• e-mail

The South African billionaire owner of chicken chain Nando's, Richard Enthoven, has sold his luxury waterfront home in the affluent Sydney suburb of Point Piper for a staggering $21.8million.

The stunning property, which boasts its own boat shed, cinema and lift access to all four levels, has been sold by the popular chicken restaurant chain's boss after almost four years of ownership.

The state-of-the-art five-bedroom, five-bathroom home boasts a wall-to-wall glass exterior and its own elevator access hidden behind an unassuming but heavily secured street entrance.

Nando's South African billionaire owner Richard Enthoven has sold his luxury waterfront home in the affluent Sydney suburb of Point Piper for $21.8million

It is unclear who splashed out the massive sum on the Wunulla Road pad, but realestate.com.au reports one buyer offered $22.5million but saw it turned down.

The detached home's views of the city's eastern harbour also has an open-plan design connecting the dining rooms to a family-sized central kitchen.

Estate agents Ray White Double Bay made the sale, and proudly boast on their website that the bay-front location is a 'world-class architectural masterpiece'.

'This family home is made for resort style living, boating enthusiasts and low maintenance indoor/outdoor entertaining all year round,' the listing reads.

As well as having its own boat shed and ramp jutting out into the picturesque Rose Bay, the property also has a jetty for whenever the owner wants to take a trip out into the iconic harbour.

Mr Enthoven (pictured with wife Karen), who is also the CEO of the Hollard Group of insurance companies, has a long business history in Australia after moving to the New South Wales capital in 1999

The stunning property has been sold discreetly by the popular chicken restaurant chain's boss for a profit after he paid $18million for it in 2015

Coming complete with its own boat shed, cinema and lift access to all of its four levels, the five-bedroom, five-bathroom property is one of only five to bring in more than $20million this year

The sale could give a noticeable boost to Sydney's high-end property market, which is in the midst of a slump.

Last year, all of the top 20 sales in the city were in the $20million-or-above range, but this year there are only five to have brought in that amount on the list domain.com.au reports.

Mr Enthoven, who is also the CEO of the Hollard Group of insurance companies, has a long business history in Australia after moving to the New South Wales capital in 1999.

He then established Holland Insurance of Australia and was appointed as the director of the Insurance Council of Australia in 2013.

The casual dining mogul, who also owns Spier Wine Farm, had a net worth estimated to be in excess of $US1billion in 2015 according to Bloomberg.

The unknown buyer will have almost complete anonymity in the state-of-the-art property as it has an unassuming presence at street level and a private formal entrance