The Balgowlah Heights beachside neighbourhood has long lured more than its fair share of corporate Australia's heavyweights, with the high-end sales to show for it.

And this weekend sees the launch of one of the suburb's best homes to the market with a $10 million asking price on behalf of Macquarie Bank's senior executive Michael Cook and his wife Barbara.

The couple paid $8 million for the Forty Baskets Beach property in late 2013 from Manly businessman Ian Miller and his wife Jennifer, setting a suburb record at the time. That record was toppled, however, the following year when Caltex chief Julian Segal topped that when he purchased a few doors away for $8.5 million.

Since then the Cooks have undertaken an extensive renovation, making more of the lower levels and adding high-end finishes throughout.

Amid downsizing plans locally, the couple have listed the six-bedroom residence with a swimming pool with Michael Clarke and Cherie Humel, of Clarke & Humel Property, who are taking expressions of interest.

At that price level the most recent comparable sale locally is the $11 million paid last year for the Belgiorno-Nettis family's long-held modernist home in Clontarf that was bought by Madina Tao and Mongkol Phara, of Cambodia's ruling families.

In Seaforth, a contemporary mansion on a double block sold for $10 million in late 2015 to Chinese businessman Zhengxing Wang.

Michael Cook's Balgowlah Heights beachfront home.

The couple paid $8 million for the Forty Baskets Beach property in late 2013 from Manly businessman Ian Miller and his wife Jennifer, setting a suburb record at the time.

The Cooks have listed the six-bedroom residence with a swimming pool with Michael Clarke and Cherie Humel, of Clarke & Humel Property.