The pub baron and developer is selling the property with an eye-watering price guide of $25 million, according to the Australian Financial Review .
The decision to sell follows Arnaout offloading a mix of luxury real estate, hotels and casinos this year.
Known as Sweetwater, the sprawling 48-hectare estate in the Hunter Valley wine region, near Pokolbin, features vine-covered Juliet balconies, vaulted ceilings, sweeping staircases, French parquetry floors and a courtyard fountain.
The eight-bedroom estate was inspired by grand European villas, with antique interiors sourced from across the world.
Aside from the main residence, there are 16 hectares of vineyards, an olive grove, dams and landscaped grounds.
117 Sweetwater Road, Belford NSW 2335
The property is also home to the Sweetwater winery, complete with a cellar door, wine cellar, private day spa, plunge pool and its own separate manager’s gatehouse.
Arnaout, the founder of Iris Capital, purchased the country castle in 2017, when it was being offered with a $15 million asking price.
According to the AFR, buying the estate formed part of a larger $23 million deal involving a Sydney CBD office property, which Arnaout purchased from developer Duncan Hardie.
Sweetwater is being marketed through TRG’s Gavin Rubinstein, who was also behind the recent sale of Arnaout’s waterfront property in Manly .
The Sydney weekender changed hands for $19 million earlier this year, with legal software entrepreneur Christian Beck reportedly snapping up the property.
Arnaout has also been reshuffling his hospitality assets, with Iris Capital selling a collection of Hunter region pubs in a deal worth around $500 million in July.
Billionaire Sam Arnaout offloads Sydney waterfront weekender
The property, which spans two parcels, sold to a mystery buyer for about $20 million.
Sweetwater at Polkobin sells - for $3 million?
Hotelier and race car driver sells iconic Sydney penthouse for $30m
It has a super yacht-inspired rooftop terrace, more bathrooms than bedrooms, and a very well-known neighbour.
The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs.
