Mother of billionaire NBL boss to sell $12 million-plus Mosman mansion

Svetlana Kestelman, the mother of Rich Lister and owner of the NBL, Larry Kestelman, has put her Mosman mansion on the market with a price guide of $12.75 million to $14 million.

The retired doctor bought the Mediterranean-style home that was built about the 1950s for $7.31 million in 2020, records show, and transformed it into a contemporary four-bedroom, four-bathroom home that oozes Hollywood Glamour and Neo Deco trends.

Approved DA plans lodged with council reveal an extensive renovation coming to a total of about $1.48 million, including decking and landscaping.

The finished result is an all-white dual-level residence overlooking Chowder Bay with an entertainer’s terrace and outdoor kitchen.

There is a custom pivot door as well as terrazzo floors, expansive glass, a full-height marble feature wall, designer lighting and curved surfaces.

Larry was born in Odesa in Ukraine and moved to Australia with his parents in his youth. He co-founded telecommunications company Dodo in 2001 and sold it for $203 million in 2013, assumed ownership of the NBL in 2015 and has an estimated wealth of $1.36 billion, according to The Australian Financial Review’s 2025 Rich List.

The listing comes after a palatial Mosman home sold for about $50 million in October, making it both a suburb and north shore record.

The six-bedroom, seven-bathroom, three-storey property was sold by the Balnaves philanthropic family just days before the estate officially went to market.

It sold towards the top end of the $45 million to $50 million guide, according to two sources with knowledge of the deal but not authorised to comment publicly. The exact sum and buyer’s identity will be revealed at settlement.

Michael Coombs and Daniel Meakins of Atlas Lower North Shore are selling Kestelman’s home.

Former soccer titan tries again

Scott Barlow, the former chairman of Sydney Football Club, and his wife, Alina, a foundation director at the club, are attempting to sell their Vaucluse mansion for a second time.

The couple first listed the five-bedroom, four-bathroom home in March last year with a price guide of $50 million. It is now back on the market with a reduced guide of $44.5 million.

The Barlows bought the three-level property at the end of a harbourside cul-de-sac for $39 million in 2023 from telco tycoon Canning Fok, and his wife, Eliza, records show.

Set on 885 square metres with 30 metres of frontage, the residence features a massage room, bar kitchen and outdoor pool with gun barrel views of the Sydney Harbour Bridge.

There are DA-approved plans by architect Brian Meyerson including a reimagined kitchen and expanded living and dining zones.

Scott is the founder and managing director of property developer Strada and Alina founded jewellery brand Alinka. She is the daughter of Russian businessman David Traktovenko who used to own Sydney FC.

Vaucluse’s house price record of $65,250,000 was set in 2017, when hotel mogul Jerry Schwartz and his wife Debbie purchased a six-bedroom, six-bathroom home from Singaporean tycoon Chio Kiat Ow.

Monika Tu, Jad Khattar and Maylin Liu of Black Diamondz Property Concierge are accepting expressions of interest until June 4 for the Barlow home, in conjunction with Pillinger’s Brad Pillinger.

‘Daigou Queen’ lists mansion

Livia Wang, who earned the title of “Daigou Queen” for selling Australian brands to Chinese markets, and her businessman husband, Sean Yao, are downsizing from their Mosman mansion, listing it with a price guide of $10 million to $11 million, local sources have revealed.

Wang rescued Napoleon Perdis cosmetics from administration in 2019 alongside former Witchery executive, Henry Lee, and is also known as a wellness entrepreneur, having founded Theronomics, a supplement that is reported to help with gut health.

Wang and Yao bought the five-bedroom, three-bathroom, Alex Popov-designed home with pool for $7.55 million in December 2019 from businessman Christopher Neville, records show, and made some renovations including a new kitchen. Neville bought it for $6.5 million in 2017 from advertising legend Reg Bryson, who commissioned the designer digs.

The three-level residence features polished concrete floors, a dramatic entry staircase and bifold doors. Multiple balconies offer views over Sirius Cove and Sydney Harbour.

Wang told this masthead in 2019 that she was keen to move from being a “Daigou Queen” to “Brand Queen”. She spent years advising and marketing to Chinese personal shoppers known as daigou. They shop in Australian stores on behalf of clients in China.

“We believe this is a trend as consumers need to rely on someone they can trust,” she said at the time. “This is not a phenomenon. It is consumers to consumers talking.”

Alon Beran and Andrew Drury of Sydney Sotheby’s International Realty are accepting expressions of interest for the Mosman home, but declined to comment on any aspect of the listing when contacted by this masthead.