PHOTO: Michelle Bridges. FILE
Michelle Bridges has invested a remarkable $6.25 million in a four-bedroom residence nestled in the upscale neighborhood of Rose Bay, Sydney.
The 52-year-old fitness icon, who spent the pandemic in the Southern Highlands, has returned to the bustling metropolis. According to a report from Realestate.com.au, her motivation for this move was to secure a property with a level yard and enhanced privacy, particularly for her seven-year-old son, Axel. A source cited Axel’s well-being as the primary focus of her decision to relocate. The move was also driven by lifestyle preferences, and Michelle is eagerly anticipating enrolling her son in a school in the city.
The home features multiple living spaces, two bathrooms, an outdoor entertaining area and swimming pool
This elegant abode features multiple living spaces, two bathrooms, an inviting outdoor entertainment area, and a sparkling swimming pool. Additionally, it is equipped with ducted air-conditioning, underfloor heating in the bathrooms, and a tandem garage.
https://propertynoise.co.nz/au/waterhouse-family-purchase-ends-five-year-campaign-to-sell-rose-bays-12m-villa-biscaya/
The location of the home is strategically situated between Bondi and the Rose Bay area, renowned for its wide selection of prestigious private schools. It’s worth noting that Michelle recently sold her Kangaloon property, albeit for $2.5 million less than her original asking price of $7 million.
https://propertynoise.co.nz/au/michelle-bridges-compelled-to-reduce-home-price-by-2-5-million-for-successful-sale/
Initially listed at $7 million in February, she later reduced the price to $6.5 million but faced challenges in securing a buyer. Subsequently, the property failed to find a buyer at a March auction, where it fetched only $4.825 million. The property was eventually entrusted to Ray White Bowral, with hopes of obtaining between $4.6 million to $4.8 million. Unfortunately, even this lowered price point didn’t attract a buyer, resulting in the final sale at $4.5 million. Despite this, Michelle Bridges still managed to turn a handsome profit on the property, as she had initially acquired it in 2018 for $2.7 million.
Furthermore, in 2020, Bridges sold her Potts Point unit for $6.4 million, an impressive return on her 2013 purchase price of $2.9 million.
SOURCE: THE DAILY MAIL