Developments

Byron Bay boutiques on the market

Two luxury Byron Bay resorts are up for sale.

Boutique hotel Rae’s on Wategos Beach has been put up for auction on 26 October by entrepreneur Vincent Rae.

Rae’s has seven individually styled penthouses and suites and a 60-seat restaurant and is acclaimed for being selected by Conde Nast Traveler magazine in its Top 25 Hotels in the World. Its guests have included Harvey Keitel, Gwyneth Paltrow, Kate Winslet, Tom Cruise, Meg Ryan, Russell Crowe, Keith Richards, Pink, Elle Macpherson and Nicole Kidman.

The historic Byron Bay farmhouse, Koreelah that was built in 1905, has been put on the market for $5 million by the current owners, developers James Dawson and Anthony Pangallo, who renovated the old homestead into a resort substantially but maintained many of its original features.

It was originally owned by the Raywards, one of Byron’s oldest families, and has only had one other owner.

The luxurious home features five bedrooms, one with its own kitchenette, and two bathrooms, including an outdoor bath.

It is being marketed by Nicolette van Wijngaarden at Unique Estates through an expressions of interest campaign which closes on October 31.

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