Farriss commissioned acclaimed architect Luigi Rosselli to design the striking waterfront residence after he bought the property in 1988 for $510,000.
Completed in 1991, Farriss sold it in 1996 for $1.715 million to retired CSR executive Peter Bowen and his wife Julianne, and the Bowens onsold it in 1999 for $2.3 million to pharma-biotech company EDB Group director Stephen Ell.
Ell has listed it with McGrath's Michael Coombs.
Meanwhile the former manager of INXS Gary Grant and his partner, actor and ceramicist Joy Smithers, scored a bullish $1.3 million for their Botany home before this week's scheduled auction through George Faris, of The Sydney Property Agency.
Records show the couple have bought another home with "redevelopment potential" on nearby William Street for $1.54 million.
Tamarama record to be wrecked
Travelogic founder Craig Smith and his wife Kate have bought a $12.5 million knock-down-rebuild at Tamarama.
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The purchase through McGrath's Simon Exleton set a suburb high when it exchanged in July - topping the $11 million high of 2008 set by Built chairman Marco Rossi and his partner Stephanie Stokes - but that record won't hold long.
Fashion-industry veteran Robby Ingham and his wife Sarah are expected to pocket close to $13 million when DJ Annie Conley takes possession of their recently sold beachfront reserve residence later this year.
Meanwhile, given the rebuild plans for the Smith's new home - which last traded in 1991 for $640,000 - they are expected to remain in their Bronte home. For now.
White House deal sewn up
Thanks to a caveat lodged on title this week, plastic surgeon Darryl Hodgkinson and his wife Katherine are revealed as the $5.3 million buyers of the Paddington home of radio presenter Phillip Adams.
Known as the White House in its latest campaign by Louisa Jackson of Langulin, the sale makes the Hodgkinsons the third owners of the home built in 1987 for adman John Nankervis.
The Hodgkinsons are best known for their $10 million sale a year ago of the Queen Anne property, Newstead, in Darling Point to the National Breast Cancer Foundation chief Professor Sarah Hosking.
Adams paid $960,000 for the Peter Stronach-designed residence with George Freedman interiors in 1990.
Beauty pays off handsomely
Irene Falcone and her husband police Senior Sergeant Tim Fairservice have done well from the natural beauty game in recent years, and have stepped up their real estate portfolio accordingly.
Falcone founded her online retailer Nourished Life in 2012 with $100 and has grown it into a company with an annual revenue of more than $20 million.
Cue the sale of the Balgowlah Heights home they bought last year for $2.45 million to up-grade to a $7.1 million Clontarf house.
Mulhams on move from Vaucluse
Expect to pay double digits for the Vaucluse home of David and Clare Mulham, of the Rich List Roche family.
A marketing campaign was kicked off this week by James McCowan and Michael Pallier of Sotheby's International and reveals a renovation of recent years with Morrocan and African influences since the daughter of Bill and Imelda Roche bought it in 2008 for $9.6 million.
The Coolong Road residence was previously owned by Ailsa and Patrick Crammond, managing director of Southern Cross Financial Advisers, who bought it in 1998 for $2.525 million from international arbitration lawyer Doug Jones, AO.
The listing coincides with talk from Bondi the couple are heading to the beach.
Still with the who's who to the property's paper trail, Jones bought the 880 square metre property in 1993 for $1.4 million from royal blueblood, the Hon John Dawson-Damer, who was selling up to move to the $6.15 million Rose Bay mansion he bought from Perth property tycoon John Bond.
Paddington weekender sold
Chief Justice of the Federal Court James Allsop, OA, has sold his Paddington terrace for $2.235 million.
Records show Di Grundy, of Bresic Whitney, had a $2.1 million bottom line when it was listed last month, raising the guide shortly before it sold.
The Underwood Street terrace was a weekender of sorts for the Melbourne-based legal luminary, who bought it three years ago for $1.48 million from Anne McWilliam, of the McWilliam wine family.
Bondi pad listed
Ipac Securities co-founder Darryl Harford, calls Tuscany home nowadays, prompting the sale of his Bondi penthouse for $3.6 million.
The three-bedroom house on oceanfront reserve was bought by in 1999 for $890,000 from Powerbox Australia managing director Marc Rutty and his wife Helen, granddaughter of Sir Sydney Snow.
Goodyer Real Estate's Rosalia Marasco has set a December 5 auction.