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Home & Property
Media tycoon Lachlan Murdoch and his model wife Sarah have sold their Bronte property for more than $10 million in less than five weeks after the property's latest campaign launch.
The contemporary house in Bronte Road has been on and off the market since 2009 when it was first listed with hopes of $13.5 million, but was relaunched on May 24 with more realistic expectations ahead of this Saturday's planned auction.
The residence, which is on an ocean-front road known as the Cutting, sold on Friday evening to an as-yet unknown buyer.
Neither Ken Jacobs nor Darren Curtis of Christie's International would comment on the sale price, confirming only that it had sold, but another industry source says the result was just over $10 million.
The Murdochs moved out of the residence about five years ago and it has since been home to actor Toni Collette and later to a Swiss billionaire.
Mr Murdoch, who recently became Rupert Murdoch's likely successor following his appointment as News Corp and 21st Century Fox non-executive co-chairman, bought the property in 2005 for $7.75 million from Graham Ford, the Bronte Surf Club president.
The Murdochs largely rebuilt the property into a three-storey house set privately behind a double lock-up garage off Bronte Road.
The sale coincides with work nearing completion of the couple's Bellevue Hill home Le Manoir, the 3915 square metre estate they bought for $23 million in late 2009. Woollahra Council approved that work, worth a reported $11.6 million, in 2011 after three rounds of development applications were submitted.
Their purchase of the Bronte residence followed the sale of their Point Piper harbourfront residence in early 2005 for $20.8 million.
Previously, the couple sold their historic waterfront home in Elizabeth Bay, Berthong, for $9.2 million in 2001 to actor Russell Crowe.
- Sydney Morning Herald
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