Bullish sale for down-and-out former world title contender.
The one-time world title contender and Olympic bronze medallist Owen Wright, who was dumped from the world tour one month ago following a series of shock results, has achieved redemption of sorts after selling one of his luxury Byron Bay villas for $6.5 million.
(The Big O was made real sad by the mid-tour cull, telling the Lipped podcast “It failed the first time and it’s failing again. I’d love for it to never happen again in the future… I don’t know how it’s gone ahead. Every time it gets brought up it gets brushed under the carpet.”)
A little over three years ago, Owen paid a pretty wild $5.1 million for an unremarkable beach shack at 2 Daniels Street, a few hundred metres from The Pass in Australia’s Bryon Bay.
It wasn’t Owen’s first property play; he’s been buying and selling up and down the coast for the last decade.
You’ll remember the $1.6 million house at Lennox Head with its indoor swimming pool that meandered through the living room, the Federation-style house in Byron Bay (a little under a million), the beachfront townhouse at Thirroul (675,000) and the gorgeous mountain-top hideaway (bought for 750k, sold for a million).
Owen, of course, didn’t see a charming wooden home he might squeeze his little family into post-tour, he saw…land, half-an-acre of prime Byron Bay dirt right in the middle of the joint’s biggest ever boom.
Owen, along with developer Burke Urban, built four luxury villas, keeping one apiece, and put the other two on the market.