F45 gym founder Rob Deutsch sold his beachfront mansion in Sydney ‘s glamorous eastern suburbs for just under $18million on Saturday.
The lavish property at Bronte which features a recreational centre, wine cellar and cocktail bar, saw bidding begin at an eye-watering $14million, before eventually ratcheting up to $17.7million.
A local family from Sydney’s east is believed to have secured the luxurious home, but their identity remains a mystery. Deutsch made a fortune – believed to be $67 million – when Hollywood movie star Mark Wahlberg bought into F45 as an investment in 2019
Mr Deutsch founded the popular global gym franchise in 2012 and struck gold when Hollywood star Mark Wahlberg invested in F45 three years ago.
The gym junkie made a reported $67million in the subsequent business deal.
He initially listed the Bronte property – which he bought for $11.2million in 2018 – just before Covid hit in early 2020, but swiftly pulled the home amid talk the market was about to plunge.
The former equities trader also purchased a block of flats on Campbell Parade in Bondi with a price tag of $20.56million two years ago.
It is believed Mr Deutsch planned to knock down the flats and build a family home.
However, sources say he has gone cold on the idea and has been spotted looking at family homes in nearby Bellevue Hill.
The decision to not demolish the Bondi apartments has paid off handsomely, as they were recently valued at $25million. Whoever the local family are that splashed out for Mr Deutsch’s mansion are sure to be the envy of their neighbours.
The three-storey luxury home features four bedrooms and a double-garage.
It comes with beach frontage, dual street access and full-home automation.
The lower level is decked out as a snazzy recreational centre which boasts a wine cellar, cocktail bar and a cinema. The huge kitchen is fitted with various gourmet applications while the master bedroom has an ensuite, a balcony and walk-in wardrobe. There’s a touch of the ‘resort’ in the home’s exterior, which features a mineral pool and pavilion in the north facing garden. The current top price for a Bronte property was the $25million paid for the designer home of advertising executive Maureen Kerridge.
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