Trophy Sale

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James Kennedy, the chairman of the retailer Kennedy Luxury Group, has been able to secure the $4.5 million East Melbourne apartment he and his wife, Jaimee Belle Kennedy, have occupied for the past two years.

It was only after he'd lodged two caveats on the title of the plush 150 Clarendon Street apartment claiming there was a January 2018 purchasers' contract.

It had last traded when bought by Richard Gu's AXF Group in 2011 for $4 million.

The home, located at 505/150 Clarendon Street, was tied up in the AXF Group liquidation saga as the property was an asset of Gu’s trust.

As a result, Kirsch Sutherland's Malcolm Howell, who recently lost his job as liquidator of the broker, was appointed receiver to complete the sale to the Kennedy’s.

Kennedy had to undertake action in the Supreme Court against Gu and Howell to finalise the purchase of the Clarendon Street home.

<img alt="" src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2010.29.45%20am.png">

The luxurious two-bedroom, two-bathroom apartment offered expansive views over the Fitzroy Gardens and beyond.

Its features included a European kitchen, dignified living and a large terrace.

<img alt="" src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2010.17.16%20am.png">

The Kennedy's had spent some $400,000 on renovations whilst occupying the home since their 2018 wedding.

Featured in Vogue, the wedding took place in Florence and showed off Jaimee’s three-day Italian wedding set and her Ralph &amp; Russo gown.

Jaimee, who has been consistently referred to as one of Australia’s most stylish women, works as creative director for her husband’s jewellery business.

<h2>VIC properties selling now:</h2>

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[smartcode_project:default project_id=27321]

[smartcode_project:default project_id=5559]
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James Kennedy secures Clarendon Street, East Melbourne apartment

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The Surfers Paradise home of the entrepreneurial, former Rolls-Royce car dealer David Baird and his wife, Marion is under contract with the sale through Ray White agents Sam Guo and Julia Kuo.

It is the <a href="https://www.realestate.com.au/property-house-qld-surfers+paradise-122694978" target="_blank">trophy home, Summer House</a>, which is credit as the Gold Coast's biggest residence.

They're looking at downsizing from the six bedroom, six bathroom behemoth on 2318 sqm on Cronin Island.

The mansion has three kitchens, a gymnasium, numerous spas and saunas, a 25 metre, four-lane lap pool and a 10 car basement garage.

Designed by Main Beach architects Mobb Thompson and Payne, the home was built 26 years ago for the president of Daikyo Shoji Yokoyama - the Japanese company behind the QT.

It was bought by video game designer Masafumi Miyamoto for $6,553,136 in 1997 - a Gold Coast record which stood for eight years.

He sold it to the Bairds for $8 million in 2004 despite having $13 million hopes.

The home featured in the film Crocodile Dundee, which cost the creators $35,000 in the 1990s to use the home for 10 days of filming.

It was also rented by Hollywood stars Sarah Michelle Gellar and Freddie Prinze Jr when they were making Scooby-doo.

They will move to their weekender, a five bedroom contemporary home on the Isle of Capri that they bought for $6.35 million in 2012.

David was the Australian head of US company Textron.

The Gold Coast Bulletin report the price was $11 million when bought by Celine Guan, wife of Junxiong Yang, owner of the Links Golf Course at Hope Island Resort.

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It was the third highest sale on the Coast this year behind 159 Hedges Avenue which sold for $13.25 million and the $11 million sale of 107 Albatross Avenue. 

<h2>Other developments for sale on the Gold Coast</h2>

Shoreline, Surfers Paradise

[smartcode_project:default project_id=22057]

Shoreline is the latest Surfers Paradise tower to be created by Marquee Development Partners.

The boutique 27 apartment development across 17 levels offers residents a luxury unseen in the between Surfers Paradise and Broadbeach for a number of years.

Miles Residences, Kirra Beach

[smartcode_project:default project_id=27575]

The Miles Residences Kirra Point will be one of Kirra Point's most impressive towers when it's completed in 2023.

The development of 118 apartments is part of the redevelopment of the Kirra Beach Hotel. The brains behind the operation is the family-ran KTQ Group, led by Peggy Flannery, who are behind the award-winning Elements of Byron Bay.
</div>

 

 
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Summer House, Surfers Paradise sale

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A three level five-bedroom mansion in Point Piper has been confirmed as sold at $6.45 million.
The sale at 2 Wunulla Road had been previously reported by Fairfax Media as "sold for about $8 million." 
The property was marketed as exuding European elegance.
Records show Cobra Equity Investments, a company linked to the diversified group, Cobra Group founded by the Canadian-born, London based Chris Niarchos sold the home at a closed auction. The main shareholder in the company is Michael Hogg, a director in Cobra's subsidiary, the marketing company Appco based in Surry Hills. 
The property last sold in 2006 for $5.1 million. 
The Agency's Michelle Andrewartha and Daniel Baran had the listing.
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Point Piper price was $6.45 million

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Pharmacists Gary and Mary Smoker have relisted their Mosman trophy home, Ardagh.
It had initial $15 million hopes through Brendan Warner of Raine &amp; Horne Mosman, but is now listed through Richard Harding at LJ Hooker who says there had been only five owners in a rich 110 year history, "truly one of the North Shore's finest family estates."
<a href="https://www.realestate.com.au/property-house-nsw-mosman-119904045" target="_blank">Set on 2700 square metres</a>, the seven-bedroom Federation mansion with pool and tennis court was built in 1905.
In 1922 it was bought by former British trade commissioner John Adamsand his wife Gwynneth who sold it in 1964 to pianist John Champ.
Smoker, a former Mosman alderman, bought the Prince Albert Street property in 1993 for $1.7 million. 
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Ardagh, the Mosman trophy home relisted

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A Gold Coast hinterland acreage residence has been listed for sale with $2.35 million hopes through Ken Jacob at Ray White Tugun.
The <a href="https://www.realestateview.com.au/Real-Estate/720-tomewin-mountain-rd-currumbin-valley/Property-Details-buy-residential-9502232" target="_blank">720 Tomewin Mountain Road</a> property sits on over 4 hectares with views from the Cougalls to the ocean.
The property has six bedrooms, four bathrooms, five car spaces a full-sized tennis court and a self-contained guest quarters.
This property has possibilities as a potential wedding venue, B&amp;B; or as a plant production nursery, which was its original purpose.
Retired engineers Robert Roy and Jean Law have lived there for 30 years. 
The median price for a home in <a href="https://www.urban.com.au/property-observer" target="_blank">Currumbin Valley is $805,750</a>, according to CoreLogic RP Data.
<h2> </h2>
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Gold Coast hinterland acreage hits the market

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Moelis managing director Andrew Martin and his wife Kate secured around $7.5 million for their Darling Point home last weekend through McGrath agent Ben Collier.
The couple paid $825,000 for the freestanding 1900's home and added a heated swimming pool.
The 525 sqm property has five bedrooms and three bathrooms.
The Martins are off to Paddington having paid around $10.5 million for the the converted furniture emporium sold by billionaire tech entreprenuer Mike Cannon-Brookes and wife, Annie late last year. 
Andrew has over 20 years of experience globally including roles at UBS and with Rothschild. 
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Moelis merchant banker Andrew Martin sells Darling Point for Paddo emporium

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The penthouse apartment in BluePoint Property’s Palm Beach luxury development, 77 Jefferson, has sold for $3.8 million.

It marks the sell-out of the luxury Gold Coast development.

The four-bedroom, three-bathroom apartment spans across levels nine and 10 of the building.

Set over 464sqm, the residence offered floor-to-ceiling windows, private rooftop pool, integrated barbeque and sheltered dining for entertaining.

Designed by Bureau Proberts, 77 Jefferson offered 360 degree views of the ocean, hinterlands and Surfers Paradise in their full-floor residences.

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/jefferson.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/jefferson.jpeg?itok=YGSLuYQw" width="580"></a>

All car spaces secure on ground level with no basements required, with other amenities including a communal recreation area with kitchenette, cinema and washroom.

The landscaping was by Bryns Lardner.

The penthouse was the last opportunity to buy in the building with all eight offerings now sold following its construction by Hutchinson Builders.

Olindah Property Group’s James Meredith and Nicole Riley marketed the property which was originally listed with an asking price of $3.995 million.

Prices within the development ranged between $1.29 million and $2.47 million, which saw all the full-floor residences sold within three months of launch.

BluePoint is directed by Marcus Dore, who prior to founding the company with Geordie Whitcombe, held positions with national companies including Walker Corporation, Mirvac and Colliers International.

Whitcombe was previously a development manager for Woolworths Limited, and ran his own development and advisory business.

The group's prior projects include East Palm Beach and Sea Palm Beach.

<h2>Developments nearby</h2>

<h2>Palm Beach Residences</h2>

<a href="https://www.urban.com.au/new-apartments/palm-beach-residences-10-12-brooke-avenue-palm-beach">The Palm Beach Residences</a>, designed by the award-winning BDA Architecture, are selling two and three bedroom apartments starting from $554,000.

Slated for completion in 2022, Palm Beach Residences, located between Burleigh Heads and the captivating Currumbin Point, responds beautifully to its coastal setting, inspired by waves, with undulating, organic forms found throughout the development.

Each home features expansive glazing to make the most of the panoramic ocean views of Burleigh Heads, Pacific Ocean, Currumbin, and Hinterland.

<img alt="" height="1344" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/palm_beach_residences.jpg" width="2000">

The development also includes an exceptional selection of resort-style amenities on-site including:

 - 18m resort pool

 - Beach shower

 - Sauna

 - Private dining 

 - Boardroom

 - BBQs &amp; Pizza oven

 - Sun lounges

 - Zen garden

 - Work-from-home facilities

 - Bicycle &amp; surfboard racks

 - Lounge and fireplace
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The penthouse apartment in BluePoint Property’s Palm Beach luxury development, 77 Jefferson, has been sold

urban.com.au

Palm Beach penthouse sale marks sell-out of 77 Jefferson

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The Newport waterfront market has welcomed its first big money listing of 2018 with Watermark, a luxury Crescent Road trophy home sold by the Toohey family.
<a href="https://www.realestate.com.au/property-house-nsw-newport-127657962" target="_blank">The offering</a>, that has been completely transformed by its owner with the help of interior designer Hare &amp; Klein, had $5 million expectations through McGrath Avalon agents James Baker.
From its its elevated position, the four bedroom home features a lounge on both levels which look out over Pittwater.
Watermark's gardens have featured in design publications as well as featuring on the TV show Garden Gurus.
The 590 square metre established gardens landscaped by local architect Landart come with vergola covered terraces.
There's designer lighting from Gardens by the Night around its Italian mosaic-tiled pool. 
Down by the water there's a self-contained boathouse with loft accomodation. There's berthing for a 65 foot watercraft.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/23/NEWPORT%202.jpg" alt=""> 
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Newport waterfront trophy home sold by Toohey family

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Harvey Norman boss Katie Page has sold Akita, her popular longtime Byron Bay holiday rental investment, set on the sands of Tallow Beach, for around $2.6 million.
Page, one of the longest CEO's having taken the helm of the retail giant in 1999, bought <a href="https://www.realestate.com.au/property/87-alcorn-st-suffolk-park-nsw-2481" target="_blank">the Suffolk Park home</a> in 2006.
The Balinese inspired beachfront has three bedroom.
It sits privately behind 100-year-old Vietnamese entry gates to the hand carved Balinese front door.
A self-contained, one bedroom rustic cottage called Bamboo Beach Shack sits in the Zen like gardens and is moments from the beach.
First National Byron Bay agents Su Reynolds and Helene Adams sold the Alcorn Street home.
This article first appeared in The Daily Telegraph.
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Akita, popular Alcorn Street, Suffolk Park holiday rental sold

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El Nido, the Hamilton Hill home of Margaret Batt, wife of bankrupt whiskey baron and Nant Distillery founder Keith Batt, has been sold by the receiver for $1,615,000.
The 1927 Spanish mission-style home was bought by a company with Margaret at the helm for $1.43 million in 2013.
Margaret listed the home late last year with no buyer emerging, and this time receivers stepped in to sell the property.
The three level home has four bedrooms and a river pool on its 790 square metre Hillside Crescent parcel.
Place agents Tristan Rowland and John Bradley sold the home at auction.
Designed by Eric Percival Trewern for the Powers family, El Nido was possible the earliest of the Spanish Mission style houses in Brisbane, and calculated as one of the most expensive pre-depression houses erected at a £3,500 cost.
The brick and stucco residence was one of the most expensive houses erected in Brisbane in the late 1920s.
This article first appeared in The Weekend Australian. 
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