Disaster for Ian Thorpe as he takes a second huge hit in real estate deal – see how much he is out of pocket on his flash Sydney home

  • Opulent Sydney mansion for sale for $3 million
  • The Australian swimming legend has been extensively renovated
  • Listed in September 2023 for $3.7 million, no buyers

Ian Thorpe has been dealt another blow as he looks to sell his luxury mansion in Sydney’s posh east side – and the Australian Olympic legend could end up with almost $1 million out of pocket.

The development comes ahead of the November 7 auction, with an asking price now at $3 million.

As recently as October 9 this year, the house in the upscale suburb of Woollahra was for sale for a staggering $3.5 million with Ray White Double Bay.

The Olympic gold medalist, 41, bought the beautiful four-bedroom, three-bathroom mansion in December 2017 for $2.75 million.

He previously put it on the market for $3.7 million in September last year, but failed to find a buyer for that price – and he also made a $3.95 million offer on the property in September last year , a good indication of what he hoped for. would sell for.

The beautiful two-storey property sits on 250 square meters and features spacious rooms, an outdoor swimming pool and a breathtaking tropical garden.

Thorpe has carried out extensive renovation work on the property, which also features open plan living areas, a beautifully renovated terrace and stylish sliding doors.

It’s perfect for families and entertaining – and is in a ‘highly sought-after location’, close to a variety of shopping amenities.

Ian Thorpe (pictured right with former partner Ryan Channing) has been dealt another blow as he looks to sell his luxury Sydney property – and could find himself out of pocket for almost $1 million

The Olympic gold medalist bought the luxurious four-bedroom, three-bathroom mansion (pictured) in December 2017 for $2.75 million

He had previously put the house on the market for $3.7 million last September, but failed to find a buyer for that price and made a seller’s offer of $3.95 million on the property.

The beautiful two-storey house sits on 250 m² and features spacious rooms, an outdoor swimming pool and a breathtaking tropical garden

The luxury property is a boutique apartment in an old mansion from 1860 (photo, an area for entertainment)

Speaking to the Sydney Morning Herald in 2023, Black Diamondz agent Courtney Wong said the house is the “best” in the area, set back from the street.

“It’s completely private and secluded,” he added.

The incredible property is modern with an open plan living space and large sliding doors leading to the courtyard.

A description of the property reads: ‘For those looking for a private escape with all the comforts of a luxury home, this is everything you could have dreamed of and more.’

‘This real gem is tucked away at the quiet back of a boutique block of just six.

‘The residence represents the perfect blend of modernity and the natural world with its contemporary architectural design in a tranquil, green environment.’

In November, Thorpe moved and spent an eye-watering $2.7 million on a stunning property in Sydney’s eastern suburbs.

One of Australia’s greatest Olympic swimmers, Thorpe was a five-time gold medalist in his decorated sporting career.

He rose to fame at the age of 17 at the 2000 Sydney Olympics, when he won five medals, including three gold.

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