Karingal the Lane Cove North home of ex-Treasury head John Stone sold for a record $5.26m

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Karingal, the Lane Cove North home of John Stone, the 1980s head of Treasury, has been sold for a record $5.26m.

The early Federation Fitzsimmons Ave homestead was listed through Harris Partners agent Peter O’Malley following Stone’s death, aged 96, last year, two years after the death of his wife of 69 years, Nancy.

The five bedroom, three bathroom abode sits on 2297sq m.

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Karingal, the Lane Cove North home of John Stone, the early 1980s head of Treasury, just sold for around $5.25m.

“Karingal, this gracious Early Federation residence, originally a rural homestead and built for the Australian climate, captures the enduring charm of classic Sydney homes with its original features and generous proportions,” the listing for the home read.

“Set on a substantial block with beautiful gardens, the home offers exceptional privacy and space throughout its expansive interiors.

“The five large bedrooms feature high ceilings that enhance the sense of volume and calm.

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The home sits on 2,300 sqm.

“Separate lounge, dining and sitting rooms create versatile zones for relaxed everyday living and entertaining, while the spacious kitchen forms the heart of the home within a large, room-sized informal family/breakfast area perfect for daily family life.

John Stone, head of Treasury (1979-1984) and National Party senator (1987-1990).

“A north-facing wrap-around balcony invites sunshine and leafy outlooks, seamlessly connecting indoor spaces with the outdoors.

“Practical family living is enhanced by an internal laundry that cleverly doubles as a third bathroom, while an internally accessible double garage provides secure parking and convenient direct access through to the backyard.”