Bill Papas sets Central Coast record as holiday home sells for over $13.5 million

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Alleged fraudster, Bill Papas, has set a Central Coast house price record after liquidators sold his luxury Wagstaffe property for more than its $13.5 million guide, The Sydney Morning Herald reports.

This isn’t the first time the property has set a record for the Central Coast – it made history when it sold to Papas for $9.5 million in 2020.

READ MORE: Record price expected for Bill Papas’ waterfront holiday home.

The Hamptons-style, seven-bedroom residence is set on 2188 square metres and features a sandy beach, a swimming pool, boat shed, shared jetty and a mooring.

One of the seven bedrooms at the Wagstaffe property.

Papas’ other holiday home on Bulkara Street in Wagstaffe is also expected to hit the market in coming weeks with a $9 million price tag.

READ MORE: Greek authorities confirm Bill Papas owns Xanthi FC.

The majority of Papas’ Forum empire was placed into liquidation last year amid allegations in a civil proceeding brought by Westpac and two other lenders, Sumitomo and Société Générale, that Papas had presided over a $500 million fraud on the business.

Source: The Sydney Morning Herald.

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