First published 23 Oct 2026, 5:21pm
94 East Point Rd, Fannie Bay, has sold for $10m. Picture: Supplied
Darwin’s iconic ‘Jim Beam House’ has sold for $10m to Territory mango moguls, smashing the NT residential sales record by millions.
Nino and Tina Niceforo, owners of Niceforo Farms and BlueHole Steakhouse, bought the sprawling residence at 94 East Point Rd, Fannie Bay, from Territory businessman John ‘Foxy’ Robinson, with the transaction going unconditional on October 23.
The $10m price tag broke the previous NT residential sales record of $8.5m, set in 2022 by the sale of the home and four granny flats at 108 East Point Rd.
The recent sale also smashed the Territory’s single-dwelling sales record, set in 2013 by the $6.5m sale of 6 Emery Ct, Larrakeyah.
The previous residential sale record holder, 108 East Point Rd, Fannie Bay. Picture: realestate.com.au
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Selling agent Seth Chin, of Chin Property Group, said the landmark property at 94 East Point Rd, known locally as the ‘White House’ and ‘Jim Beam House’, was being passed from one Katherine dynasty to another.
Mr Robinson, the vendor, is a well-known tourism and hospitality entrepreneur, while Niceforo Farms is the biggest supplier of mangoes in the NT and biggest supplier of Calypso mangoes in Australia.
“The new owners are thrilled they’ve purchased an iconic Territory house, which perfectly suits their lifestyle,” Mr Chin said.
The ‘White House’ features a rooftop pool and entertaining area. Picture: Supplied
The property sits on a prominent 2290 sqm block on the stretch of East Point Rd known as Darwin’s Golden Mile, and features a ballroom, 10 bathrooms, five bedrooms and a rooftop pool.
The ‘White House’ was listed for sale in August 2025 with another agent, with Chin Property Group taking over the listing more recently.
“This is a generational sale, and it is unlikely we will see this record broken anytime soon,” Mr Chin said.
“However, it does show there is a lot of confidence in the Northern Territory economy and property market, and we are seeing this confidence coming from Territory locals.”
Mr Chin said while southern property markets were recording downturns, the Darwin market was bucking the trend with robust price growth.
“There has been a string of strong results in the prestige market since January, and I’d say the median price in the top end of the market is going to be much higher in 2026 than in recent years,” he said.
Property records show 2 Scott St, Fannie Bay, sold for $3.9m in September, 4 Emery Ct, Larrakeyah, sold for $3.8m in March, 7 Larrakeyah Tce, Larrakeyah, sold for $3.45m in May and 114 East Rd, Fannie Bay, sold for $3.4m in January.
Seth Chin, director of Chin Property Group. Picture: Supplied
Mr Chin said there had been a resurgence of interest in East Point Rd, cementing it as one of Darwin’s most desirable residential locations, alongside Cullen Bay.
“This is evident by the sale of 94 East Point Rd and the recent sale of 2 Scott St, which faces East Point Road, along with two new luxury builds currently underway further down towards East Point Reserve,” he said.
“I’d put (the renewed interest) down to a changing of the guard.
“Older families are selling up and newer families are coming in.”
Rick Trippe of Knight Frank Darwin, who sold the ‘Jim Beam House’ back in 2011 for $4.7m, said the home had been iconic since it was constructed in the 1980s.
“At the time, it was the most expensive house every built in Darwin,” he said.
Bourbon importer Norm Forster built the palatial home while living in a modest red brick home on the neighbouring block.
The mansion sold in 2004 for $6.495m, setting a sales record at the time, and included 4880 sqm of land, the original red brick home, a caretaker’s cottage, a tennis court and three swimming pools.
The property sits on the corner of Darwin’s own Golden Mile. Picture: realestate.com.au
When the ‘Jim Beam House’ sold again in 2011, then named ‘Bellevue’, the sale included a 2010 sqm block and the mansion.
“The auction I had (in 2011) was amazing,” Mr Trippe said.
“People were calling up wanting to see the house and I had to say people ‘do you have the wherewithal to buy it, because I’ll only show it if you have the money, honey’.”
The neighbouring red brick home sold for $3,488,888 in 2014, sitting on a 2860 sqm block, and was recently demolished.
A sprawling house is currently being constructed on the block.
Mr Trippe said the property remained such a landmark because of its corner position on “the best street in Darwin” and its commanding facade.
“I think Norm, tongue in cheek, built it like a southern (American) mansion due to his tie to the Jim Beam franchise,” he said.
Inside 94 East Point Rd, Fannie Bay. Picture: realestate.com.au
“It had an airconditioned garage, which was so decadent at the time, a spiral ‘Gone With the Wind’ staircase and a huge crystal chandelier that would cost you an arm and three legs to replace today.
“I believe one of the reasons Norm put the ballroom in there was because he couldn’t find a place to entertain people and he wanted to bring overseas guests over.”
Mr Trippe said an urban myth about the tunnel under the property also had an element of truth to it.
“Norm wanted to build a tunnel under the road for his speedboat and that got a lot of attention at the time,” he said.
However, the tunnel never eventuated.
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