IT’S back to business for the ‘$100 million agent’ Ken Jacobs in the wake of Australia’s most significant property purchase.
After such a successful sale, many of us would consider taking time out on a tropical island, but the hard working agent from Christie’s International Real Estate had other ideas.
Jacobs has recently listed Tamarind Beach, a stunning 2ha estate in Vanuatu, which includes a main residence and two guesthouses.
The glamorous getaway has an asking price of $AUD5.3 million, a ‘modest’ amount compared with Jacobs’ other mammoth sales.
Just last month Jacobs sealed the deal on Fairwater, a landmark harbor-front residence in Sydney’s eastern suburbs for ‘around’ $100 million.
The high profile agent, who also sold the nearby waterfront mansion Elaine in 2017 for $71 million, has not confirmed the exact ticket price of Fairwater. Whatever the final figure, give or take a million (or two) and the prestigious pile still is the priciest home ever to sell down under.
Alongside some of Jacobs’ Australian listings, Tamarind Beach may seem like a steal at ‘just’ $261 a square metre.
Only a 15-minute drive from the capital of Port Vila and a four hour commute from Sydney International Airport, this picture perfect island home is an Instagrammer’s ultimate location with designer interiors, walled tropical gardens and a private white sandy beach.
This beautiful beach retreat is next level luxury with gardens created by renowned landscaper Annie Wilkes and accommodation designed by the acclaimed Iain Halliday of BKH architects.
The main residence, Tula, was built by a former French resident in the 1980s, shortly after the Anglo-French condominium of the New Hebrides became the Republic of Vanuatu.
Now fully renovated and extended, there are two bedrooms, a loft and a dining pavilion. The other cottages, Tamarind and Toa, each have two-bedrooms and have been leased out as high-end holiday rentals over the years.
Owners Elizabeth Jones and Michael Hall bought the property about 15 years ago on a leasehold (as is all residential property in Vanuatu) but they said ownership is flexible.
“The leasehold is 75 years, but the lease can be extended (for a fee) at any time,” Ms Jones explained.
Jones, who owns the popular clothing boutique Arida in Potts Point, and her husband, have been using the property as a getaway for their extended family.
“It is currently used as a private family retreat and selected rentals of the two beach houses,” she said.
“It has immense potential as a high income earning retreat as it is, or could be further developed with additional villas throughout the 5 acre area,” Jones added.
Compared with other local Paradise Cove homes, Jones described her slice of heaven in the Pacific as ‘superior’ and added that it is a ‘gem in the crown’ of local listings.
The estate has snorkelling, scuba diving, paddle boarding and kayaking possibilities right on its doorstep and is a short walk to the local village markets and eateries. For anything further afield there is a helipad on site for a quick getaway.
Australians who see the tropical paradise as a cheaper alternative to the pricey multimillion-dollar glamour pads in the Byron Bay hinterland or on the Mornington Peninsula.
“Buyers for this type of property tend to primarily be motivated by lifestyle so it is more a case of securing the property and location most suited to their stage of life and specific preferences,” Jacobs said of these types of offshore investments.