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Mona Vale Beachfront House Sells for A$29 Million, Setting New Record
Sentiment: NeutralHigh Priority
What Happened?
A beachfront house in Mona Vale has sold for A$29 million in a private sale, surpassing the previous record of A$13.5 million. The property was bought by poker player Tom Rafferty.
Key points
- The house was sold off-market, meaning it was not publicly listed.
- The previous record for Mona Vale was set in October 2025 at A$13.5 million.
- The property spans 2,056 square meters and features a pavilion-style design.
- Joshua Perry from Bell Property Dee Why managed the sale.
- The previous owners sold the house in December 2014 for A$7.65 million.
Key insights
- The significant price jump indicates a strong interest from affluent buyers despite a declining market.
- Private sales like this may become more common as sellers seek discretion.
- The sale reflects the unique value of beachfront properties in Sydney's real estate landscape.
Why it matters
This sale highlights the high demand for rare beachfront properties in Sydney.
Tags
Entities
Mona Vale· LocationTom Rafferty· PersonJoshua Perry· PersonMcDonald's Australia· Organization
Source
Times of India
