Jimmy Spithill selling Bermuda mansion for $12.4m


Oracle Team USA skipper Jimmy Spithill has given an insight into his wealth, putting his Bermuda mansion on the market for a staggering NZ$12.4m.

The 9,863 square-foot house known as Coral Harbour is listed with Rego Sotheby's International Realty.

Spithill bought the luxurious island property in 2015 when the syndicate decided to base themselves there in the lead-up to this year's America's Cup.

Spithill lost the Auld Mug to Emirates Team New Zealand. But it looks like he will be a winner in the property market.   

Penny MacIntyre, the selling agent, told Bermuda's Royal Gazette that Spithill had originally intended to rent a home but decided it “made more sense financially to buy a place” and with the real estate market depressed at the time, prices were attractive and the purchase presented an investment opportunity.

The property, featuring five ensuite bedrooms, a large pool, guest cottage and grounds that include a boat dock, had been listed for 10 years before Spithill pounced on it.

“The beauty of the dock, if you're a sailing or boating aficionado, is that Jimmy took the great effort to ensure it was set up for the conveniences of a pro athlete,” MacIntyre said.

She suggested Australian Spithill, who owns property in New Zealand, would continue to spend time in Bermuda but would be downsizing.   

Read the full story here.

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