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$14m for a 613sq m clifftop: tech billionaire reportedly buys Twisties heir’s Clovelly home
A clifftop home in Sydney's east, owned by a grandson of the man who brought Twisties to Australia, has sold for $14 million to one of the country's youngest tech billionaires.
The five-bedroom house at 12 Victory Street, Clovelly, went under the hammer on 27 October with a $15 million price guide. According to Domain, Nine.com.au understands the buyer is James Ferguson, the 34-year-old co-founder of crypto gaming company Immutable. REA Group also named Ferguson, who bid through buyer's agent Leon Jacques of Aurum Advisory.
The home sits on Clovelly's southern headland, looking over the Pacific towards Wedding Cake Island. Image: Domain
A $500,000 gain in five years
The sellers, Anthony and Daniella Goodridge, bought the property for about $13.5 million in 2021. At the time it set a Clovelly house price record, beating the suburb's previous high of $9.9 million, REA Group reported.
The $14 million result means the home gained about $500,000 on paper in roughly five years. That is before stamp duty, agent fees and any money spent on the house. REA Group reported only two registered bidders, with just Ferguson's agent active, and described the sale as "more a negotiation than an auction".
Raine & Horne Double Bay agent Paul Langsam confirmed the price to Nine.com.au but did not name the buyer. "It sold on the night of the auction," he said, adding that the home's views made it a rare opportunity.
What $14 million buys
The house was designed by award-winning architect Jon King. It sits on a 613sq m block, according to 2021 sales reports. Listing details include:
- five bedrooms and four bathrooms
- an eight-metre heated pool facing the ocean
- an entertainer's terrace, plus a separate courtyard with a cabana and barbecue
- a basketball court, wine cellar, gym and sauna
- a five-car garage with space for a boat
The eight-metre pool looks straight out to the ocean. Image: REA Group
Designed around the view
The listing photos show a home planned around its outlook. The pool, terrace, living room and at least one bedroom look out to the ocean. Wide glass doors open the living areas onto balconies and the terrace, so indoor and outdoor spaces run together. That direct connection to the water is a big part of what buyers pay for on Sydney's eastern headlands.
