Australia real estate investing. Nicole Kidman & real estate
Despite reports to the contrary, Nicole Kidman is yet to selloff all of her Rosedale beachfront holdings.
That’s according to a source, who said the Kidman clan was yet to find a buyer for the vacant lot on Rosedale’s Knowlman Road, which they purchased in 2004.
According to Sydney media reports, the 1220 square metre property, with three rustic cabins, quietly sold under a confidential agreement for “well over” the listed buyer inquiries of $1.4 million.
However, reports that the sale completed Nicole Kidman’s real estate rationalisation, following the sale of her properties at Darling Point and Walsh Bay, were incorrect.
In 2004 the actress’s then brother-in-law, Angus Hawley, helicoptered in to bid $1.47 million for the beachfront cabins at Rosedale.
That was followed two months later by the purchase of the three-bedroom house next door and an adjoining vacant lot for $2.53 million.
The whole purchase was $4 million for more than 3000 square metres of prime beach frontage.
A local source confirmed the entire site was put up for sale in 2008, following Mr Hawley’s split from Nicole’s sister Antonia.
According to neighbours the property, though rarely used by Nicole, was a favourite of the actress’s sister and brother-in-law, together with their children and Nicole’s parents.
Her trip to Rosedale in 2007 made headlines when Nicole sent staff to Batemans Bay Police Station to request a police escort to help her reach her Rosedale holiday home.
According to reports, the star and her husband, country music singer Keith Urban, complained of harassment from a celebrity photographer.
At the time, Batemans Bay Police Inspector Gary Megay said the couple were offered protection.
“Those roads around Rosedale are very narrow and with paparazzi around, we were just making sure everyone was safe,” he said.
Mr Megay said regular patrols found “no issues” with regard to harassment allegations.
Despite this, the couple ended their holiday early, returning to Sydney the following day.
In January 2009, eight months after the land parcel was listed for sale, the house sold for $1.45 million.
The buyer is rumoured to have an option to purchase the adjoining land. batemansbaypost.com.au