Peter Ritchie lists biggest Mona Vale beachfront with pavilion-style home
The former chief executive of McDonald's Australia, Peter Ritchie and his wife, Leigh, have $12 million hopes for their Mona Vale weekender.
It's a Peter Burford-designed beach house on 2056 square metres - a pavilion-style home on level lawns to the beachfront.
They had bought the two title Surfview Road property in 1996 at $850,000 and $1,185,000 in 1997.
The property is listed through Lachlan Elder of LJ Hooker Mona Vale.
The street's top sale was $3.62 million for a 1980 house on an 822 square metre block. It pipped the $3.5 million sale of the 870 square metre Delmege family property in 2011. There was another $3.5 million pre-auction sale in October this year through Elder of the 821 square metre dual occupancy property owned by the Sheppard family since 1966.
Ritchie oversaw the restaurant chain's expansion from Yagoona to 500 plus stores during his 25 years as chief executive until 1995. His subsequent executive positions have included chairman of Mortgage Choice Australia, chairman of Reverse Corp Limited, chairman of Culligan Australia Pty Limited and the deputy chairmanship of the Seven Network Limited.
This year most of the listing activity took place on Bruce Street, on the southern side of the Mona Vale Golf Course.
It's been a hive of listing activity, as agents tried, and tried again to sell their prestige offerings.
An original renovated 1920s cottage - the home of Golden Slipper-winning horse breeder Bettina Thompson who was off to Palm Beach.
The three-bedroom, two-bathroom beachhouse features a saltwater infinity pool, outdoor decks, lawns and a courtyard overlooking Warriewood Beach. It was architects Jim and Belinda Koopman who were commissioned to restore the 1920s cottage, which boasts original jarrah timber on its 512-square metre oceanfront allotment. The property has been showcased in television commercials.
The property last sold in 2006 for $3 million and before that, in 2004, for $2,316,000.
Jillian McGrath from McGrath Estate Agents has listed the property with $3.6 million-plus hopes. It's been listed since April.
A Tuscan inspired oceanfront property listed with $4 million plus hopes has been sold at $3,635,000 to the Porra family.
Located at 1 Bruce Street, the property (pictured below) featured four bedrooms and two bathrooms.
Situated on a 649-square-metre parcel of land, the property has direct access to Warriewood Beach through a local reserve.
The property, last sold in 1987 at $339,000, however it was listed in 2009 seeking $6 million plus.
With a 22-metre beachfront reserve frontage, 17 Bruce Street is also up for grab having last sold for $3.5 million in 2007.
When the 1950s property was first listed, it had expectations of $4.95 million with a subsequent revised price hope of $3.8 million plus.
Bruce Street's highest sale price was $4.575 million in 2010.
