We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later.
Add articles to your saved list and come back to them any time.
Redback Boots boss Mark Cloros has listed his lavishly renovated Palm Beach house with a cool $20 million price guide after he took a two-year sabbatical to carefully rebuild it.
The stunning four-bedroom, three-bathroom waterfront house has been sensitively remastered by Cloros, paying homage to its 1940s heritage and Sydney in its form and materials, from Hawkesbury sandstone to original kiln-dried blue gum from the St Ives timber mill.
The home was carefully rebuilt, paying homage to its heritage.Credit:
Set on a 563-square-metre block, the resort-style home has a front-row seat on Pittwater’s dress circle. It is befitting as it is the land of the rich and famous, where neighbours include tech billionaire Mike Cannon-Brookes and the Laundys, of the hotel group. Even Crown Prince Frederik of Denmark and his Australian wife Princess Mary have been seen on the peninsula.
Cloros, who bought the Snapperman Beach house from furniture king Anthony Scali for $11 million in 2021, said the time had come to hang up his boots on his time on the northern beaches.
“I took a sabbatical for two years to build this. I really enjoyed the project. But I’ve had a couple of grandkids, and my mum passed away. I’m not going to spend as much time here as I wanted,” Cloros said.
“I don’t need to sell it, but I’m going to bugger off, buy a sailing boat, and sail the Mediterranean. I want to spend my time in Kastellorizo, a Greek island, which I’ve never been to and that’s where I’m from.”
With long-running ties to the area, Cloros was amazed at its transformation from a handful of roads 40 years ago to multimillionaires’ row today: “This is like Nantucket. This is the best street in Australia … but I need to move on.”
The four-bedroom house has views of Pittwater and Ku-Ring-Gai Chase National Park.Credit:
The home is being sold through Noel Nicholson of Ray White Prestige, who said the expressions of interest campaign has already drawn interest from all over the world, from Singapore to New York City.
There will be strong competition no doubt as there has been a flurry of real estate activity in the area. Ian Malouf, Australia’s richest garbo thanks to his successful sale of Dial A Dump to Bingo Industries, quietly shored up an impressive Palm Beach portfolio worth almost $80 million by the end of last year.
Other locals selling in the suburb include Anne Toohey, wife of the late publican John Toohey, not of the Toohey empire, but a publican and wine merchant in his own right. His wife is downsizing from La Palma, a Susan Rothwell-designed home with Frank Grill interiors, within the neighbourhood.
Redback Boot Company boss Mark Cloros is offloading his Palm Beach house.Credit: Louise Kennerley
Perched atop 1420 square metres, the opulent home has extraordinary panoramic views of Palm Beach, Barrenjoey Headland and Lion Island. The home is being sold through Peter Starr of Belle Property Double Bay with a price guide of $15 million.
The Tooheys bought their place for $4.68 million in 2002, records show, after they sold their waterfront estate Finisterre on Stokes Point to Bob Oatley for $20 million.
In neighbouring Whale Beach, highly regarded trader Zorin Finkelsen, from one of the world’s top hedge funds Point72, has listed his stunning house through BJ Edwards of LJ Hooker Palm Beach with a guide of $13 million.
The four-bedroom, four-bathroom house across three levels has extraordinary 180-degree vistas from the Central Coast to Pittwater to Palm Beach. The kitchen is state of the art, with Gaggenau appliances and an integrated Sub-Zero fridge. Each of the bathrooms is fitted with imported Boffi fixtures and marble vanities.
The Susan Rothwell-design home overlooks Palm Beach.Credit:
Finkelsen bought the property for $4.3 million in 2008, records show.
In Bondi Beach, tech investor Tony Davis and his wife Sandra, who traded within the same apartment block, have successfully sold their old digs in an off-market deal for $8.35 million.
It was sold through Steven Chen and Edward Reid of The Agency Eastern Suburbs. They declined to comment.
Davis and his wife emerged as the $10.36 million buyers of the Bondi Beach apartment of the late art collector and trophy home trader John Schaeffer.
In nearby Whale Beach, Zorin Finkelsen, of Point72 has also listed his home which has panoramic views too.Credit:
Davis is the former chair and a founding director of Australia’s oldest and largest data science group Quantium, for which Woolworths coughed up $223 million for a majority stake two years ago.
A never-lived-in penthouse at the foot of Sydney Harbour Bridge has hit the market with a guide of $14.5 million.
In the Aqualuna development, the property owned by corporate entity Zone Q Milsons Point Development, has house-like proportions with five bedrooms, four bathrooms and four car spaces across its 388-square-metre floor plan.
The Aqualuna penthouse has never been lived in.Credit:
The home, which is less than four years old, was reserved for the daughter of the developer to live in. It seems it was never needed.
It is being sold through Stephen Ivanusa and Stephanie Wong of Plus Agency. Both declined to comment.
Lucy Macken is on leave.
Copyright © 2023