A descendant of the Redback Boot company, Mark Cloros has dropped the price on his million-dollar Palm Beach home in Sydney.
His home, located on Iluka Road in Palm Beach, was initially on the market for $20 million, however Mr Cloros is now seeking $18 million.
After being bought in 2021 from furniture retailer, Anthony Scali for $11 million, the 1940s property was extensively renovated by Mr Cloros.
The resort style home is a four-bedroom, three-bathroom home, set on 563 square metres.
Mr Cloros, the fourth-generation boot maker, has now got the property scheduled for auction on Thursday, February 22.
Following the auction, Mr Cloros plans to travel to the Mediterranean and spend some time on the island of Kastellorizo, where his family is from but where he has never been before.
Source: The Australian.
