The Primrose Ave home attracted seven registered bidders when it was sold to a family in the then CBD, with sellers Mok Mei Ying and Leung Kwong Chung moving to the Lower North Shore.

The final sale of Palazzo Sul Mare lifted its own price record in the southern suburbs overlooking Botany Bay, the previous record being $7.8 million set in 2015.

In its first week on the market, it attracted around 5,500 page views on realestatee.com.au.

"Every element of this exquisite Versace property is pure perfection; from its stunning interiors, expansive open spaces and six-star resort feel - there could not be a more perfect showcase of luxury beachfront living," the listing reads.

"'Palazzo Sul Mare' is situated on a prime 980 square metre site with 25 metres of direct beach frontage and will inspire with its imaginative design and magical views of Sandringham Bay, ideally located just 10 kilometres from Sydney Airport and 20 kilometres from the CBD."