Tom Misner secures Byron Bay $8 million small acreage record sale
The pioneer music engineering entrepreneur Tom Misner has secured around $8 million for his luxury five hectare Byron Bay Property.
The NSW far north coast hinterland property with five bedroom house sold last week, apparently to a Melbourne couple.
The 5.6 hectare property known as The Byronian is at Coopers Shoot with elevated views of the ocean, the entire stretch of Tallows Beach and the Byron Bay lighthouse.
The property comes with stands of rainforest, manicured lawns, gardens, gardens, a citrus orchard; four horse paddocks, stables and riding arena, floodlit tennis court and an ionized wet-edge pool.
There is a separate guest studio with ensuite, living area and kitchenette beside the six car insulated garage.
It is listed as sold through Nicolette van Wijngaarden at Unique Estates.
It is being credited as a Byron Bay hinterland record for a small acreage, exceeding the $7.7 million paid in 2008 for a 40 hectare Possum Creek holding, Bandongrove sold by the developer builder, Andrew More of Unico Developments through Unique Estates.
In 2010 Alasdair Morrison, a former chairman of Morgan Stanley Asia now with Citigroup, paid $7 million for the Emerald Valley Villa, the resort-style Goonengerry estate sold by the founder of the carbon-offset company Climate Friendly, Michael Robison. The 34 hectare property, with frontage on the Wilson River, comes with an ancient aquifer that supplies it with spring water.
Amelika sold in 2011 for $4 million, setting a strong price for small acreages. The purchase by the Lane family of Amelika, the hinterland property with contemporary house designed by architect Sharon Fraser in the white-box architectural style, was a 10-hectare holding.
Last year Warren Sonin and and Gavin Atkins, stars of the first series of Channel 9 reality TV show The Block, secured around $3 million for Charltons, their 24 hectare holding at Federal, which settled last week to Jess and Brad Garnham.
A $4.1 million price was paid in 2011 for a 30 hectare Myocom property.
The Misner Coopers Shoot Road property last traded at $2.2 million in 2003.
The Byron Shire record remains on the beach at Wategos Beach, but the hinterland top sale was when Colliers International Wollongong agent Simon Kersten sold the vast 132-hectare Cedar Springs at $8.1 million in 2006, which was subsequently broken up into several lots. The main house resold on 45 hectares at $6.8 million.
It was developer Danny Goldberg's record-breaking $15.7 million purchase of a Marine Parade beachfront in January 2006 that set the high end of the Byron market.
Last featured in the 2007 BRW Rich List with a worth of $289 million, Misner established the SAE (School of Audio Engineering) Technology College, Surry Hills in 1976 gong on to be be the largest audio and multimedia training facility in the world with 26 SAE colleges in 13 countries by the late 1980s.
In 2010 Navitas, the listed education provider founded by Rich 200 member Rod Jones, paid $289 million to buy 47 campuses across 14 countries.
SAE Group was founded in 1976 by former Rich 200 member Tom Misner, who departed the rich list in 2007 with a fortune of $289 million.
