Chili Peppers bassist Flea sells NSW south coast hinterland farm at a loss but keeps his beachfront

Chili Peppers bassist Flea sells NSW south coast hinterland farm at a loss but keeps his beachfront
Jonathan ChancellorNov 24, 2011

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The far NSW south coast hinterland retreat of Michael "Flea" Balzary from the Red Hot Chili Peppers has been sold.

But its $1.4 million sale price represented a significant loss on the $1.795 million paid in 2004. The beef cattle farm with four-bedroom homestead had been initially listed late 2010 with a $2.1 million asking price.

Koorabel Park is  a 218-hectare property located in the Mogendoura Valley, approximately 10 kilometres from the town of Moruya on the south coast. The property has a substantial homestead plus a studio and garden shed. Its outbuildings include two sheds, which were once part of the old Mogendoura Cheese factory. There are also cattle yards with full crush and also a very old slab barn. It comes with the Mogendoura Creek flowing through the property.

Balzary retains a beachfront property at Congo on the far south coast, so the Melbourne-born muso might still be spotted busking with friends outside the Moruya markets.

"Chances are, I'll end up living there permanently," Flea advised a few years back.

It was 1967 when the four-year-old moved from Melbourne to New York when his father, then a customs officer, was transferred. His dad later returned to Australia alone, where he now lives on the outskirts of Canberra.

Koorabel Park was listed through Lilian Brindley at Moruya Tuross Real Estate. The neighbouring Clouts Road farm, Coolooli, a 180-hectare holding, remains listed with a $1.69 million asking price through Raine & Horne Narooma agent Penny Cope. It’s the original 100-year-old home of the Clout family set at the end of Mogendoura Valley.

Flea also recently sold a home in Malibu, California.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.