Kahala, the $12 million Clareville waterfront bought by William Samuel Fox, III

Kahala, the new Clareville waterfront four years in the making, has been bought by the Fox family.

The settlement shows the sale price as $12 million, so the Title Tattle forecast that it was likely to be close to $12 million was on the money.

It was bought by William Samuel Fox, III and Ann Elizabeth Fox, about whom few details are known.

The north facing 25 metre beachfront comes with tri-level home on its cascading 1,663 square metre Hudson Parade site.

There are views across the Pittwater to Lion and Scotland islands. 

Much was made in the marketing of its kitchen, designed by Porcelanosa Studio and finished with Spanish granite benchtops, mother of pearl splashbacks and Miele appliances.

At the water's edge it boasts boatshed with the sale including a 6.1 metre amphibious sealegs boat thrown in.

There was also a glass mosaic infinity edge gas heated pool and spa.

It was listed in April 2013 through LJ Hooker Avalon agent David Watson and Ken Jacobs at Christie's International with property columnist Margie Blok writing that its grounds came with a meditation hut and a pizza oven.

The property on Sydney's northern beaches peninsula had been listed at more than $12.5 million by David Desmarchelier, chief executive at Boartes Consulting, a security company that had contracts for the Sydney 2000 Olympic Games.

Its 2007 purchase was $9.15 million.