SOLD @ Palm Beach

Some of my more faithful readers may recall this post about Kalua at Palm Beach. The vendor, Ian Joye, was hoping for $25 million and I went out on a limb and said I felt it was worth every penny. Well someone agreed with me because it has just reportedly sold for around the $23 million mark. So kids, that's two $20 million + properties sold this year so far which is certainly encouraging for the Sydney market as a whole.

Update: It sold to Laurie Sutton, the former owner of the Bay Street, Mosman property that I love so much which was also the other house that sold for $20 million.