Zimmerman founder sets new price record for Bondi home
Simone Zimmerman has set a new home price record for Bondi, and she didn't even need to take out a mortgage.
The fashion guru and founder of Zimmermann has splurged $30 million for her four-bedroom, three-bathroom home just moments away from the iconic Bondi Beach.
“This ocean front executive residence is tucked away in a quiet street only moments to the iconic Bondi Beach and all it has to offer,” the listing for the beachside home read.
According to property records, the home - which is located just behind the popular Bondi to Bronte walk - last sold for $5.75m in June 2008.
The fashion mogul is reported to have bypassed local real estate agents, purchasing the home directly from a local investor.
No major changes have been made to the home since, but prior to Zimmerman's purchase it was being rented out at $4,400 per week.
According to PropTrack the median house price for Bondi is around $3.75m, which went up by 4.7 per cent over the past year.
The stunning home features 4 double bedrooms, all with large built-in wardrobes and a separate study perfect for the business-woman.
It also has a gourmet kitchen with a stainless-steel benchtop and large open dining room.
The lounge room opens onto a large deck with beautiful ocean views and plenty of natural lighting.
This comes after the luxury womenswear label sold a majority stake in its company to private equity investors in August last year.
Sisters Simone and Nicky Zimmerman are founders of the brand, which initially began as a stall in Sydney’s Paddington market, before the sisters opened their first local shop in Darlinghurst.
It now operates across 58 global destinations in the USA, UK, Europe and China, with the sisters now having an estimated net worth of around $1bn each.
Images: Realestate.com.au