Bill Bursill's Rose Bay harbourfront house sells to a relative
{yoogallery src=[images/stories/september16rosebay]}
The Rose Bay harbourfront home of the late tourism industry entrepreneur Bill Bursill has been bought by a family member.
More than $16 million had been initially sought by Wayne Yates from Laing + Simmons Double Bay, but this was revised to $14 million hopes after a nearby $15 million Bayview Hill Road, Rose Bay sale provided contemporaneous comparative pricing during the marketing campaign.
The Bursill holding had a $13 million unimproved capital land value.
The family purchased the waterfront land in 1950 when it was being used as tennis courts. The 1950s house was built over two blocks, capitalising on its views down the harbour to the Harbour Bridge.
Having been predeceased by his wife, Valerie, Bill died in February this year, the day before his 96th birthday.
The house had been listed by his four children.
In the 1950s Bursill was instrumental in determining the site for a ski village at Thredbo, where his first Bursill Lodge was built out of a giant refrigerator cabinet bought at an Army disposal store. He also had another tourism lodge Rainbow Beach in Queensland, where his lodge, The Mikado, was established when nearby Noosa Heads was just a sleepy hamlet.
