Would You Pay $50 Million For This Coastal Bungalow In Sydney?
(Photo by Louie Douvis via The Sydney Morning Herald)
— 11 May 2023

Would You Pay $50 Million For This Coastal Bungalow In Sydney?

— 11 May 2023
Garry Lu
Garry Lu

Lang Syne, reputedly one of the greatest (and the most highly-coveted) land holdings in Sydney, has sold for approximately $50 million to a mystery buyer represented by Forbes’ Ken Jacobs.

Ordinarily, that sum would be an extortionate amount to cough up for a single-level house built in the 1920s, featuring ostensibly nothing more than four bedrooms, two bathrooms, and a home-built outdoor BBQ on the lawn. But as already alluded to by the opening sentence… this is no ordinary Californian-style brick pad.

Set upon the clifftops of Tamarama, elevated above the iconic Bondi to Bronte walk, this 1,100-square-metre parcel of oceanfront reserve with uninterrupted views reaffirms location is still everything in the real estate game. It’s to the point where words simply fail to capture the sheer breadth of what this coastal gem offers.

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lang syne sydney

The cherry on top? Given it’s flanked by no other properties, this secluded sanctuary also enjoys an enviable measure of privacy. Privacy, it’s worth noting, that’s seldom afforded to those who reside in the laidback bustle of Sydney’s Eastern Suburbs.

“It’s been a wonderful part of our lives for so long, and the sale marks the end of an era,” the Griffiths family, who have occupied the home for 63 years, expressed via statement.

Fun fact: Harry Griffiths, radio comedian and late husband of Lang Syne’s 82-year-old owner Dimity Griffiths, purchased the property for £9,750 back in 1959. The latter was represented by Cohen Handler’s Simon Cohen, meaning we can probably expect an episode of Amazon’s Luxe Listings Sydney dedicated to all this.

The sale of Lang Syne has not only set a record for the Eastern Suburbs or even Sydney. According to The Sydney Morning Herald, this transaction represents the most expensive of its kind in any oceanfront suburb across New South Wales (exact price is set to be revealed at settlement).

Note: odds on the yet-to-be-identified buyer being Atlassian’s Mike Cannon-Brookes?

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Garry Lu
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture. Drop him a line at [email protected]


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