Car dealer Phil McCarroll pays $6 million for Palm Beach property
Car dealer Phil McCarroll has spent $6 million in Palm Beach to buy the weekender of investment banker Paul Espie and his wife Roslyn.
Craboon, the 1920s stone cottage with Howard Tanner extension, was first listed in 2015 with $6.5 million plus hopes.
The weekender sits on the Pacific Road dress circle which triggered his naming his advisory company, Pacific Road Capital.
The Tanner designed family pavilion with three bedrooms is linked by a covered walkway to the renovated sandstone cottage that has a master suite and a study.
The Darling Point based couple are spending more time in the Hunter where they bought a grazing property in Dungog in 2012.
McCarroll owns at nearby Duffys Forest where he bought his acreage in 2009 for $5.1 million.
The Espies listed their weekender through LJ Hooker’s David Edwards and David Mackay.