PHOTO: Anthony Scali has bought another Palm Beach weekender, this time on the quiet for $9 million. Photo: Ben Rushton
Anthony Scali, the managing director of furniture retail giant Nick Scali, has bought a waterfront Palm Beach weekender for $9 million, making it his third family holding on the waterfront of prized Iluka Road.
The Scali family first emerged on the street’s property paper trail in late 2013 when his son Elliot bought the Walter Barda-designed residence on Snapperman Beach for $7.5 million from property developer Denis O’Neil, adding O’Neil’s boathouse and adjoining beachfront block six months later for $4.43 million.
Settlement records show Scali senior’s latest purchase is the long-held house of miner James Mitchell, who before he died in 2015 had owned the house since 1977, paying $72,500 with a mortgage to the late rugby league player “Albie” McAndrew.
The purchase comes after a protracted settlement that exchanged late last year, months before the COVID-19 pandemic and ensuing economic shutdown saw the Nick Scali share price tumble in late March to just $3.
