Atlassian cofounder Scott Farquhar has sold his waterfront mansion, Elaine, next to his cofounder's house for $130 million.
Farquhar and his wife bought Elaine for $71 million in 2017 and had plans for its redevelopment, but objections from the neighbour may have influenced the sale.
The buyer, an unnamed local, could use previous redevelopment plans or take advantage of the site's zoning to build luxury apartments.
The sale not only brings a handsome ROI for Farquhar but also delivers $9 million in stamp duty to the NSW government.