Paul Espie calls time on Pacific Road, Palm Beach
Jonathan ChancellorDecember 7, 2020
Investment banker Paul Espie, turned Dungog farmer, and his librarian wife Ros have listed their 1920s Palm Beach weekender, Craboon with $6.5 million plus hopes through LJ Hooker agents David Mackay and David Edwards.
Its listing heralds an end of an era as they've been on Pacific Road since before he founded his advisory company, Pacific Road Capital.
Their stone cottage with Howard Tanner extension was purchased in 2005 for $2.45 million, though the family initially owned elsewhere on Pacific Road in the mid-1980s when Paul and his late father, Sir Frank dabbled in speculative property plays.
This article was first published in the Saturday Daily Telegraph.
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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Residential Sale