Billioniare James Packer relists Bondi Beach apartment for sale

James McCowan, of Sotheby's International, and Will Manning, of Ballard Property, have been enlisted to sell the Bondi Beach apartment of tycoon James Packer.

There's a price tag of $20 million plus, Fairfax Media reports, seemingly down a tweak on the initial hopes of more than $22 million when briefly offered two years ago.

The vast Campbell Parade complex has previously played host to Latin pop star Ricky Martin during his The Voice judging residency.

Only three photos comes with the marketing, the most we see is the view from the balcony.

 

The abandoned garage site was bought by James Packer in 1995 for $2.25 million before constructed into the billionaire's Bondi Beach pad.

The news came as the NSW government and developer Lend Lease finally reached an agreement which will allow James Packer's planned $2 billion hotel casino in Sydney to proceed.

It's a four-storey Campbell Parade property.

The four bedroom, six bathroom home has an eight car garage, gym, cinema, winter garden and six terraces.

The Bondi Beach pad has views of the beach. The initial report of the listing came July 2012 in News Ltd papers when property reporter Bronwen Gora reported its $20 million plus mumurings.

But its then McGrath listing agent Andrew Livingston only acknowledged the official pricing in early 2013.

The then pricing was derived from September 2012 sales at the nearby Swiss Grand Hotel redevelopment into the Pacific Bondi Beach, where its ''lighthouse'' penthouses are being offered at $40,000 or so a square metre. The 800-square-metre Packer pad pricing rates at short of $30,000 a square metre.