Lachlan Murdoch and the home on Sydney Harbor (Getty, Private Property Global)
Lachlan Murdoch, the son of billionaire media mogul Rupert Murdoch, has purchased a small home on Sydney Harbor for around $29.8 million.
The Piper Point property’s value is largely because it has 131 feet of frontage on unusually deep water, according to the Los Angeles Times. That means it can accommodate large yachts.
The property has two docks and four moorings for that purpose, making it one of the area’s largest privately owned marina facilities attached to a home, according to Forbes Global Properties.
For that, it appears Murdoch paid the full asking price for the roughly half-acre property.
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Developer John Price plans to open a gas station in western Goleta at the site of a car wash and near the former Zizzo’s drive-thru coffee shop. (Joshua Molina / Noozhawk photo) By Joshua Molina, Noozhawk Staff Writer | @JECMolina
April 22, 2021
| 10:24 p.m.
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