Murdered millionaire Craig Puddy's Mona Vale waterfront house sells at loss
The former Mona Vale home of the murdered millionaire Craig Puddy has been sold.
The Mona Vale property was listed last December with $3 million plus hopes, but did not sell. It was relisted recently with a $2.5 million plus price guidance through McGrath Estate Agents and sold last Friday.
No sale price has been given by the selling agent Adrian Hybner, but Property Observer gathers around $2.5 million was secured.
Craig Puddy went missing in May 2010, the day that his family found a pool of blood in the kitchen of his Mount Pleasant, Perth mansion where removalists had been due to relocate Puddy's belongings to Sydney.
At the time his home in riverside Perth was on the market for $3.2 million.
Puddy and his girlfriend had been set to renovate his $2.85 million Rednal Avenue, Mona Vale waterfront house on Sydney's Pittwater which was bought without any mortgage finance. It was exchanged in February 2010 and settlement of the purchase took place in April 2010.
The Mona Vale neighbours knew of their new neighbours as Puddy had already parked his Mustang in the driveway.
His other Mustang, a 46-foot cruiser, was yet to be moored on his jetty.
"A gentleman to deal with," the LJ Hooker selling agent, Claudio Marcolongo, told the local paper after his disappearance.
His colleague Cameron Mansell, who was convicted by a jury over Puddy's death in November 2011, had been a financial planner, although the Australian Securities and Investments Commission barred him from working as a securities dealer following his promotion of a blue gum plantation.
Police never found the body and only one of the two wheelie bins that went missing from the Mount Pleasant house, but Cameron Mansell was found guilty of his murder in late 2011.
Lawrence Puddy, Craig's father was the executor of the estate, but the family was unable to sell the homes until he was legally considered dead.
The property were able to be sold after a Supreme Court judge acknowledged Mr Puddy's death for the purposes of probate law.
Craig Puddy's Mount Pleasant house had been purchased for $2.05 million in 2006.
The three-storey Mount Pleasant mansion with five bedrooms and four bathrooms was sold late 2012 for $2.4 million.
