Chisholm family Palm Beach trophy home Melaleuca hits the market with $20 million hopes

The Palm Beach trophy home Melaleuca has hit the market with $20 million hopes.

It has been listed by Caroline Jumpertz, the daughter of the late media legend Sam Chisholm after 26 years of family ownership.

It is located between billionaire Gretel Packer’s $24 million home and the Kalua estate that sold in 2012 to retired car dealer Laurie Sutton in 2012.

It sits on 2564 square metres opposite the beach, with access from Florida Road and Ocean Road.

Sam Chisholm, who died in 2018, aged 78, bought a modest weatherboard for $3.1 million in 1994 and then commissioned a pavilion-style residence from Susan Rothwell.

Melaleuca was once owned by novelist Morris West who sold it in 1978 for $195,000.

Palm Beach’s most recent trophy sale saw Dominic Roche buy Palm Haven on the Pittwater beachfront last year.

Last year Chisholm's Bundarbo Station sold to agriculture entrepreneur Markus Kahlbetzer.