F45 gym founder sells beachfront at auction

PHOTO: F45 gym

F45 gym founder Rob Deutsch has sold his Bronte beachfront home at auction this morning for a whopping $17.7m and a Luxe Listings Sydney star was there doing the bidding for the buyer.

F45 founder’s stunning three-level oceanfront Sydney mansion

With auctioneer Damien Cooley presiding, the Laing and Simmons Double Bay principal, D’Leanne Lewis, had opened the bidding for 12 Bronte Marine Drive at $14m and secured it at the end with a $150,000 knockout bid.

Alexander Phillips of PPD, Brad Pillinger of Pillinger and Ashley Bierman of Ray White Double Bay had been guiding $17.5m and Phillips said the result was “on the money … it’s about what he wanted”.

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Other sources, though, said the result was below today’s reserve.

Mark Wahlberg and F45 founder Rob Deutsch.

12 Bronte Marine Drive, Bronte, has sold for $17.7m at auction.

There were four registered, but just two competed. After Lewis’s opening $14m offer, the next bid was $15m.

Lewis countered with $200,000 more; her opponent came back with $800,000 taking it to $16m. The bids then bounced around a bit, with $200,000, $300,000, $50,000 and $100,000 all featuring.

None of the agents would reveal the identity of Lewis’s client, saying only it was a local family.

Deutsch had previously listed the property just before Covid hit in early 2020, but this time he had a motivation to sell.

The home was renovated after Deutsch bought the home for $11.2m in 2018.

The stylish kitchen.

In December 2020, he bought a block of flats at 56 Campbell Pde, Bondi Beach, for $20.65m, which he was planning to redevelop into a family home.

However, he’s now had a change of plan, and it’s back on the market with Raine and Horne’s Albert Sassoon and Ric Serrao with a $25m guide.

He’s now on the hunt for a family home closer to the harbour and is known to have been looking at several in Bellevue Hill.

Deutsch, who founded the gym franchise in 2012 (he stepped down as a director in June 2020 but remains a shareholder), had reinvented the Bronte four-bedroom residence with double garage since he bought it for $11.2m in 2018.