499 Bronte Rd, Bronte, has extraordinary ocean views.
A fund manager’s ‘beachside paradise’ has a $25m guide but locals suspect the final price could even exceed the suburb’s house price record.
MHC Finance’s Andrew Palmer and his wife, Sue, have the five-bedroom Corben Architects residence with 50m frontage at 499 Bronte Rd, Bronte listed with Pillinger’s Simon Exleton in conjunction with PPD Real Estate’s Alexander Phillips.
It’s set for a May 31 auction so given the unobstructed north-easterly ocean views some in the neighbourhood wonder if it could even exceed the record $29m of two years ago, when 3 Tipper Ave sold to AirTree co-founder Craig Blair and his wife, Melanie Caffrey.
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The three-level abode comes with a swimming pool.
The vendors commissioned Corben Architects to design the stunning five-bedroom home.
The Palmers built their impressive home, one of the closest freestanding residences to the sand, from the ground up in 2011.
They’d bought the original three-bedroom cottage on the 512sqm block for $4.75m in 2003 and commissioned the new three-level abode with swimming pool.
The house next door, a knockdown on a smaller 462sqm block bought by billionaire Will Vicars for $18.75m in 2022, pales in comparison though council records reveal approval for a new house.
Locals suspect the home could sell for more than the suburb’s $29m record.
The house is one of the closest freestanding residences to the sand.
Chemist Warehouse’s Tony Basselly just bought 12 Bronte Marine Drive for $25m.
But Bronte Rd is clearly the place where the big money wants to be, with, up the hill, Seamus Dawes, chairman of financial services company Pepper Group, paying $12.3m for No.18 in 2006, only to purchase the house next door in 2012 for $16.5m.
He knocked the house down and No.16 is now the site of his swimming pool.
Who knows what that double block would now be worth? $40m?
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