Peter Stutchbury designed Newport trophy home sold
The yoga devotee Eriko Kinoshita has sold her beachfront home in Newport for about $8 million.
The retreat had $11 million plus hopes on its initial listing last October, which were revised to $10.8 million expectations a year into its marketing.
The three bedroom Myola Road home - a fusion of timber, copper, bronze, steel and concrete surrounded by Japanese-style gardens - was designed by the local architect Peter Stutchbury about a decade ago.
The 1150 sq m block cost $750,000 in 1992. Kinoshita co-founded Yoga Aid International with husband Clive Mayhew.
It was marketed as a residence of zen-like simplicity and serenity.
This article was first published in the Saturday Daily Telegraph.