Alan Jones offloads farm home for less than expected
After a seven-month campaign, Alan Jones’ farm in the NSW Southern Highlands has finally sold, and is believed to have resulted in a smaller profit than initial hopes.
The home was sold for an undisclosed price by Liam Griffiths of Inglis Rural Property to a buyer on a walk-in, walk-out basis, meaning that extras such as furniture are included in the sale.
However, it is understood that the property sold for less than the initial desired price of $16-$17.5 million, per Domain.
First listed in April this year, Griffiths took over the listing in October with a price range of $15 to $16 million.
Jones has owned the property, known as Elizabeth Farm and Charleville in honour of his parents, since 2003 and has commissioned a major redesign that saw the two main residences link up with a mutual courtyard, creating a ten-bedroom home.
Out of a total of 25 bedrooms, Jones has resided in a two-bedroom wing with a formal and informal living and dining room, a central living room and a home office, while his niece Tonia Taylor and her family have lived in a wing with eight bedrooms, a rumpus room, and central living and dining room.
While the home was recently marketed based on its equestrian facilities, it also boasts a tennis court and pavilion built for Taylor and her tennis coach husband, as well as a separate two-bedroom caretaker’s cottage, and a “hootenanny” shed.
The property also features landscaped gardens, a private natural forest called Wombat Woods, life-sized elephant and giraffe sculptures, and an ornamental lake and island with dyed water.
With the sale of the Fitzroy Falls farm, Jones’ portfolio consists of his Circular Quay apartment purchased for $10.5 million in 2017, as well as his riverfront home in Southport, which he paid $12.25 million for in 2021.
Images: Getty Images, Inglis Rural Property