Ex-Gribbles CEO sells waterfront Brighton mansion

The Camerons purchased 27-29 Kent Avenue two years ago.


Retired Gribbles chief executive officer Wallace Cameron and his wife, Joan, have sold a waterfront Brighton mansion a week after being advertised.

The Kent Avenue home occupies a double block.

The Kent Avenue home – one of 52 waterfront dwellings in the suburb’s revered Golden Mile – is speculated to have sold for $24.5 million.

The pair paid Antoinette (Toni) Zagame, the wife of late pub investor Victor, $25m in 2021 – a price which smashed the suburb record by $5m – a title held until last November when the Barlow family sold 39 Seacombe Grove for c$31m.

The city skyline view over Elwood Beach, from 27-29 Kent Avenue.

JP Dixon’s Jonathan Dixon and Angie Swindon brokered the Kent Ave deal.

The Camerons have also recently been trying to sell a renovated Portsea home – 198 Franklin Road – with c$9.4m hopes.

The contemporary home was once owned by Victor Zagame.

Another Golden Mile waterfront sale

At 27-29 Kent Ave, the outgoing Cameron home contains five bedrooms, six bathrooms, a home office, library and four car garage – all up, 1150 square metres.

Covering 1217 sqm, the double block also offers postcard water and city skyline views.

The sale, driven by a health issue affecting one of the vendors, comes five years since the Camerons sold nearby Shannagolden at 12 Moule Ave, also on the waterfront, to retired businessman Julius Colman and his wife, Pamela, for $18m, a price which also set a then-Brighton record.

In 2021, meanwhile, Patricia Ilhan offloaded a 1727 sqm block adjoining her Seacombe Grove home, to builder Ross Voci, for $20m, who flipped it 15 months later to MyDeal founder Sean Senvirtne for $22m (story continues below).

The Kent Avenue home contains six bedrooms.

There has been no deal yet for the Terry family, however, which has been trying to divest the unrenovated Teychel, at the corner of Moule and Seacombe, for over a year.

It now carries price hopes of $39.9-$43.89m – a drop on the initial $46m-$50m guide.

A little further north, meanwhile, but still on the Golden Mile, former Australian cricket captain Ricky Ponting and his wife, Rianna, are this month speculated to be banking about $15m for their outgoing 1920s family home, Shandford.

While not waterfront, the title contains a laneway offering direct beach access across the road.

The pair paid $9.25m a decade ago before renovating.

They will move to a c$20.75m Toorak home acquired in March from packaging executive Alex Commins and his wife, EY partner, Nicola.

Mr Cameron banked $121m selling his Gribbles stake in 2004.

The businessman and his wife also once held Mt Macedon’s historic Sefton.

More to come.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.