Gorse Hill sale exceeds asking price of €8.5m
Gorse Hill has sold for more than its asking price of €8.5m.
Independent.ie can confirm that the lavish family home, which was formerly owned by solicitor Brian O’Donnell and his wife Mary Pat, exceeded its asking price in its sale.
An estate agent for Sherry Fitzgerald told Independent.ie that the figure of €9.5m, reported by the Irish Times, is "speculation" and the exact figure that it sold for cannot be disclosed.
The buyer's information also remains private.
The agent said that there was "competitive interest" in the property and the contracts were signed "four or five weeks ago."
"The completion of the sale is imminent," they added.
Two years ago, the 10,200sq ft mansion on Vico Road was the subject of a steady stream of court hearings and appeals as the O’Donnell family battled to hold onto Gorse Hill, despite owing more than €71m to Bank of Ireland.
Bank of Ireland had applied to have the couple declared bankrupt after they failed to satisfy a judgment for €71.57m obtained against them.
The judgment was obtained by BOI in December 2011 after they failed to repay loans advanced by the bank.
The case received much media attention as journalists and cameras pitched themselves outside Gorse Hill’s gates for several weeks, until the O’Donnells’ final appeal was dismissed in October 2016.
The property was originally built in 1926, and purchased by O’Donnell in 1997 for £1.055m (the equivalent of €1.34m), who renovated Gorse Hill into a luxury home for his wife, Mary Patricia, and their children, Bruce, Blake, Blaise and Alexandra.
Four of the home’s six bedrooms offer breathtaking views of the sea and each are fitted with their own en-suite . The property has its own personal gym and a sauna.
The outdoor pool, once a stand-out feature of Gorse Hill, has been covered over with decking, but the property’s tennis court remains intact.
Gorse Hill’s ornate dining room is a dream spot to host dinner parties, and can seat up to 14 people, and the home's kitchen has had a blue revamp, with a focus on the wood-topped island in the centre.
Because of the home's elevated position, the property enjoys uninterrupted views of Killiney Bay. The gardens also contain a good-sized summer house and a large paved terrace, which links directly to the kitchen to make al fresco dining that bit easier.
While the views are spectacular, there might be other stars to contend with as Gorse Hill’s neighbours include Bono and The Edge, as well as Van Morrison.
The home has been given a bit of a lift ahead of its entry to the market, with plush new carpets, white paint and contemporary fittings.
Gorse Hill was placed on the market this year for €8.5m through joint agents Sherry Fitzgerald and Knight Frank.