Former Myer chairman Bill Wavish has listed his Palm Beach residence.
Former Myer chairman Bill Wavish and his wife Vonnie have put their Palm Beach weekender on the market.
The award-winning estate on 2370sqm feels like a tropical resort and enjoys panoramic views of the Pacific Ocean, Barrenjoey Headland, Palm Beach and Pittwater.
The Wavish family have owned the property for the past 11 years, after paying $5.4 million in 2009, according to CoreLogic.
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The home has been owned by the couple since 2009.
It is the second property that Mr Wavish currently has on the market, with his waterfront Sydney Harbour mansion also for sale. The Kurraba Point property was first listed two years ago with a $35 million guide.
The palatial estate at Palm Beach is described in the online advert as one of “Sydney’s most spectacular homes” and is being offered via an expressions of interest campaign.
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Former Myer chairman Bill Wavish.
The property is described as one of the finest in the area.
Listed with LJ Hooker Palm Beach’s Peter Robinson and Dennis Kennelly, the home is the latest in a flood of homes to come up for sale the usually tightly held Palm Beach.
A mix of timber, natural stone and glass has been used to create a relaxed architectural feel to the home. There are six bedrooms and five bathrooms across the two levels of living.
Even the kitchen has good views.
The sunken living room.
All bedrooms including the main feature private balconies that capture spectacular district views.
There is also a sunken lounge room with a rear projection theatre, as well as a mix of formal and informal living and entertaining spaces. This would have come in handy when the couple have hosted many Australians celebrities during time at Palm Beach.
Most famously, the home was used as the venue for the engagement party of former Myer ambassador Jennifer Hawkins and Jake Wall.
The property played host to the engagement party of Jennifer Hawkins and Jake Wall.
The Kurraba Point home that the couple also have on the market.
The property also has a basketball half court and a heated swimming pool with a slide and swim jets. This area is surrounded by manicured lawns and established trees that create an abundance of privacy.
A double garage, integrated audio system, central heating and airconditioning round out the features.
Realestate.com.au reports Palm Beach has seen a 0.7 per cent increase in the median sale price to $3.425 million during the past 12 months.
Prior to serving as chairman at Myer, Mr Wavish was an executive at Woolworths.
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