Oroton fashion empire heir Tom Lane, and his wife, Emma, have sold their luxury equine estate in the Byron Bay hinterland in a deal believed to be around $30m.
The couple bought the 19ha property in Bangalow for $3m in 2021 and built the current home known as ‘Copperstone’ in the style of an Argentinian horse ranch.
‘Copperstone’ was listed with a $35m price guide with Kim Jones & Co, but local sources say it sold for less than $30m, which still sets a new suburb record for Bangalow.
Copperstone, Bangalow, is understood to have sold for about $30m.
The kitchen inside Copperstone, Bangalow.
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Speaking to News Corp at the time of listing the property, Mr Lane said the couple had a “business model” of buying properties, redeveloping them, living in them for a while and reselling them.
These include The Farm at Ewingsdale, which sold for about $16m in 2020, and The Range at Coopers Shoot, which sold for a North Coast record of $37m in 2023.
Emma and Tom Lane.
Emma Lane at ‘Copperstone’ in Bangalow.
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Nestled in a picturesque country landscape, ‘Copperstone’ is the latest addition to the Lanes’ portfolio of luxury accommodation known as The Range Estates.
Luxuries include a wellness centre with sauna, steam room and ice bath, a tennis court and a pool house for the 25-metre mineral pool.
Copperstone in Bangalow is a sight to behold at twilight.
The pool overlooks the horse yards at Copperstone.
It also features an impressive dressage arena with a cross-country course and stables for horse enthusiasts.
“We’ve turned the dial up on materials, it’s also flatter land so it’s a more usable space; it’s set-up as an equine property so there’s a beautiful set of stables and there’s 2.5km of post-and-rail fence,” Mr Lane said.
Copperstone was designed in the style of an Argentinian equine ranch.
Inside Copperstone.
“You’re basically overlooking your own parkland. It’s very private but still very close to town — a little oasis!”
The previous record sale price for a residential property in Bangalow was $15m for a nine bedroom property on 12ha at 84 Fowlers Lane, which sold late last year.
Additional reporting by Stephen Nicholls.
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