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Former Cruising Yacht Club commodore Hugo van Kretschmar and his wife Karen have sold their Darling Point apartment for more than $25million.
The sale sets a new property record as the highest in the Darling Point area for more than 18 months, beating the previous $16.8million apartment sale record set in June, reports Domain.
The exact sale price of the van Kretschmar home is undisclosed, but it had a $25million price guide when it was listed by 1st City Double Bay's Julian Hasemer.
Pricey: Yachtie Hugo van Kretschmar has set a new property record after selling his Darling Point apartment for more than $25million
A social media post by the agency later confirmed the home had indeed sold for more than $25million and had been snapped up very quickly upon its listing.
Van Kretschmar and his wife purchased the two-storey block where the property sits with another apartment back in 2004 for $7million.
The pair employed Allen Jack+ Cottier Architects to design the two apartments as they built up the block.
