Norma House, the classic Palm Beach sandstone house, sells
{yoogallery src=[images/stories/2012/07/july6norma1]}
Norma House, one of the first sandstone homes on Sydney’s Palm Beach peninsula, has sold for a reputed $2.75 million.
It has been modernised but still retains its classic Palm Beach style.
It’s a popular holiday rental ensuring substantial rental returns all year round. Its Christmas peak season rental is $9,000 weekly.
It sold through Peter Robinson at LJ Hooker Palm Beach who'd listed it with $3 million-plus hopes.
The Norma Road house last sold in 2006 to Hong Kong-based futures trader Rob Goldsmith and his diamond-dealer wife, Jane, for $2,525,000.
Title Tattle recalls that Janne and Rob weren’t really in the market for a house when visiting the northern beaches in December 2006.
But before flying back they drove past the property and decided to take a look inside despite it being in terrible shape, with rotting water-damaged walls, rusted pipes coming through walls, a crumbling roof and major Hawkesbury sandstone foundation issues.
With the 180-degree water views along with sandy beaches, they made a same-day offer, and signed the contract that day.
Builder/manager James Davidson of Jaylo Property oversaw the project, according to writer Katy Scott in a feature by Country Homes Ideas magazine.
