Friday is the deadline for wealthy buyers to make an offer on a multi-million dollar compound in Australia’s celebrity-favored Byron Bay.
From its elevated mountain-top position, the secluded 6.8-acre property—known as the Jewel—has panoramic views of the ocean and the surrounding lush valley, according to the listing with Janis Pekins of Real Estate of Distinction, Byron Bay.
“The phrase ‘once in lifetime’ can be overused, but in the case of this breathtaking property, it really is the case. There are quite literally, only two handfuls of properties with even similar views that exist,” Ms. Pekins said in a news release.
“But this is, as the name suggests, the jewel on this spectacular ridge,” she added.
With a price expectation of A$10 million (US$7.7 million) or more, the property is being sold through an “expressions of interest” campaign, a sale method somewhere between an auction and a traditional sale and that is used to draw offers for properties without disclosing the exact price for which the owner wants to sell.
Like an auction, the property has a deadline for sale, but buyers can’t see other bids or bidders.
The compound consists of three homes: a fully renovated century-old main home with wraparound balconies, and two modern, self-contained Balinese-style villas.
There are also stables, a lagoon-style pool, a heated spa, tropical gardens and a number of al fresco living spaces, the listing said.
The owner of the home, former bar owner Rick De Leede, has owned the estate for the past 19 years, he said in the news release.
Mansion Global could not determine how much he paid for the property.
“While the pictures of the property are a terrific showcase of its beauty, the only way to do justice to the views is to stand on it oneself,” Mr. De Leede said.
“I truly believe that its clean, green and wonderfully peaceful environment has healing power,” he added.
Home prices have risen across the board in the country, but the luxury market has seen a stand-out performance. “Not only are interest rates incredibly low and jobs are roaring back, there are those wealth effects that really accelerated during Covid with lots of savings.
Article Source: Mansion Global