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Australia’s richest garbo Ian Malouf has offloaded an amazing beachfront property on Sydney’s northern beaches for a whopping $25million.
Located in ritzy Palm Beach, 43km from the CBD, the resort-style pad features seven bedrooms, four bathrooms and water views.
Malouf, who sold his waste management service Dial-a-Dump for $577million in 2018, bought the sprawling residence in 2021 for a reported $20million.
The home is under contract and the sale is yet to be settled, reportsĀ The Daily Telegraph.
Malouf listed the property, called ‘Moondoggie’, last year at about the same time he listed the neighbouring home, ‘Gidget’, which is yet to find a buyer.
Australia’s richest garbo Ian Malouf has offloaded an amazing beachfront property on Sydney’s northern beaches for a whopping $25millionĀ
Malouf (pictured), who sold his waste management service Dial-a-Dump for $578million in 2018, bought the sprawling residence in 2021 for a reported $20million
Malouf, 58, told the publication he was selling off both homes because he has ‘two many toys’ on one street.
Located in one of Palm Beach’s most exclusive streets, in an area known as Snapperman Beach Reserve, Moondoggie is built right on Pittwater.
Highlights include an entertainment deck just metres from the shoreline.
Malouf listed the property, called ‘Moondoggie’, last year at about the same time he listed the neighbouring home, ‘Gidget’, which is yet to find a buyer. (Pictured: one of seven bedrooms)
The multi-storey design features a creative open-plan layout, double-height ceilings and glass walls, which make the most of the stunning views.
There’s an over-sized kitchen, a beautiful fireplace and lounge and a bar.
Malouf, who has a net worth of more than $1.13billion, founded Dial-a-Dump in 1984.
The multi-storey design features a creative open plan layout, double-height ceilings and glass walls which make the most of the stunning views
The high-flying former ‘garbo’ entrepreneur also owns another north shore pad, as well as a sprawling ‘compound’ in Double Bay.
Recent reports indicate Malouf is set to build a residential high-rise at Broadbeach on the Gold Coast.
