Daniel Johns, the former Silverchair frontman, pulled his four-bedroom, two-bathroom Merewether investment from its scheduled midweek auction.
It was initially listed in February with $3 million hopes.
Presence Real Estate agent Chasse Ede had a revised $2.6 million guide.
MORE: Troubled OnlyFans star’s $12m family mansion for sale
Johns had just celebrated his 17th birthday when he bought the Ranclaud St property for $360,000 in 1996.
According to the listing for the Ranclaud St home, it has been rescheduled for auction this Saturday.
“Brilliantly located a barefoot 250m stroll to Merewether Beach, this four bedroom home radiates appeal,” the listing reads.
MORE: Putin’s $2.1bn ‘kleptocrat’ mansion exposed
LATEST in property prices from PropTrack
“With spacious interiors flowing seamlessly from front to back, you’ll find yourself spoiled for choice with multiple living areas to kick back and relax in. A large attic space is perfect for whatever your heart desires – a home office, kids’ games’ room or hobby space.
“With four family-sized bedrooms, including a master with its own walk-in robe and ensuite, there’s no shortage of space for everyone to claim their own slice of this home. With a double lock-up garage, ample driveway parking, and a fully fenced rear yard, you’ll have plenty of room for all your toys and tools.
“More than comfortable for today, this home presents itself as an ideal blank canvas, offering endless possibilities for renovation or rebuild befitting its prized beachside location (STCA).”