Shane Stedman

Ugg boot inventor and surf legend sells beach house

PHOTO: Shane Stedman and his son Luke take to the waves at Mona Vale Beach in a photo taken in 2016. Picture: Justin Lloyd Source: News Corp Australia

Aussies owe a lot to Shane Stedman, who is not only a legend in the surfing world, but also invented the iconic Ugg boot – a staple item in almost everyone’s winter wardrobe.

He also spent decades creating a beautiful beach house at 61 Hillcrest Ave, Mona Vale overlooking his beloved waves, which he bought in 1974, and sold on Sunday for $5.306 million.

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The house went to auction on Saturday in front of a crowd of 200, with six registered bidders and a price guide of $4.1 million.

A timeless design.

A timeless design. Source: Supplied

Two bidders took part and the property was passed in just over $5 million. After that, another two buyers emerged wanting to negotiate – so then there were four parties vying for the property.

On Sunday, a deal was struck with a buyer’s agent acting on behalf of an expat family still based abroad. The home will become their main residence when they return to Australia.

READ MORE VIA NEWS.COM.AU

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