Susie ONeills Cabarita Beach holiday home sells for $3 million

THE NSW north coast Cabarita Beach holiday home of swimming great Susie O’Neill and her doctor husband Cliff Fairley was passed in at auction yesterday, but sold soon after at $3 million to a Singaporean-based expat.

The Olympic gold medallist bought the two-storey, four-bedroom beachfront house in 2003 for $2.3 million.

The house has been earning around $25,000 annually as a holiday rental. Christmas rentals secure about $3200 a week, while off-season sits at $1700 a week.

It would achieve $700 to $750 per week on a permanent rental basis.

Lorna Savage and Brent Savage of LS Properties had the Cypress Crescent offering, having secured $2.95 million early last year for a pole home a few doors away.

The agent said the astute purchaser may choose to maintain this bit of “Caba history” or build their architectural dream home.

The 607sq m property has a wide veranda overlooking the beach as well as a modern kitchen and two bathrooms.

The golden girl of swimming said it was intentional for the holiday house not to have a pool, with the house just metres from the sand.

O’Neill said the decision to sell was a difficult one for her family, but with a busy growing family and many sporting and extra curricular commitments in Brisbane, they were not using the house much.

“It’s time for another family to get the same enjoyment,” she said.

The quiet lifestyle and village feel appealed to the mother-of-two from Queensland, who was once called Madame Butterfly.

“When the kids were young we would spend a lot of long weekends there and most of our holidays enjoying the beach lifestyle, nippers and surfing,” she said.

Two vacant blocks are for sale next to the surf club through Mason Garten at Coastal Real Estate priced from $2.575 million.

The O’Neill buyer is understood to have recently holidayed at the nearby boutique hotel Halcyon House.

Originally published as Susie O’Neill’s Cabarita Beach holiday home sells for $3 million

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