Lleyton and Bec Hewitt fail to hit a winner with Palm Beach sale

Lleyton and Bec Hewitt fail to hit a winner with Palm Beach sale
Jonathan ChancellorDecember 7, 2020

Bec and Lleyton Hewitt lost money on their three-storey Palm Beach retreat when it was sold late last year at $4.63 million.

The Bruce Henderson Architects Road house cost $4.4 million in 2005, with $250,000 paid in stamp duty.

The $230,000 price gain over nine years suggests the couple paid too much on purchase.

The 33 year old, former world number one tennis player will be hoping for more luck when he takes on Chinese wildcard Zhang Ze in the first round of the Australian Open tonight.

The 2001 US Open and 2002 Wimbledon champion will be contesting his 19th consecutive, and possibly last, Australian Open championship.

Its December 2014 settlement showed it has been bought by Cuthill Gibson Pty Ltd, a company associated with the Gibson transport freight group.

The couple initially were seeking more than $5.5 million, but the guidance was reduced over its seven month marketing through Raine & Horne Palm Beach, as the second home prestige market remains in the doldrums long after the global financial crisis.

They married in July 2005, settling the property purchase just two weeks before tying the knot.

The couple, parents to three kids, Mia, Cruz and Ava, live mostly in the Bahamas, buying a home in Nassau in 2009 for $3.8 million.

Hewitt sold his former Adelaide home for $2,185,600 after six years on the market, for much less than the $3.2 million he paid for it in 2003.

That leaves Hewitt's Melbourne penthouse in St Kilda's Yve tower.

Having bought two apartments for $8.325 million in 2004 and reconfigured them into one super, six-bedroom penthouse, it was relisted in August with $10 million hopes, revised down from previous $15 million expectations of two years earlier.

They still own their Kenthurst acreage.

Hewitt is listed 51st on last year's BRW Young Rich list with a net worth of $39 million.

 

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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