Dreams for sale
A roundup of the nation’s most unique and desirable open inspections, including this historic $4.5m+ Byron bungalow.
“It had been tied up in a will that restricted it from being sold for 25 years,” says Pangallo. “When the owner finally resolved it and was able to sell, it was in a pretty bad way.”
The property is surrounded by impressive hoop pines and offers sweeping views of the coast. “When we first drove up the driveway to take a look at it we fell in love with it instantly,” he says. He had just bought another property, so funds were tight. But the vendor, Eileen Rayward, offered to cover the shortfall in finance in return for the home’s restoration – and so, in 1998, the property was sold.
Eileen, the granddaughter of Wareham, had grown up in the home. In 2015 she was to celebrate her 100th birthday there surrounded by friends and family, but died two weeks shy of the milestone. Instead, Pangallo hosted Eileen’s wake.
The first bananas, mangoes and grapes introduced to the area were grown on Koreelah. “The intention was to try to grow anything and everything on the farm,” says Pangallo. “They brought Indian labourers out to help manage it and planted seeds they brought with them.” The orchard still produces fruit such as jackfruit and guavas on the slimmed-down 4ha property.
For almost 20 years Pangallo has worked with Byron Bay tradesmen to restore the five-bedroom home. It has been refurbished inside and out with a new kitchen and bathrooms, and luxury features and finishes. A 16m saltwater infinity lap pool overlooks the gently sloping paddocks and spring-fed dams, and a large garage workshop, sympathetic to the house and portico, has been added.
“The original owners could never afford to finish the house properly, so features such as the stone columns with their rough concrete had never been completed,” Pangallo says. “We knew the design was heavily influenced by Frank Lloyd Wright, so we went to look at homes in Chicago to see how they were finished. We employed local stonemasons who spent six months putting stonework up in keeping with what the original architect would have wanted.”
The house is a four-minute drive from the centre of Byron Bay and can accommodate 10 people. It has proved a popular holiday rental, returning almost $225,000 for about two-thirds of the year.
“It’s an amazing property but it’s simply too big for us,” says Pangallo. “We’re moving next door because we love the location. It’s so private, you can hear the surf breaking at night. You have the same postcode as Byron Bay yet no one knows it’s here.”
Skinners Shoot, 4km southwest of Byron Bay, has a population of less than 300, exceptional views and privacy. Median house prices in postcode 2481 were $1.14 million at the end of June, compared with $870,000 in the Byron Bay local government area.
Address: 284 Skinners Shoot Road, Skinners Shoot, NSW