Sources are this afternoon claiming that Gortanore, the 3-acre site with a modest house in Foxrock, Dublin is under offer by the embassy of Saudi Arabia for a price a little north of the €5m asking price when it came on the market in August 2012. The property was the most expensive residence sold in Ireland in 2006 but its €31m price then reflected its development potential and there were plans to build apartment blocks with some commercial space. The property was owned by David Arnold of D2 Private fame. Neither of the joint agents, Jones Lang LaSalle or Daphne L Kaye had any comment at time of writing.
Separately , the property which was the subject of most expensive residential property transaction ever in Ireland – the Sean Dunne-associated €58m purchase of Walford at 24 Shewsbury Road – which went on the market a year ago with a price tag of €15m appears not to have been sold. In the Dail this week, the Sinn Fein finance spokesperson Pearse Doherty asked the justice minister Alan Shatter if the property had been sold. He was told it hasn’t been sold.
The full parliamentary question and response is here.
Deputy Pearse Doherty: To ask the Minister for Justice and Equality further to Parliamentary Questions No.183 and 184 of 9 October 2012, if there has been a sale of a property known as Walford at 24 Shrewsbury Road, Ballsbridge, Dublin 4 during the period covered by the recent release of data by the Property Services Regulatory Authority in its property price register, and if there has been a sale of said property, if he will provide the sale price, the date of the sale and the quantum of stamp duty paid to the State on the sale.
Minister for Justice, Equality and Defence, Alan Shatter: The information included in the Residential Property Price Register is compiled from data filed with the Revenue Commissioners for Stamp Duty Purposes. I am advised by the Property Services Regulatory Authority, which has responsibility for the Register, that all properties filed with the Revenue Commissioners in the period 1 January 2010 to 19 October 2012 are on the Register and that the property referred to by the Deputy is not included.
The Residential Property Price Register provides information on the address of the property, its sale price and date of sale. The Register does not provide any information on the quantum of stamp duty paid to the State, which is solely a matter for the Revenue Commissioners.