Mega-Mansion Sale: Hawkins and Wall’s Whale Beach Project Closes at $30 Million
The cliff-top property, completed after five years of construction, has been purchased via a shelf company for $30 million.
The mega-mansion built at Whale Beach by model Jen Hawkins and her husband Jake Wall has settled at $30 million, approximately five years after construction began.
Key Details
- Location: The property is situated on Rayner Rd.
- Caveat: A caveat on title dated Christmas Eve 2021 revealed a put and call option to a mystery potential buyer.
- Exchange: Cotality records indicate the property was officially exchanged in April 2024.
- Buyer: The buyer, Rayner Property Pty Ltd, a shelf company, became co-financier of the project and has NAB finance for the purchase.
- Mystery: Realestate.com.au reported in September that a company owned by neighbor David Appleby had taken out the caveat, but it is unknown if Rayner Property Pty Ltd is the same organization.
- Occupancy: The buyer's identity will be revealed when they take occupancy.
Background
The initial 2020 development application was costed at $3 million for the cliff-top residence on a 3,073 sq m block.
Amenities include:
- Gym
- Yoga room
- Sauna
- Theatre
- Bowling alley
- Wine room
- Outdoor bar
- Infinity pool
- Spa
- Shell-shaped sunken lounge
- Basketball half court
The couple demolished Rocca Bella, a three-level 1950s house that had been home to opera legend Dame Joan Sutherland for nearly four decades.
Wall and Hawkins paid $6.95 million in July 2020 for the property.
Related Events
- The completed project and an adjacent one also owned by Rayner Property were undertaken by Wall's J Group Projects.
- The couple retain acreage at Erina, Central Coast (purchased for $3.7 million in 2022) and a redundant Terrigal acreage (purchased for $6 million in 2021).
- Local agents report that the construction has led to complaints from neighbors and disruption.
- Several neighboring properties on Rayner Rd have been sold since demolition and construction began in 2021, including:
- 23 Rayner Rd ($5.2 million, Feb 2024)
- 21 Rayner Rd ($4 million, 2023)
- 27 Rayner Rd, and others.
- In October 2024, two more properties on the street were listed for sale.
- Reports indicate that trucks and utes have blocked the street during construction, causing parking difficulties.
Statements
One agent estimated the end value at $45 million.
Locals have dubbed it the 'Taj Mahal of Whale Beach'.