The luxury estate that could reset the North Coast record at $37 million

Tom and Emma Lane, of the Oroton fashion family empire, are selling their luxury equine estate in Bangalow with expectations north of $37 million that would reset the North Coast record.

The developer couple have outdone themselves with their latest lavish retreat, Copperstone, which was built from scratch and three years in the making after purchasing the farmland for $3 million in 2021.

In the latest addition to their luxury accommodation The Range Estates, the 19 hectares nestled in picturesque country landscape is a sight to behold.

No expense has been spared on the property as it features a long list of luxuries, including a wellness centre with a sauna, steam room and ice bath, a tennis court, a pool house for the 25-metre mineral pool, and a games room, for those making inquiries through Kim Jones, of her eponymous agency.

But it is the Lanes’ meticulous attention to detail, impeccable taste and love of horses that is perhaps what sets the estate apart from the rest of the luxury property market in the region, if not the country.

Reminiscent of an Argentinian horse ranch, the estate features a ubiquitous earthy tone throughout the home, and an impressive dressage arena with a cross-country course and stables for horse enthusiasts.

Of course, the Lanes are no strangers to the area, or luxury real estate. They sold their luxury retreat The Range in the Byron hinterland last year for $33.6 million, setting the North Coast record.

They are also planning another property flip in Byron’s Newrybar hinterland that they bought last year for $8.3 million next door to Liam Hemsworth.

Earlier this year they flipped their Bowral homestead, Wirramirra, in a paint and paper renovation for $14.5 million, selling to former V8 Supercars driver Paul Weel and his wife Emma, who had no need for a mortgage to settle on the property.

Point Piper plays

Goldman Sachs Australia’s co-head of investment banking Zac Fletcher has sold his Point Piper apartment in the historic Ardenbraught building for circa $13 million.

The character-filled home was originally a part of a three-storey mansion that was later turned into luxury apartments with harbour views.

Not a bad result for Fletcher who bought the three-bedder for $9.4 million as an “in-betweener” two years ago.

He had just sold his Rose Bay home for $23 million and was yet to settle on his loftier Point Piper pad, for which he paid $26.55 million, and he is still waiting for council approval to build his Michael Suttor-designed triplex plans.

The apartment was sold through Elliott Placks of Ray White Double Bay, who only listed it earlier this month.

Consolidated revenue

PwC Australia’s trust and risk business leader Corinne Best, and her partner Patrick Walsh, are offloading their Elizabeth Bay apartment.

Buyers have been given a price guide of $16 million for the four-bedroom home, which is a consolidation of two units in the award-winning Pomeroy building.

The couple have made quite the improvement to the home since they last purchased it for $3.45 million in 2013.

The redesign includes high-spec finishes such as European oak and quartzite, custom joinery and high-end appliances.

It is being sold through Oliver Lavers of TRG.

Morella finds love

Sydney’s renowned abandoned mansion in Mosman has finally found another buyer after it hit the market earlier this year with a development application approval to recreate the home.

While Bo Zhang of Atlas Lower North Shore declined to comment on who purchased the derelict property, which was last guided for $9.65 million, he said the owner and buyer were both happy with the deal.

The home, Morella, has been derelict for half a century despite being purchased in 2016 for $6.6 million.

It was built in 1939 for the prominent Parer family, which purchased the site three years earlier for £500 from insurance inspector Quintin McGill.

X-ray expert Leo Parer and his wife Helena commissioned its design by notable architect Eric Nicholls, a protege of esteemed architect Walter Burley Griffin.

The once-grand sandstone estate, which the public can view from the Chowder Bay to Bradleys Head walk in Clifton Gardens, was left in such a state of disrepair, with crumbling walls, an overgrown garden that reached inside, missing walls and graffiti, that it became a safety hazard to even inspect.

If the home is restored or rebuilt, the 891-square-metre block with a harbour and Heads panorama it is in good stead to fetch millions more than the suburb’s median house price of $5,475,000.

Lucy Macken is on leave.