Sunday, 18 August, 2019

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$17M+ Bower St trophy home sale smashes Manly’s price record


Big ticket sale — 38 Bower St, Manly has broken the suburb record.

Manly’s run of big sales continues, with the sale of a Vince Squillace-designed trophy home in Bower St for north of $17 million.

The hush-hush sale blows the previous record of $16 million for a neighbouring home out of the water.

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Michael Clarke and Cherie Humel, of Clarke & Humel Property are believed to have finalised the sale on Thursday night. The price guide for the property was $15 million to $16.5 million.

It was put to auction in July, but passed in on a vendor bid of $15 million.

Which goes to show that patience does pay off.

Extensive views north.

And over Shelly Beach.

Mr Clarke was tight-lipped about the sale price and the identity of the buyer, but he did reveal it was an “all time record” for Manly.

However industry sources have put the sale price in the mid-$17 million range.

Jake Rowe, of Rowe Partners Real Estate, was the joint agent on the property. He would not comment on the sale.

The luxury Bower St home is owned by advertising boss Ray Balcomb and his wife Julie, who bought it about six years ago.

Mr Balcomb said he and his wife were very pleased with they result, although he was giving nothing more away either..

“They (Mr Clarke and Ms Humel) did an outstanding job – we’re very happy,” he said.

It had been their weekend beach house until they sold their main property in Duffys Forest early last year.

Views everywhere.

Great sunrises.

They clearly have the golden touch when it comes to property. After spending 15 years turning the Duffys Forest property into one of Sydney’s finest world class equestrian estates, they set another suburb record when it sold for more than $10 million.

Their daughter Lauren, now based in the US, is a champion eventer.

Before moving full time into their Bower St home, the Balcombs also embarked on a major renovation with the help of renowned architect, Vince Squillace.

Luxury living.

Cosy up.

The result is a Mediterranean-style masterpiece that makes the most of the breathtaking views over Shelly Beach, all the way north to the Central Coast.

A pathway offers direct access to the beach. The home is on an 822sqm block and flows across three levels, with multiple living spaces that spill out onto terraces surrounded by tropical gardens.

The flexible floorplan includes a self-contained flat, and there is secure, gated access to the front garden. A whole-floor home office opens to a wonderful rooftop terrace.

The Balcombs have never tired of this view, and never taken a moment of living in their wonderful house for granted.

“We fell in love with it the moment we walked in, we knew it was the place,” Mr Balcomb told the Manly Daily in July.

“It’s an amazing place, it really is quite extraordinary.”

Luxury study.

Sweet dreams.

The Balcombs won’t be moving far — only 150m down the road to a new project. They have bought an old Californian bungalow on a double block. It was the lure of the extra land and more gardens that they could not resist, Mr Balcomb said.

“It’s going to be really special, we’re really excited about it.”

Manly’s Bower St continues to be blue-ribbon buying even though most of it is leasehold land, leased from the Catholic Church.

No. 68 Bower St, which sold for about $16 million in May last year, was once the home of former world motorcycle champion Wayne Gardner.

Earlier this year, Manly notched up another double digit sale, when a beachfront house on Little Manly Beach owned by Oroton chief executive Ross Lane was sold by Mr Rowe for more than $15 million.

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