Monte-Carlo highflier entrepreneur Matt Barrelle sells in Dover Heights

The Monte-Carlo based entrepreneur Matt Barrelle, who now spends most of his time at Byron Bay, has sold his Dover Heights investment for $2.76 million.

Barrelle, who produced the popular Goal! film trilogy, paid $1,835,000 in 2013.

The three level Military Road home has been a consistent rental since, first fetching around $2,500 a week in 2013. Its last advertised price was $2,950 a week earlier this year.

Advertised as a beach house with cutting-edge design, the timber and stone home has five bedrooms and four limestone bathrooms.

The north-facing entertaining deck offers sweeping views over Diamond Bay. 

Phillips Pantzer Donnelley agent Alexander Phillips and David Tyrell sold the home after having a revised price guide of between $2.7 million and $2.9 million.

It initially came with $2.9 million to $3.1 million hopes when listed in March.

Barrelle was inspired as a spectator at the 2002 FIFA World Cup in Japan and South Korea and then produced the highly acclaimed trilogy Goal!

It was produced through Barrelle’s production company Milkshake Films, which was set up with his business partner Mike Jefferies.

The films featured football stars David Beckham, Zinadine Zidane, Luis Figo and Raul.

Barrelle was also executive producer on the official film of the 2006 FIFA World Cup, directed by Michael Apted, narrated by Pierce Brosnan.

His primary business interest is the Pioneer Land Group (PLG), which acquires beach-front land and develops tropical beach and golf resorts in the emerging coastal and city markets of Brazil, and the South Pacific Islands.

He was once the national research manger for LJ Hooker.

In 2006 Barrelle moved from Los Angeles to Monte Carlo, while holding property at Byron Bay.

This article first appeared in the Sunday Telegraph.