Norma House, the classic Palm Beach sandstone house, sells

Norma House, the classic Palm Beach sandstone house, sells
Jonathan ChancellorJuly 24, 2012

{yoogallery src=[images/stories/2012/07/july6norma1]}

Norma House, one of the first sandstone homes on Sydney’s Palm Beach peninsula, has sold for a reputed $2.75 million.

It has been modernised but still retains its classic Palm Beach style.

It’s a popular holiday rental ensuring substantial rental returns all year round. Its Christmas peak season rental is $9,000 weekly.

It sold through Peter Robinson at LJ Hooker Palm Beach who'd listed it with $3 million-plus hopes.

The Norma Road house last sold in 2006 to Hong Kong-based futures trader Rob Goldsmith and his diamond-dealer wife, Jane, for $2,525,000.

Title Tattle recalls that Janne and Rob weren’t really in the market for a house when visiting the northern beaches in December 2006.

But before flying back they drove past the property and decided to take a look inside despite it being in terrible shape, with rotting water-damaged walls, rusted pipes coming through walls, a crumbling roof and major Hawkesbury sandstone foundation issues.

With the 180-degree water views along with sandy beaches, they made a same-day offer, and signed the contract that day.

Builder/manager James Davidson of Jaylo Property oversaw the project, according to writer Katy Scott in a feature by Country Homes Ideas magazine.

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.

Editor's Picks

First look exclusive: GRAYA expands Hamilton presence with The Gallery apartments
City Beat May 2025: Melbourne units continue recovery as stimulus and construction confidence drives off the plan market
Wellness takes centre stage as Pescado ignites buyer demand in Palm Beach
GURNER™ unveils Highgrove Place at historic Prahran site
Capri prepares to welcome residents to resort-style villa community on Isle of Capri