PHOTO: The home of Daniel and Katie Adamo is the first sale of 2020 to crack the $20 million-plus trophy level. Photo: Supplied

Sydney’s trophy home market racked up its first big-ticket deal of 2020 on Saturday thanks to the sale of the palatial Mosman mansion of prominent dentist Daniel Adamo and his wife, former recruitment boss Katie.

High-end listings in Sydney’s largest prestige suburb have been scarce since the bull run of 2018, forcing buyers to dig deep to secure the few offerings for sale.

The couple listed the four-level residence a year ago with a guide of $23 million and Michael Coombs of LJ Avnu said last week he was in negotiations with three parties, all with offers of more than $20 million.

28 Ruby Street Mosman NSW
The four-level residence has six-bedroom, a gymnasium, guest suite, lift and games room.