Billionaire James Packer and ex-wife Erica sell their breathtaking Sydney home ‘La Mer’ for an Australian record price of $70 MILLION

James Parker Sydney-celebrity news-people re-el magazine

6 August 2015

Tags:celebrity, celebrities, news, live news


-The home named La Mer owned by billionaire and casino tycoon James Packer was sold for about $70 million

-It was sold last week, covers 3,345sqm and boasts views of Sydney Harbour in the eastern suburb of Vaucluse

-La Mer’s sale broke the previous record set in 2013 by Altona in Point Piper, which sold for a cool $52 million 




Billionaire James Packer has reportedly sold his sprawling compound in Sydney’s exclusive eastern suburb of Vaucluse for at least $70 million – the most ever paid for an Australian property.

The extensive estate, named La Mer, covers 3,345sqm and was lived in by the casino tycoon and his former partner, Erica, back in 2013 when it was completed before news of their break-up emerged.

It boasts views of the Sydney Harbour along with a glassed-in garden area, a home gym and workout room, a cinema that fits 20 people, an elevator and a garage with 20 car spaces, The Daily Telegraph reported.

The Wentworth Road property in Vaucluse smashed the previous sales record by $20 million, reportedly selling for $70 million. It is pictured here before renovations.

The Wentworth Road property, which was bought by Mr Packer back in 2009 from Manoc Developments to build his family home, was advertised through international real estate agents Christie’s and Sotheby’s, and sold last week.

It smashed the previous sales record of Altona in Point Piper by $20 million, which sold for a price tag of $52 million in 2013.

A spokesman for the billionaire told Domain the new owner lived in Australia.

La Mer was meant to be the couple’s first family home with their three children – two-year-old Emmanuelle, five-year-old Jackson and eight-year-old Indigo.


Billionaire James and Erica Packer lived there in 2013 following La Mer’s completion before their break-up was announced



The 3345sqm property boasts views of Sydney Harbour and a large pool area, with Mr Packer spending three years renovating the home



Its sale smashed the previous sales record of Altona in Point Piper by $20 million, which sold for a price tag of $52 million in 2013


Mr Packer paid $18 million for the main house, which was designed and lived in by renowned architect Guilford Bell, and then bought the houses behind the property in the following year.

Each of those purchases on Vaucluse Road were a cool $5.5 million and $6.5 million.

La Mer’s $70 million price tag will reportedly just cover the costs of Mr Packer’s lavish three-year renovation of the compound.

The home has since been left empty following the couple’s 2013 split as both continue to live overseas, with the billionaire looking to expand his casino empire and Ms Packer making a home in Los Angeles


Mr Packer (above with Erica Packer) paid $18 million for the main house, which was designed and lived in by renowned architect Guilford Bell



La Mer’s $70 million price tag will reportedly just cover the costs of Mr Packer’s lavish three-year renovation of the compound


This is one of the homes behind the compound Mr Packer bought to extend the property to reach its sprawling size now


Each of those purchases on Vaucluse Road were a cool $5.5 million and $6.5 million, and were bought off Manoc Developments


But the latest sale will barely leave a hole in the billionaire’s bursting property portfolio, with Mr Packer still the owner of a Bondi penthouse – which he put on the market for $22 million earlier this year – and his recent acquisition of a home in Tel Aviv in Israel.

Since going their separate ways, the Packers seemed to have found new loves.

Earlier this year, Mr Packer made international headlines when he debuted his romance with US pop diva Mariah Carey.

But his estranged wife almost upstaged the father of her children’s new flame by going public with supermodel Heidi Klum’s ex-husband, Seal.

Tags:celebrity, celebrities, news, live news

Source




Celebrity News see also….

Cristiano Ronaldo buys agent a Greek island as a wedding gift

5 August 2015

ronaldo--zCristiano Ronaldo had the honour of being the best man at the wedding of his agent Jorge Mendes ….read more

 

 


Jenna Dewan-Tatum reveals she wants another baby with husband Channing Tatum

5 August 2015

channing-jenna--eChanning Tatum has described his wife Jenna Dewan-Tatum as a “super mum” to their daughter Everly….read more

 

 


EXCLUSIVE: ‘I became an ice addict at 40’: How a successful businesswoman and loving mother became helplessly addicted to meth… and her warning that no one is immune to its deadly allure

5 August 2015

Andrea Simmons-celebrity news-people re-el magazineAndrea Simmons was a successful businesswoman and devoted mother who nearly lost everything….read more

 

 


Gwen Stefani, Gavin Rossdale’s Shocking Split: “This Was a Long Time Coming”

4 August 2015

_gwen-stefani-gavin-rossdale-article-celebrity news-people re-el magazineThough the parents of Kingston, 9, Zuma, 6, and Apollo, 17 months, announced they were divorcing ….read more

 

 


11 Hollywood celebrities who got married in early age

4 August 2015

Celebrities people re-el magazineThere are few famous girls of Hollywood who married at a very young age! Below you will learn who stars said the…read more

 

 

 


Categories