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Jim Beam boss takes another shot at the luxury Narrabeen property market: Title Tattle
By
Jonathan Chancellor
Page 1 of 2
Norma House (pictured above and below), one of the first sandstone homes on Sydney’s Palm Beach peninsula, has been listed for sale by the Goldsmith family. It’s been modernised but retains its classic Palm Beach style. It’s a popular holiday rental ensuring substantial rental returns all year round. It has a northerly aspect towards the Barrenjoey Headland and across the Pacific Ocean to the horizon. It’s for sale through Peter Robinson at LJ Hooker Palm Beach with $3 million-plus hopes. The Norma Road house last sold in 2006 to Hong Kong-based futures trader Rob Goldsmith and his diamond-dealer wife, Jane for $2,525,000.
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Much has been spoken about the global property market and that our market will ultimately follow a similar fate and I am always at pains to point out not all property is created equal.
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Lomalagi (pictured above), the absolute Narrabeen beachfront residence of Philip Baldock, the president of the Asia Pacific/South America section of the Jim Beam group, and his wife, Tracy, remains listed for sale on the Max Walls International website. It’s a luxury five-bedroom, five-bathroom contemporary house that takes its Fijian name meaning Heaven. It’s been marketed as a four-year-old home with a six-star resort feel. It was built with feng shui principles in mind from the entrance with koi pond. It comes with an award-winning gas-heated pool. The 835-square-metre block cost $2.08 million in 2002. It was initially listed in mid-2010 with $6 million-plus hopes, then withdrawn from major websites, but remarketed last month after a $7.8 million Mona Vale sale. Baldock has responsibility for Beam's business in Australia, New Zealand and Asia, as well as two of the company's largest developing markets, India and Brazil.













