Palm Seashore trophy dwelling consumers are on discover: one among solely 4 grand estates alongside the surf membership on Ocean Highway has been quietly listed on the market, sparking hypothesis amongst these within the know that its sale consequence might hit $40 million.
When it final traded 20 years in the past as a patch of dust for a report $6.3 million, veteran property builders Bob and Margaret Rose have been welcomed to the seashore’s entrance row as a result of their buy marked an finish to a protracted four-year battle between locals and the property’s former house owners.
Bellona is the Palm Seashore vacation dwelling constructed by Bob and Margaret Rose in 2003.Credit score:
The Forsyth household, of Dymocks bookstore fame, had owned the property since 1918 and constructed a Californian bungalow referred to as Willeroon in 1923, however by 1997 the household wished to demolish the unique home to switch it with a bigger, intergenerational mansion with garaging for eight automobiles.
The late TV boss and next-door neighbour Sam Chisholm was having none of it, and as an alternative spearheaded a marketing campaign to avoid wasting the home on the grounds that the low-built properties set again on the embankment have been a singular a part of the suburb’s heritage.
Regardless of the backing of fellow neighbour Kerry Packer, and the Nationwide Belief urging the council to refuse the DA, it was demolished in 2001.
Margaret Rose, AM, lately bought an Elizabeth Bay penthouse that was for many years the non-public retreat of the late Kerry Packer.
However the Forsyths opted out of constructing their household mansion, and as an alternative put it to public sale the next 12 months.
Margaret Rose’s imaginative and prescient for her new home clearly aligned with Chisholm’s given it’s set nicely again from the road, and was accomplished in 2003 to a design by architect Drew Barnyak.
The Hamptons-style residence with visitor retreat stands alongside the neighbouring vacation properties of the Packers, Laurie Sutton’s Kalua property and the Chisholm household’s Melaleuca, which was bought to Caledonia’s Mike Messara in 2020 for $24 million.