The Central Coast house price record was set at $16.2 million in 2022 by the luxury Wagstaffe weekender Agave of on-the-run businessman Bill Papas. It was sold to a mystery buyer fronted by the accounting firm AGEIS.
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It was relisted six weeks ago with $16 million hopes, but is yet to sell.
While the Central Coast has long had a reputation as the poor cousin to well-heeled Palm Beach, that is increasingly difficult to justify, given the many billionaires and corporate heavy hitters who own there.
Ad man John Singleton and former used-car dealer Tony Denny are both Killcare Heights locals, although โSingoโ is currently selling his Panamuna Pavilion following the end of his marriage to Sarah Warry.
Singleton sold his stud at Mount White, Strawberry Hill, a year ago for $23.25 million to Coolmore boss Tom Magnier.
Billionaire and Atlassian co-founder Scott Farquhar has owned at North Avoca since 2010, and bought a second beachfront house in 2022 for a record at $10.85 million.
MacMasters Beach cracked the double-digit millions last year when Mohammad Khajeh, a co-director of gaming consultancy Data Processors, bought for $13.5 million.
And Pearl Beach is often regaled as the most-coveted holiday spot, counting a slew of high-profile corporate types among its owners, including former Australia Post chief executive Christine Holgate, UK Fast Search co-founder Thomas Fussell, Rebel Sports co-founder Robert Gavshon and Orica chair Karen Moses.