Brett Blundy takes loss as accountant snaps up Pearl Beach weekender
Bulky goods entrepreneur Brett Blundy has offloaded his redundant Pearl Beach weekender for $2,643,000, a 30% decline on its last sale price. It was the NSW Central Coast beachfront home's second price collapse.
It was snapped up by a company associated with Sydney accountant Stuart Waugh, from Bell Partners, when offered through Stuart Gan of PRDnationwide Ettalong Beach.
It had last traded for $3.8 million in late 2007 and at $4.035 million in 2004.
Its latest sale represents a 34% drop from its 2004 peak sale price.
The Coral Crescent beachfront property became superfluous after the Blundy clan bought a Hamptons-style beachfront house a few doors along the beach for $5.8 million in late 2009.
It was available at the weekly peak season rate of $4250 or off season rate of $2775 a week, but while on the web, it appears no longer in the Coral Crescent, Pearl Beach rental pool which consists within some 110-plus house rentals through Ray White.
