723 Old South Head Rd, Vaucluse is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 314m2. While the property is not currently for sale or for rent, it was last sold in August 2024.
Commanding a landmark corner position directly opposite the iconic Diamond Bay Bowling Club, this tightly held property presents an exceptional opportunity to secure two attached original residences on one title. Offered to the market for the first time in approximately 70 years, the site opens the door to a range of future possibilities-renovate for dual occupancy, reimagine as one substantial family residence, or capitalise on the zoning to create a boutique luxury townhouse or apartment development (STCA).
Set on a prized corner block with uninterrupted open outlooks across Diamond Bay's manicured bowling greens, the location is second to none. Diamond Bay Reserve, scenic clifftop walking tracks, Christison Park, village shops and celebrated local favourites including The Botanica and Grumpy Baker are all just moments away, reinforcing the lifestyle appeal of this blue-chip Eastern Suburbs address.
- R3 Medium Density zoning with 0.9:1 FSR and 12.5m height limit
- Approx. 530sqm corner allotment with wraparound gardens
- Prominent dual street frontages of approx. 27m x 27m
- Scope to renovate, hold as an investment, or redevelop (STCA)
- 723: Two bedrooms plus sunroom, one bathroom, single lock-up garage
- 725: Three bedrooms, main bathroom plus additional WC, single lock-up garage
- Classic period features including high ornate ceilings and sandstone footings
- A rare and inspiring offering with outstanding upside, positioned in one of Vaucluse's most tightly held and lifestyle-driven pockets.
The size of Vaucluse is approximately 3.1 square kilometres. It has 16 parks covering nearly 27.0% of total area. The population of Vaucluse in 2016 was 9337 people. By 2021 the population was 9510 showing a population growth of 1.8% in the area during that time. The predominant age group in Vaucluse is 10-19 years. Households in Vaucluse are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Vaucluse work in a professional occupation.In 2021, 71.50% of the homes in Vaucluse were owner-occupied compared with 70.70% in 2016.
Vaucluse has 4,577 properties. Over the last 5 years, Houses in Vaucluse have seen a 63.00% increase in median value, while Units have seen a 42.20% increase. As at 31 January 2026:
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