Justin Hemmes spends $17 million on a beachfront deck in Byron Bay
Billionaire baron Justin Hemmes spends a record $17 million on a two-bedroom beachfront ‘shack’ in Byron Bay
Billionaire Justin Hemmes has splurged a record $17 million for a beachfront rig in Byron Bay.
The 50-year-old Sydney pub baron bought the two-bedroom property on Belongil Beach in Byron Bay in an off-market sale. The Sydney Morning Herald informed.
It was previously owned by Stephen Hains, son of billionaire businessman and horse breeder David Hains.
Sydney billionaire Justin Hemmes, 50, has splurged a record $17 million on a waterfront rig in Byron Bay, according to a report in the Sydney Morning Herald. Pictured is him with his girlfriend Madeline Holtznagel in December 2022
Hains bought the property through trust in 2012 for $2.77 million and used it as a vacation getaway.
According to the listing, the property is “intuitively designed to capture magnificent views of the ocean from every angle.”
The two-bathroom shack sits on 1,922 square feet of land and features an easy-care layout with expansive living, dining, and entertaining spaces.
According to the listing, the property is “intuitively designed to capture magnificent views of the ocean from every angle.”
The two-bathroom shack sits on 1,922 square feet of land and features an easy-care layout with expansive living, dining, and entertaining spaces.
It was previously owned by Stephen Hains, son of billionaire businessman and horse breeder David Hains.
It comes after Hemmes sold his stunning Pittwater home for $5.5 million in December 2021.
Hemmes had acquired the house just five years earlier, when he purchased the nearby Newport Arms, a historic hotel located on the shores of Pittwater.
The stylish weekender featured three bedrooms and a large open-plan living room, perfectly suited for entertaining.
Hains bought the property through trust in 2012 for $2.77 million and used it as a vacation getaway.
Hemmes originally purchased the house for $2.75 million from stage production designer Laurence Eastwood and his wife, Deborah.
Hemmes made his Financial Review Rich List debut in 2018 with an estimated net worth of $951 million.
Last year, his net worth grew to $1.2 billion, making him the 97th richest person in Australia.
The billionaire is currently dating model Madeline Holtznagel.
The billionaire is currently dating model Madeline Holtznagel (pictured together)