Adam Gilchrist of F45 ends grand freshwater housing play amid $8 million hopes

If there is a poster boy for the housing boom of recent years, Adam Gilchrist, co-founder of F45, will have to be a contender thanks to the rising real estate plays. Take, for example, his record $18.8 million home purchases in Byron Bay, $20 million homes in Freshwater, and more than $16 million of beachfront properties in Lenox Head.

Even his first foray into the prestige market caught the attention of locals in 2017 when he bought a California bungalow in an unseen freshwater landscape for $5.4 million – $1.3 million over the reserve.

Adam Gilchrist’s three-bedroom home from Freshwater Beach has been updated and painted since it was last traded in 2017 for $5.4 million.

But 2022 was a different experience. The stock price of its Nasdaq-listed fitness chain has plunged since it floated at $17 in July last year to $2.25 this week, and its rugby league team L.A. Giltinis was recently expelled from Major League Soccer, and has resigned. As CEO, 110 of his F45 colleagues have also lost their jobs – although in his case a handshake worth nearly $10 million is on his way out.

With Gilchrist’s whereabouts making headlines amid the F45 stock price slump, he presumably has been in contact with Michael Clarke of Clarke & Humel and Cherie Humel from somewhere in the world since they launched one of his freshwater homes on the market this week for more of 8 million dollars.

The 400 square meter property will be auctioned on October 22nd.

The 400 square meter property will be auctioned on October 22nd.

None of the agents would comment on the listing, but on display was the bungalow Gilchrist bought in 2017 amid plans to demolish and rebuild as a larger residence, only to return those plans when he bought next door for $14 million saying he wanted to knock it down. Instead to make room for a pool.

Adam Gilchrist, a F45 member of the New York Stock Exchange, floated the fitness franchise in July of last year.

Adam Gilchrist, a F45 member of the New York Stock Exchange, floated the fitness franchise in July of last year.attributed to him:Noam Galay

Despite the grandiose plans, both houses are still standing. The $14 million home was sold last month for what sources say was $14.2 million, resetting local record books but failing to recover the $600,000 stamp duty. Freshly painted and designed before October. 22 public auction.

In nearby Manly, the Fairy Bower housing market is still proving to be a Piper of the Northern Beaches based on the recent home sale by Amanda and Scott Luckett, head of the bean office at Australia’s only University of Torrens.

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