The property is being marketed by Ray White Paddington sales agent Michael Kleimeyer with a price guide between high $3 millions to low $4 millions.
Originally a small 1980s timber cottage on a generous, elevated site, the couple transformed the property into a high-end, resort-style haven.
For the Ullrichs, the sale marks the final chapter of a whirlwind few years.
In 2024, while putting the finishing touches on the Paddington rebuild, they traveled to Paris to watch their youngest son win an Olympic silver medal for New Zealand in the men’s four rowing.
Simultaneously, they navigated a major lifestyle shift, purchasing a six-bedroom lodge in Oban on Stewart Island (Stewart Island Lodge), New Zealand’s ruggedly beautiful third island.
After a successful stint managing both worlds - including six months operating the lodge while Cindy maintained her 17-year tenure as publicity manager for Queensland Performing Arts Centre (QPAC) - the couple have officially committed to their island lifestyle, leaving their inner-city oasis.
“We have most loved the serenity of this home,” Ms Ullrich said.
“We are right in Paddington just a few kilometers from the CBD, but it feels like we are in a little exclusive country pocket where you are surrounded by trees, enjoy the sounds of bird song, and a sense of space with separation from other properties compared to most other parts of Paddington.”