Chic Palmie home sold by the Pongrass family

A chic beach house with postcard views over Pittwater has been sold at Palm Beach by the Pongrass family. 

Nick Pongrass, who heads Pongrass Properties, and his wife Leigh, held $5 million hopes.

The 1940s waterfront home sits on the tightly held Thyra Road, an exclusive strip of just 20 homes on the sand. Only three homes have sold in the last decade. 

It last traded for $4.278 million in 2005 after an impressive renovation that featured in Belle Magazine when sold by former finance executive John Mills and Greg Clark.

The latest design, strongly influenced by Burley Katon Halliday, sees white beamed ceilings contrast with sandstone feature walls. Lots of light features. 

Meeting the water is a self-contained boat shed with ramp, outdoor shower and pool.

Michael King at LJ Hooker Palm Beach, who describes the three bedroom home as Palm Beach perfection, was seeking offers of around $5 million.

The sale comes with approval for a new garage and self-contained studio.

Last year there were over 50 house sales in Palm Beach ranging from $1.2 million to $12 million.

This article was first published in the Sunday Telegraph.