Sydney house prices: Palm Beach trophy sale sets 2024 peninsula record as Frank and Amber Elsworth’s Karala estate sells for between $25 million and $27 million

– has sold for a price of between $26 million and $27 million. That is the highest figure paid on the holiday peninsula so far this year.83 Pacific Road, Palm Beach, has sold for the highest price on the exclusive peninsula so far this year.

Although the Pacific Road home has achieved a 2024 Palm Beach high, it is understood to have sold for about the same price the couple paid for it a little over two years ago.in March 2022. That was at the height of the pandemic-induced property boom. During that period, discretionary holiday markets such as Palm Beach climbed to dizzying new heights.peaked in January 2022 at $4.34 million. The current median is down about 20 per cent from peak levels to just under $3.5 million last month..

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