{"id":30867,"date":"2021-02-19T14:09:17","date_gmt":"2021-02-19T01:09:17","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=30867"},"modified":"2021-02-19T14:09:17","modified_gmt":"2021-02-19T01:09:17","slug":"mcgrath-exec-shane-smollen-sells-for-16-8m","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/mcgrath-exec-shane-smollen-sells-for-16-8m\/","title":{"rendered":"McGrath exec Shane Smollen sells for $16.8m"},"content":{"rendered":"

PHOTO: 10 Pacific Avenue<\/strong><\/p>\n

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The hot hush-hush news in Tamarama is the sale of McGrath non executive director Shane Smollen\u2019s $16.8m mansion, and Guzman y Gomez co-founder Steven Marks buying nearby for $14m.<\/p>\n

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Buyer\u2019s agent Frank Russo has announced on Instagram that he\u2019s secured a home \u201cdirectly across the road from Tamarama Beach\u201d off-market for repeat clients.<\/p>\n

It wasn\u2019t too difficult to establish that it was the six-bedroom, five-bathroom home with eight-car garage at 10 Pacific Avenue that Smollen had purchased for $6.45m in 2011, via Simon Exleton of McGrath.<\/p>\n

It already had its lap pool, but it\u2019s since had a dramatic architectural renovation.<\/p>\n

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\"The<\/div>\n

The lap pool is just one of the attractions. Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

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\"The<\/div>\n

The Pacific Avenue home was transformed in a renovation. Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

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\"Across<\/div>\n

Across the road from the beach, it has great views. Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

Russo wasn\u2019t commenting on the identity of his client beyond saying it was a young local family, nor the price (though that was confirmed by separate sources).<\/p>\n

Exleton and colleague Chris Volpatti were known to have been showing groups through the home before Russo introduced the buyer.<\/p>\n

McGrath announced Smollen\u2019s appointment in September last year alongside news of a significant turnaround in the company\u2019s fortunes.<\/p>\n

Smollen has been a leading property professional since 1983, having owned one of the country\u2019s leading real estate networks before selling it to McGrath in 2015.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n

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