Russell Crowe and Danielle Spencer sign off Rose Bay property settlement

Russell Crowe and Danielle Spencer sign off Rose Bay property settlement
Russell Crowe and Danielle Spencer sign off Rose Bay property settlement

Te Puke, the matrimonial Rose Bay home of Australian actor Russell Crowe and Danielle Spencer, has been transferred fully into Spencer's name after the couple finally resolved their separation.

Crowe handed over his half share of the trophy home late last month.

In happier times the couple paid $10 million for the 1909 home back in 2011, a year before their relationship fell apart.

The Oscar-winning actor and Danielle had married in 2003 and separated in 2012.

It has been Spencer's abode since their separation. Danielle has been with her beau Ad Long since the middle of last year.

Te Puke, Maori for hill, overlooks the fairways of the Royal Sydney Golf Club on its 1,200 sqm parcel.

The six bedroom home came with an updated 1927 Arts and Crafts-style.

It was bought after a four-year search for a home.

Along the way they inspected the $50 million-plus Altona on the harbour in Point Piper in 2007, as well as unsuccessfully seeking Le Manoir at Bellevue Hill, which fetched $23 million in 2009.

Spencer was always keen to spend more on the family home, while Crowe preferred to keep his substantial Woolloomooloo apartment as a bolthole and limit the purchase.

He retains the Finger Wharf apartment along with his Nana Glen rural holding, a 320-hectare property near Coffs Harbour.

This time last year Crowe briefly listed the Woolloomooloo apartment with hopes it may have supassed the $25 million Australian apartment record.

With some 1000-square-metre space at the tip of the Finger Wharf, it had set a record apartment price in 2003 when bought for $14.35 million from the Nutrimetics founder Imelda Roche and her husband, the property developer husband Bill Roche.

It has a 35-metre marina berth and seven car spaces.

The luxury car dealer Neville Crichton was keen to buy the trophy apartment and Western Australian mining magnate Andrew 'Twiggy' Forest also had a look before Crowe decided to pull it from sale.

Before construction of the overseas passenger terminal at Circular Quay, the finger wharf was the main berth for overseas passenger liners.

Built between 1910 and 1914, the wharf, at 401 metres long, is the longest timber-piled wharf in the world.

It was rescued from demolition in 1991.

Crowe previously owned the historic Elizabeth Bay residence Berthong, which he sold in 2003 for $11.5 million.

The couple's formal separation process saw Crowe sell several investment properties this year including a Kingsford apartment block and a commercial warehouse office space at 98 Riley Street, East Sydney.

His disposal raised over $21 million in sale proceeds.

The three storey Kingsford apartment block, an investment he picked up 15 years ago, had been the home of his former 30 Odd Foot of Grunts band mates. They were allowed to live there rent free until its $3.2 million sale.

The Riley Street property, which homed Riley Street Gym as well as offices, cost Crowe $3,875,000 in 2004 and fetched $18.2 million when bought by the developer Greg Shand.

This article was first published in the Saturday Daily Telegraph.

 

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Title Tattle Rose Bay

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