisties to Australia in 1951.
The pair sold the snack brand to Darrell Lea four years later, with Isador going on to build a fortune in property development.
One of his best-known projects was Melbourne’s Fountain Gate shopping centre, which would later become a household name thanks to the television comedy Kath & Kim.
Magid sold the centre in 1992 for $187 million, according to the Australian Financial Review, and his fortune was estimated at $240 million in 2004, when he died aged 91.
Nine.com.au understands the Clovelly property was snapped up at auction by James Ferguson, the 34-year-old co-founder of cryptocurrency business Immutable.
Ferguson founded the Australian crypto gaming company alongside his younger brother Robbie, 29, with the pair amassing a fortune in the tech industry.
Raine & Horne Double Bay agent Paul Langsam confirmed the $14 million sale price to nine.com.au, but declined to comment on the identity of the buyer.
“We had strong activity and inquiry through the campaign, we issued several contracts through the process and it sold on the night of the auction,” Langsam said.
“It’s a highly desirable location. [It has] stunning views, it’s rare to be offered opportunities like this in the marketplace.”
'Like being inside a seashell': Lush Clovelly home on the market
“Balancing privacy and openness, this home is a fusion of timeless design and sustainability," says the agent.
‘One of the best spots in Clovelly’: Six families fight for $10.4m home
The proceeds of the deceased estate will be donated to charity after six local families competed for the beachside residence.
Twisties heir lists $15m Sydney beach house
The family behind one of Australia’s favourite snacks is selling another multimillion-dollar home.
The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs.
