The sale of part of Marara estate in Avalon Beach has left locals intrigued. After 13 years on and off the market, the property, owned by Mortgage Choice co-founder Peter Higgins, was finally sold in April.
However, the identity of the new owner remains a mystery, adding an air of curiosity to this long-awaited transaction. Higgins retained the original homestead and boat shed on a 4,260-square-meter block. Another 8,339-square-meter portion, complete with its boat shed, fetched around $40 million. Yet, the buyer’s identity remains undisclosed, sparking speculations within the community.
Rumours link the mysterious buyer to engineer-turned-property developer Sammy Soliman, known for his work on the Verona cinema in Paddington. Though unconfirmed, this association adds to the intrigue surrounding the sale.
Plans for a new house with an office pavilion overlooking Pittwater, designed by local architect Mark Hurcum, have been submitted under Higgins’ name due to delayed settlement terms. The Northern Beaches Council holds the pending development application.
Marara’s history dates back to Higgins’ 2004 purchase from the estate of gynaecologist Meg Mulvey, widow of the late gynaecologist Sir Herbert Schlink. The property, acquired by Schlink in 1930, bears a rich historical legacy.
The estate’s name, Marara, originates from Dr. James Elliott, who commissioned a cottage in 1917. Elliott named it after the flying fish, ‘Marara,’ which fascinated him in Careel Bay’s waters.
Among Sydney’s top 10 luxury sales, Marara stands out. While other waterfront properties dominated the list, with sales in Bellevue Hill, Point Piper, Vaucluse, and Tamarama, Marara’s sale remains a topic of local interest.
Residents eagerly anticipate the reveal of the estate’s new owner. The historical significance and allure of Marara continue to captivate Avalon, making it a focal point of intrigue within the community.
Published 29-December-2023
