$60m Byron beach house for sale
ONE of Australia's most expensive beach houses has hit the market with a price tag of just over $60 million - and it hasn't even been built yet.
The prime site with an ambitious design for a three-storey home overlooking Main Beach in Byron Bay has been listed for sale off-the-plan with global luxury property agency, Beauchamp Estates for 35 million pounds (61.3 million Australian dollars at the current exchange rate).
'The Beach House' is planned for a quarter acre block on the Bay Motel site at 12 Bay Street, next door to the Byron Beach Hotel, which recently sold for $100 million.
Adam Hammond of Cavvanbah Projects, contracted the site last August for a cool $30 million and has been working on the plans for it ever since.
The current design concept features a main residence spanning 700 sqm of internal space, with a landscaped outdoor heated pool area, Japanese hot-tub, Finnish sauna, yoga pavilion, instant gas hot water outdoor showers and an outdoor kitchen and dining area with unobstructed views of the Pacific Ocean.
A second self-contained residence of 300 sqm with switchable private elevator access would allow the owner to accommodate visiting friends and relatives, holiday let, or combine to form a total main residence of 1000 sqm.
There's also 48-volt DC fast electric vehicle charging infrastructure for your Porsche Taycan, solar PV, battery storage, and rainwater harvesting.
The property listing describes the home as the "ultimate in sustainable luxury" and "Australia's most exclusive beachfront residence in an iconic coastal town".
"Where else can a Hollywood A-lister walk from the surf straight into a restaurant or bar without shoes on and not be bothered for an autograph?" the advertisement reads.
It's the first solo project for Mr Hammond, a property economist who has previously worked as a development manager for some of the state's biggest developers.
Mr Hammond said the property was likely to attract more international interest, given its scale and price tag.
"The sort of person who can spend just over $60 million Australian on a house, which realistically will be a holiday house, will likely have a net worth of at least half a billion dollars," Mr Hammond said.
"The profile of this sort of person - they may be Australian - but likely not, as billionaires are fairly thin on the ground here.
"These people prize exclusivity, bespoke builds and discretion over anything else.
"For somebody in that league, this isn't going to be their only address."
The site is currently zoned mixed-use and could feature a combination of retail, commercial, and residential space.
The design could accommodate two world-class restaurants on the ground floor, each approximately 200 sqm plus outdoor dining areas.
The owner would have the choice of delivery upstairs or taking their secure elevator direct to their private 'chef's table' dining room.
"There is really only one use for the site with land at that price and that's a private residence, but given the mixed-use capability, why not put a bar and restaurant on the ground level and make it something that's going to work for the owner as an added income?" Mr Hammond said.
"You're looking at over half a million dollars a year in income just with the retail space.
"That doesn't include holiday letting the second residence, and you still haven't allowed any strangers into your own home."
Interest in both retail spaces has already been expressed by some big-name Australian
and international restaurateurs as tenants.
Mr Hammond said selling off-the-plan meant the buyer could customise the finished design to their desire.
Melbourne architect John Bornas from Workroom Design came up with the design concept - his fifth Byron project to date.
"John has already done great work in Byron for high profile clients and his brief from me on this project was super simple: 'It needs to be Byron Bay from the street - discreet and unassuming, but once you get inside, it needs to be a billionaire's health and lifestyle retreat," Mr Hammond said.
"The whole idea is the owner can be in something super secure and private and anybody walking past will have no idea what's going on inside."
Mr Hammond and Mr Bornas intend to lodge the development application for the project with Byron Shire Council in February.
Originally published as $60m Byron beach house for sale