NRL legend Paul ‘Fatty’ Vautin and wife Kim have snapped up a newly renovated luxury home in Mermaid Waters for $2.96m — leaving change to spare after the long-awaited sale of their oceanview penthouse.
The former Footy Show host and match commentator sold the apartment in Mermaid Beach for $3.25m in October 2022 and recently settled on the purchase of a four-bedroom, three-bathroom house just a few streets over the highway.
The Vautins had originally listed their two-level penthouse with a private lift and rooftop terrace last February with $4m-plus price hopes, amid plans to build a dream home.
“Kim has always wanted to build a house,” the TV star said at the time.
“So we’ve decided to sell this, bank the money and then take our time to look around for something else.
“Whether we find an old home, knock it down and rebuild, we don’t care, we just want to have the time and space to do a good job,” he said.
But with the construction industry hit by ongoing price rises and labour shortages, demand for prestige ready-to-move-into real estate remains strong despite the market downturn
Their new home, a contemporary two-storey home on a 684sq m dry block, was marketed by Guy Powell, of Harcourts Coastal.
Vendors Kimberley and Kyle Bate had undertaken a complete renovation over about 12 months after purchasing the late 1970s-built home in 2018.
The home showcases coastal style, with a bright white palette and timber accents, while eye-catching finishes include designer tiles and wallpaper along with coloured feature walls.
Vaulted ceilings crown light-filled open-plan living spaces, while generous timber decking opens onto a landscaped backyard complete with magnesium pool and spa.
A modern kitchen extension with a butler’s pantry was added from the lounge area.
Bedrooms are located on the first floor, including the master with its large walk-in wardrobe, on-trend ensuite and balcony.
Despite dropping their asking price, the Vautins profited $1.45m from the sale of their penthouse, which they’d bought 13 years earlier for $1.8m
Property records show they retain a Merrimac home, bought in 2013 for $365,000.
Vautin played rugby league for the Manly Sea Eagles and Sydney Roosters then hosted Channel Nine’s The Footy Show for 23 years until 2017.
Article source: www.realestate.com.au