‘Beachside paradise’ could exceed Bronte house price record

You can’t get a home much closer to one of Sydney’s most famous beaches than this, and as a result locals are expecting this pad to fetch more than $25m.

You can’t get a home much closer to one of Sydney’s most famous beaches than this, and as a result locals are expecting this pad to fetch more than $25m.

A fund manager’s ‘beachside paradise’ has a $25m guide but locals suspect the final price could even exceed the suburb’s house price record.

MHC Finance’s Andrew Palmer and his wife, Sue, have the five-bedroom Corben Architects residence with 50m frontage at 499 Bronte Rd, Bronte listed with Pillinger’s Simon Exleton in conjunction with PPD Real Estate’s Alexander Phillips.

It’s set for a May 31 auction so given the unobstructed north-easterly ocean views some in the neighbourhood wonder if it could even exceed the record $29m of two years ago, when 3 Tipper Ave sold to AirTree co-founder Craig Blair and his wife, Melanie Caffrey.

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The three-level abode comes with a swimming pool.

The vendors commissioned Corben Architects to design the stunning five-bedroom home.

The Palmers built their impressive home, one of the closest freestanding residences to the sand, from the ground up in 2011.

They’d bought the original three-bedroom cottage on the 512 sqm block for $4.75m in 2003 and commissioned the new three-level abode with swimming pool.

The house next door, a knockdown on a smaller 462 sqm block bought by billionaire Will Vicars for $18.75m in 2022, pales in comparison though council records reveal approval for a new house.

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Locals suspect the home could sell for more than the suburb’s $29m record.

The house is one of the closest freestanding residences to the sand.

Chemist Warehouse’s Tony Basselly just bought 12 Bronte Marine Drive for $25m.

But Bronte Rd is clearly the place where the big money wants to be, with, up the hill, Seamus Dawes, chairman of financial services company Pepper Group, paying $12.3m for No. 518 in 2006, only to purchase the house next door in 2012 for $16.5m.

He knocked the house down and No. 516 is now the site of his swimming pool.

Who knows what that double block would now be worth? $40m?

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Originally published as ‘Beachside paradise’ could exceed Bronte house price record