Chris Hemsworth and Elsa Pataky’s mega mansion is complete – and the luxurious, opulent home has skyrocketed in price since the family moved in.
Originally estimated at $20 million, experts now say the LA-style compound, located in Broken Head near Byron Bay, is now worth $30 million.
Lloyd Edge, founder and Director of Aus Property Professionals and author of best-selling book Positively Geared, says that the market value has gone up since the couple bought and renovated the home four years ago.
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Flipping great: Chris Hemsworth and Elsa Pataky’s mega mansion (pictured) is complete – and the luxurious, opulent home has skyrocketed in price since the family moved in
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Woah! Originally estimated at $20 million, experts now say the couple’s LA-style compound, located in Broken Head near Byron Bay, is now worth $30 million
He tells Daily Mail Australia: ‘I estimate that in the current market the property could sell for up to $30 million’.
Mr Edge based his price on ‘a number of ‘comparables’, adding that it is, ‘how we try and estimate market value, along with current market sentiment.’
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He listed similar properties in the area, including a five-bedroom home at 35 Marine Parade, with private stairs that lead down to Wategos Beach and a heated infinity pool overlooking the ocean, which is worth $22 million.
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Pricey! Lloyd Edge, founder and Director of Aus Property Professionals and author of best-selling book Positively Geared, says that the market value has gone up since the couple bought and renovated the home four years ago
A smaller property in the area on Lighthouse Rd is valued at $9 million, while a yet-to-be-built home overlooking Main Beach in Byron Bay is worth $60 million.
He added: ‘Byron Bay and surrounding areas is now one of the hottest property markets in the country.
‘Hemsworth bought the property for $9 million but spent around $18 million building the mansion.’
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He tells Daily Mail Australia: ‘I estimate that in the current market the property could sell for up to $30 million’
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Hard work: Chris and his family began construction on the Byron Bay mansion, named Kooeloah, in late 2017. It was previously an eight-bedroom resort-style home
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Oops! Critics and locals were quick to say that the rebuild reminds them of a suburban shopping centre, a refurbished RSL club or a regional airport terminal
Aussie celebs at WILD New Year’s Eve party in Byron Bay
Chris and his family began construction on the Byron Bay mansion, named Kooeloah, in late 2017. It was previously an eight-bedroom resort-style home.
Critics and locals were quick to say that the rebuild reminds them of a suburban shopping centre, a refurbished RSL club or a regional airport terminal.
The 50-metre rooftop infinity pool alone is estimated to have cost at least $400,000, an enormous indoor mural could be worth as much as $100,000 and the landscaping bill would reach $500,000.
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Sydney builder Jason Natoli said: ‘It’s been built like resort-style accommodation. You’ve got an infinity pool with a spa, five bedrooms with five en suites, a large indoor-outdoor kitchen, a four-car garage’
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He added: ‘There’s a cinema room, massage room, sauna room, steam room, games room with a bar. There’s also a mud room – I’ve never heard of that before’
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Lush: There is also a gymnasium, butler’s pantry, fire pit, change rooms, outdoor play area for the three Hemsworth children and walk-in wardrobes attached to four of the bedrooms
Formwork and concrete for the foundations of Fortress Hemsworth – known on architectural plans as ‘Project 657 BHR’ – will have set the couple back $1.5million to $2million.
For Sydney builder Jason Natoli, who specialises in luxury renovations, the most striking aspect of the new Broken Head landmark is its sheer size.
‘It’s ginormous,’ Mr Natoli said. ‘It’s been built like resort-style accommodation. You’ve got an infinity pool with a spa, five bedrooms with five en suites, a large indoor-outdoor kitchen, a four-car garage.
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Careful: Because the house is surrounded by bushland it was required to have its own 20,000 litre fire-fighting water tanks and extra access for Rural Fire Service vehicles
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Nice ride: Mr Natoli said he could not see any provision for landing a helicopter, one of Hemsworth’s favoured means of transportation
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Big! While the average floor size of a new Sydney home is now 186.3 square metres, the Hemsworth residence covers about 900 square metres internally
‘There’s a cinema room, massage room, sauna room, steam room, games room with a bar. There’s also a mud room – I’ve never heard of that before.’
Mud rooms, made popular in America, are secondary entrances used to store coats, shoes and items such as bikes, umbrellas and surfboards which are regularly carried in and out of the house.
There is also a gymnasium, butler’s pantry, fire pit, change rooms, outdoor play area for the three Hemsworth children and walk-in wardrobes attached to four of the bedrooms.
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Perfect! The couple had planned the house so that the huge glass windows and doors opened onto the rooftop entertaining area including the pool and surrounding bushland
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Oh dear: Not all locals have welcomed the size of Fortress Hemsworth
Because the house is surrounded by bushland it was required to have its own 20,000 litre fire-fighting water tanks and extra access for Rural Fire Service vehicles.
Mr Natoli said he could not see any provision for landing a helicopter, one of Hemsworth’s favoured means of transportation.
While the average floor size of a new Sydney home is now 186.3 square metres, the Hemsworth residence covers about 900 square metres internally.
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Hollywood incoming: ‘I thought Byron would be Noosafied but apparently it’s being Hollywooded,’ one wrote on Facebook last year. ‘Next level’
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Mr Natoli added: ‘You could say it’s an LA sort of mansion-style design. It’s a very contemporary LA-style, where everything is indoor-outdoor living’
The construction is technically only one-storey but the staggered floors make it appear to be multi-leveled.
Mr Natoli, whose Jcorp Construction renovated publicist Roxy Jacenko new $6.5million home at Vaucluse, described the Hemsworth home as an ‘LA-style mansion’.
‘It’s a gorgeous house,’ Mr Natoli said. ‘Technically it’s one level but it’s sort of stepped to make it feel as one.
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Pricing: Mr Edge based his $20 million price on ‘a number of ‘comparables’. He listed similar properties in the area, including this five-bedroom home at 35 Marine Parade, with private stairs to Wategos Beach and a heated infinity pool overlooking the ocean, worth $22 million
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Nice digs: A smaller property in the area on Lighthouse Rd is valued at $9 million (pictured)
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Woah! A yet-to-be-built home (pictured on the plan) overlooking Main Beach in Byron Bay is worth $60 million
‘You could say it’s an LA sort of mansion-style design. It’s a very contemporary LA-style, where everything is indoor-outdoor living.’
The couple had planned the house so that the huge glass windows and doors opened onto the rooftop entertaining area including the pool and surrounding bushland.
‘When it opens up it feels like the outdoors and indoors are all one,’ Mr Natoli said.
Not all locals have welcomed the size of Fortress Hemsworth.
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Fancy! The 50-metre rooftop infinity pool alone is estimated to have cost at least $400,000, an enormous indoor mural (pictured) could be worth as much as $100,000 and the landscaping bill would reach $500,000
‘I thought Byron would be Noosafied but apparently it’s being Hollywooded,’ one wrote on Facebook last year. ‘Next level.’
Another woman went further: ‘It’s obscene, greedy, flashy, vulgar opulence at its finest and has no place in the Byron I once knew and love.’
‘A sad sign of things to come due to greedy, unfettered development policy.’
But Mr Natoli said while the scale of the house was enormous the design was relatively simple.
‘It’s just a big box,’ he said. ‘There’s nothing too flashy. The only thing is it’s huge.’
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Lovely views: The property, about 12 kilometres out of Byron Bay, is on Broken Head Road and overlooks Seven Mile Beach
The property, about 12 kilometres out of Byron Bay, is on Broken Head Road and overlooks Seven Mile Beach.
A development application approved by Byron Shire Council estimated the cost of construction to be $18million.
Most of that money has gone back into the northern rivers community. The home has been built by Jason Stehn whose company Stehnbuild is based in nearby Bangalow.
Chris and Elsa live at the home with their children, India, 8, and twins Tristan and Sasha, 6.
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Family: Chris and Elsa live at the home with their children, India, 8, and twins Tristan and Sasha, 6
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