The Adler’s Vaucluse home is hitting the market.
RODNEY Adler is selling up in Vaucluse, with the family deciding not to see out its $5.2 million renovation plans — which are before Woollahra Council — in favour of downsizing.
The former FAI Insurance chief executive told the Wentworth Courier last Friday: “Lindy and I have been reassessing our requirements.”
The luxurious six-bedroom, 6.5 bathroom Olola Ave property has been the family home for 16 years to Mr Adler, his wife of 31 years, Lindy, and their children Jason, Romi, Natalie and Charlotte.
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The sunroom looks out to the pool.
Take a walk up the leopard print stairs.
He has listed with LJ Hooker Double Bay supremo Bill Malouf with a price guide of $16.5 million, encouraged by Mr Malouf’s recent quick sale in the street — the home of Reddam House founder Graeme Crawford and his partner Ian McLeod to finance man Andrew Griffin. “The Vaucluse market is very hot at the moment,” Mr Adler said.
“I said to Bill, ‘What do you think? He’s just sold the house up the road, which is roughly the same size … and that went for $17 million.
“Bill said: ‘Why don’t you give it a shot?” The home is on a 2100 sqm block and comes with a pool and tennis court. “It’s a great house; it’s a lovely house,” Mr Adler said.
Rodney and Lindi Adler.
The living room with grand piano.
Sunbake in style.
There’s also a guesthouse with a bedroom and bathroom above the garage that accommodates three cars.
“It’s perfect for anyone who has young kids who want to make a life living in Vaucluse.”. Such was the Adlers’ situation back in 2002 when they bought the home for $6.5 million, three years before Mr Adler was embroiled in legal proceedings around the $5.3 billion collapse of HIH Insurance.
A non-executive director of HIH, Adler pleaded guilty in 2005 to a range of charges.
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Despite media speculation about the Adler’s marriage, it’s understood the couple plan to downsize together.
“It’s a big house, and doing the renovation over 12 to 18 months is a big commitment,” Mr Adler said.