A mansion in the famous setting for Australian soap series Home and Away has sold for more than $12million, making it the highest Palm Beach sale in two years.
Known as the Karala residence, the exuberant palace was bought by Silvana Marshal of Sydney’s affluent harbourside suburb Mosman – the wife of lawyer Richard Marshall, the former head of legal for mining giant Glencore Xstrata.
The distinguished 1700 sq m property, which overlooks the $24million Packer family compound, was sold by hedge fund manager Adrian Vanderspuy and his wife Vanessa, owners of the Oldenburg Vineyard in South Africa, Domain reports.
Palm Beach trophy house, Karala, has been sold for $12 million – the highest suburb sale in two years
The exuberant palace was bought by Silvana Marshal of Sydney’s most affluent harbourside suburbs, Mosman
She’s the wife of lawyer Richard Marshall, the former head of legal for mining giant Glencore Xstrata
The distinguished 1700 sq m property overlooks the $24 million Packer family compound
Karala has long been one of Palm Beach’s most expensive holiday rentals, having hosted international supermodel Elle Macpherson in the past and being rented out for no less than $25,000 a week in peek periods.
There is a minimum stay of seven nights, with it $3,785 per night in peak, and $2,357 off-peak.
Set on 83 Pacific Road, the 1887-built home boasts seven grand bedrooms, five bathrooms, and a pool with undisturbed views of Palm Beach’s iconic coastline.
The immaculate ‘blue-ribbon’ property was listed this year by David Edwards, of LJ Hooker Palm Beach, with the Vanderspuys rarely returning to Sydney to use it.
Its lavish features extend to its expensive marble and recycled timber floors, extensive sandstone terraces, copper roof, French doors and integrated sound system.
There is also a separate two bedroom free-standing residence for a groundskeeper or nanny.
It was sold by hedge fund manager Adrian Vanderspuy and his wife Vanessa, owners of the Oldenburg Vineyard in South Africa
Karala has long been one of Palm Beach’s most expensive holiday rentals, having hosted international supermodel Elle Macpherson in the past
The home is rented out for no less than $25,000 a week in peek periods, and $3,785 per night
The Marshalls recently put their waterfront Mosman waterfront home in Beauty Point up for sale, but its not known whether they will move into Karala with it currently still listed in the holiday rental market.
The extravagant estate is designed cross two levels, with the master suite and guest master suite – both with en suite and private terraces – as well as two double bedrooms which share a fourth bathroom, on the first floor.
The upper level boasts a massive central lounge with an open fireplace, formal dining room, media room, kitchen, and formal dining room, along with a sandstone terrace featuring a covered loggia overlooking the sensational pool and pool terrace.
Set on 83 Pacific Road, the 1887-built home boasts seven grand bedrooms, five bathrooms, and a pool with undisturbed views of Palm Beach’s iconic coastline
The immaculate ‘blue-ribbon’ property was listed this year by David Edwards, of LJ Hooker Palm Beach, with the Vanderspuys rarely returning to Sydney to use it
Its lavish features extend to its expensive marble and recycled timber floors, extensive sandstone terraces, copper roof, French doors and integrated sound system
The Marshalls recently put their waterfront Mosman waterfront home in Beauty Point up for sale, but its not known whether they will move into Karala