The former Perth home of businessman Alan Bond has hit the market with a price expectations north of $35 million.
The Dalkeith bolthole, which sold in 2011 for $39 million, the second highest price paid for a property in Western Australia, is spread over six titles on a quiet cul-de-sac, overlooking the Swan River in Perth’s prominent waterside suburb of Dalkeith.
The iconic property, known as “the Bond mansion”, was acquired by Bond in 1972 and to prevent his view being impeded, Bond also bought the corner block and extended his outdoor amenities.
The late former billionaire made his fortune in property development — riding the 1970s Poseidon nickel boom and funnelled the cash into property.
He went on to sell the property to gold mining entrepreneur Ross Atkins for $7.3 million in 1993.
Current owner Sue Gibson has decided to sell after buying the home with her then-husband, West Australian mining magnate Steve Wyatt, to downsize from the six-bedroom home.
The 6,406sq m estate, built in 1976, was designed by Perth architect Geoffrey Summerhayes, and includes panoramic views, a 25m swimming pool, a tennis count, 12-car garage and a boat shed.
The property also features a 400-person ballroom, 10,000-bottle cellar and tasting room, a 21-seat theatre, a billiard room and a private gym featuring a full-size squash court and sauna.
The property also includes immense gardens with a huge range of fruit trees, offering mangoes, avocados, oranges and limes.
Over the years, the Bond's played host to celebrities including Elton John, Neil Diamond and Bob Dylan as well as business heavyweights Rupert Murdoch and Kerry Packer and former prime ministers Paul Keating and Bob Hawke.
Adding further to the property's opulence, Princess Anne and Prince Andrew were also guests.
“The property offers so many entertainment options both inside and outside,” Gibson said.
“We used to have BBQs and the kids would go and catch the crabs to eat, which is pretty cool as there’s not too many places where you can do that with such easy access to the river.
“We used to entertain and the chef would be able to source all the fruit from the orchard like oranges and avocados, plus I have great vegetable garden.”
Ray White Cottesloe director Jody Fewster, has been enlisted to sell the house where she herself grew up.
“I know the house and the location like the back of my hand and it truly is so special and one-of-a-kind,” Fewster said.
“To have grounds of this scale so close to the city and situated right on the Swan River is unheard of in Perth.
Growing up we’d go prawning and collect mussels and the next family to live here will be able to go paddle boarding, boating and jet skiing right out the front of the house.
“There are very few properties in Perth that have a boat shed nowadays so it’s very special.”
The estate was listed early last year with price expectations then of above $50 million but was unlisted due to Perth’s weakening property prices.
Prices in the Western Australian capital dropped 0.8 per cent last month and are now down 21.6 per cent from their 2014 peak.
Driven by a slowdown in the mining sector, the heavy falls have seen many Perth home owners slip into negative equity.
The resort-style oasis at 89 Watkins Road, famed for its orchards, sporting amenities and views will be hoping for renewed interest in an opportunistic market place.