Latest news with #FrenchProvincial
News.com.au
3 days ago
- Business
- News.com.au
Brighton mansion with Block-designed pool asks $8.25m
A luxury French Provincial mansion just steps from Brighton's Bathing Boxes has hit the market with a price tag of up to $8.25m. The grand five-bedroom home at 29 Tennyson St is turning heads in one of Brighton's most tightly held pockets. The lavish property features a full suite of lifestyle extras including a home cinema, wine room, lift and six-car garage. Listed with Buxton Brighton director Andrew Campbell, the property spans about 80sq m across three lift-connected levels, with hydronically heated marble floors, bespoke ironwork, designer lighting and a landscaped pool zone from The Block star Dave Franklin. First look: Melb's $80m village unveiled Mr Campbell said the home's level of craftsmanship was among the best he'd seen in 15 years selling in the area. 'You walk through the door and instantly know, this is bulletproof,' Mr Campbell said. 'It's solid, timeless, and immaculately built. 'Honestly, you'd think it was completed yesterday.' Constructed about a decade ago, the chateau-style residence also features a formal dining room with bar, a Lacanche kitchen with Miele-equipped butler's pantry, multiple fireplaces and a vast master suite with dressing room, French limestone gas fireplace and spa ensuite. The property's lower-ground level includes a home theatre, wet bar, wine room and gym, all with direct lift access from the six-car basement. Mr Campbell said the home's location in the beachside cul-de-sac between Tennyson and Cannan streets placed it 'in an even better lifestyle pocket than the Golden Mile'. 'It's 100m to the Bathing Boxes, and you've got both Church St and Were St precincts within walking distance,' he said. 'There's a real lifestyle aspect here that prestige buyers are connecting with.' The campaign follows the recent $9.1m sale of Rathgar, a five-bedroom estate just down the road at 24 Tennyson St, a result The Buxton Brighton director said had reignited momentum in the suburbs top end. 'We've got interest from Paris, Noosa, and high-net-worth buyers in China,' Mr Campbell said. There's global attention on Brighton again, and that gives confidence to local buyers as well.' Despite its 650sq m block, the home's clever three-level design allows for expansive living without feeling oversized. 'That balance of luxury and liveability is rare,' Mr Campbell said. 'It's the kind of home that doesn't change hands often, the vendor's had it for a decade, and that longevity says a lot about how well it lives.' Mr Campbell said he'd pursued the listing for several years, having long admired the property's quality and position. 'I followed up with the vendor for close to four years. I always believed it had a special story, and I wanted the chance to represent it properly when the time came,' he said. He added that prestige buyers in the $5m-plus range were less affected by interest rate fluctuations, instead prioritising privacy, lock-and-leave convenience and lifestyle features. 'At this level, it's not about lending, it's about lifestyle,' he said. 'This home nails that brief.' The home is listed for private sale with $7.5m-$8.25m price hopes.
Yahoo
09-04-2025
- Business
- Yahoo
Billionaire CEO Behind America's Largest Digital Media Company That 'You've Never Heard Of' Sells Florida Mansion For $73 Million In All Cash Deal
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. As the New York Times suggests, while you've probably never heard of Ric Elias's digital media company, chances are you've been on one of its websites. The billionaire CEO of Red Ventures, which owns Bankrate, CNET, and The Points Guy, has just sold his Palm Beach, Florida mansion for $73 million. The all-cash deal was the second highest of the year so far in the ritzy enclave, behind Estee Lauder heir , comprising two oceanfront lots that sold for $177.8 million. According to the New York Post, Elias' buyers plan to start enjoying the home as soon as they open the front door, as the deal included all furnishings. Don't Miss: This Jeff Bezos-backed startup will allow you to . 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Luck seems to follow Elias around. All cash buyers for such a lofty price are hard to come by. Also, in 2009, Elias was one of the survivors of the 'Miracle On The Hudson,' when Capt. Chesley 'Sully' Sullenberger made an emergency landing, flying US Airways Flight 1549 on the Hudson River. Douglas Elliman's 'Rookie of The Year' for 2024, agent Jack Rooney repped both the buyer and the seller in the Eias sale. 'This deal shows the heat of the market,' Rooney told the Post. 'People in Palm Beach are willing to pay a premium for newly completed development on the beach. All you have to do is bring your toothbrush and walk right in.' Trending: It's no wonder Jeff Bezos holds over $250 million in art — Though French Provincial in style, the eight-bedroom, 14,900-square-foot home is relatively new. In 2018, insurance mogul Sir Peter Wood built it as a spec home. He sold it to Elias for $37.25 million in 2020, who stands to make almost $40 million in profit after holding the house for only five years, amounting to nearly $8 million in equity per year. According to Red Venture's website, Elias, a native of Puerto Rico and graduate of Boston College and Harvard Business School, co-founded Red Ventures in 2000. Forbes estimates his net worth as $1 billion from purchasing specialized websites. His biggest acquisition was the finance site Bankrate, which Red Ventures acquired for $1.24 billion in 2017. The company also paid $500 million for consumer tech review site CNET in his experience on Flight 1549, Elias gave a TED Talk titled 'Three Things I Learned When My Plane Crashed.' In 2019, he launched a podcast of the same name, in which he interviews experts and leaders in business, personal development, and leadership. 'This is the perch from where I'm going to live the rest of my life,' Elias told the New York Times in 2021, describing his decision to change his company's trajectory and engage in altruistic causes following his near-death experience. 'We're not going public, we're not selling. Red Ventures, as is, will never be a public company as long as I'm running it.' Read Next: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Send To MSN: 0 This article Billionaire CEO Behind America's Largest Digital Media Company That 'You've Never Heard Of' Sells Florida Mansion For $73 Million In All Cash Deal originally appeared on Sign in to access your portfolio
