The buyers of the waterfront at 7 Wunulla Rd, Point Piper, have been revealed.

Bazem property developer Barry Nesbitt has been revealed as the mystery $21.8 million buyer of the Point Piper waterfront of Nando billionaire Richard Enthoven.

The identity of the couple who snaffled the five-bedroom, five-bathroom home at 7 Wunulla Rd has been a closely guarded secret by all agents involved in the hushed-up deal for more than a month.

But the Wentworth Courier’s sources say it’s indeed Mr Nesbitt and his wife, Emma, who were known to be scouring the eastern suburbs for a larger home.

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Barry Nesbitt selling in Bellevue Hill

Buy a Vaucluse icon

The view from 7 Wunulla Rd, Point Piper (above) and the stylish interiors (below).

They’ve recently listed their five-bedroom home with pool on a 1366 sqm block at 69 Bulkara Rd, Bellevue Hill with Ray White Double Bay principal Elliott Placks.

It’s set to have a $10 million guide at a forthcoming auction.

Their new home — which Mr Enthoven, who is also the founder and chief executive of the Hollard Insurance Company and chairman of the Insurance Council of Australia, bought with his wife, Karen, for $18 million in 2015 — is on a smaller 810 sqm block but comes with a 19m absolute waterfrontage.

Richard and Karen Enthoven (above, picture: Christian Gilles) and the waterfront facilities at 7 Wunulla Rd, Point Piper.

There’s also a private jetty, boatshed and pool.

The sale was negotiated by Peter Leipnik of BadgerFox, who has been equally and frustratingly tongue-tied about the purchaser as Mr Placks.

Mr Nesbitt and his company Bazem have been targeting downsizers with house and land packages on the upper north shore.