Price slashed for Alan Bond’s ‘ultimate waterfront escape’

Price slashed for Alan Bond’s ‘ultimate waterfront escape’

A luxury home built by disgraced businessman Alan Bond — and given a $7m pricecut — comes with a 12-seater swim-up bar, a 21-seater cinema and 10,000 bottle wine cellar.

The controversial figure, who was jailed for corporate fraud after declaring bankruptcy in 1992 with $1.8b in debts, touched many facets of Australian life including leading Australia’s first ever America’s Cup win.

He had a massive fall from grace having crossed state boundaries to create Bond University in Queensland, be president of Richmond Football Club in Victoria and control Castlemaine Tooheys brewery in New South Wales.

Mr Bond also left behind a stunning real estate legacy when he died in 2015 via a jawdropping home described as “Australia’s ultimate waterfront estate”.

The 0.64 hectare property has 14 bathrooms, and parking for a dozen cars and is unlike any six bedroom home in Australia.

It’s huge, with 2,930 sqm of internal living space over four levels, with the 6,406 sqm block made up of six titles of land, according to a listing by agent Willy Porteous of William Porteous Properties International.

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The property, which was snapped up in 2011 for $38m, has a resort-style pool described as “one of the largest private pools in Australia”. That’s also where the 12 seater swim-up bar is plus a spa.

It also has a ball room that can handle over 400 guests, two fully equipped caterers kitchens and a walk-in fridge.

The home has a separate house for pizza, teppanyaki and barbecues and a large fully fitted commercial bar and games room.

More like a commercial resort than a home, it also has a full gymnasium, massage and shower room, full size professional squash court, floodlit tennis court and a commercial-size laundry and drying room. A boat launch and boat storage space was also on site, with the gardens also packed with water features and ponds.

“The extensive grounds has all the attributes of a luxury hotel, with the ability to transform from a secluded and private retreat into a fully equipped venue for the grandest of functions,” according to the listing.

Recent sales in Dalkeith, WA, where the property is located, range from $1.83m for a three bedder in November to $4.46m for a five bedder in September last year, according to

The property is for sale by private treaty.


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