Karala, the $25,000 Palm Beach peak season rental sold

Karala, the $25,000 Palm Beach peak season rental sold
Karala, the $25,000 Palm Beach peak season rental sold

Karala, the Palm Beach trophy home, sold pre-Christmas selling for $12 million, making it the highest sale in two years at the northern beaches suburb.

The seven-bedroom residence was bought by Mosmanites Silvana Marshall, wife of lawyer Richard Marshall, the former head of legal for mining giant Glencore Xstrata.

​Designed by architect Albert Hoggett, it was sold by Switzerland-based hedge fund manager Adrian Vanderspuy and his wife Vanessa, owners of the Oldenburg Vineyard in South Africa.

Karala, the ,000 Palm Beach peak season rental sold

The Vanderspuys listed it with a $12 million to $12.5 million guide through David Edwards, of LJ Hooker Palm Beach in May. 

Set on Pacific Road, the 1700-square-metre property has been one of Palm Beach’s most expensive holiday rentals, regularly fetching $25,000 a week during the peak holiday season.

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