Pandora jewellery co-founder relists his palatial waterfront mansion on Sydney's Northern Beaches for a whopping $24 million

The co-founder of the Pandora jewellery franchise, Brook Adcock, has relisted his mansion on Sydney's Northern beaches.

Located at Newport, 34 km from the CBD, the sprawling pad has struggled to find a buyer since it hit the market in November for a whopping $27 million.

The six-bedroom, six-bathroom multi-storey waterfront home is now up for sale for $24 million.

Adcock has relisted the property with new agents who reported to The Mosman Daily that the stunning estate has attracted potential buyers from overseas.  

He originally snapped up the grand home for $14.6 million in 2009. 

Situated in one of the Sydney region's most sought-after locations, the palatial spread boasts panoramic views of Pittwater and a boat jetty with two berths.

The 1,397 square metre home was built in the mid-1990s and features a billiard room, gym and a climate-controlled wine cellar.

Highlights include an elevated lawn space overlooking the estuary, expansive manicured gardens and an infinity pool.

There's also a guest house, a koi pond, and a large outdoor entertainment area.

Design features include archways and columns, and soaring ceilings.

The main bedroom, which occupies an entire wing of the upper level, features a private balcony and an enormous and luxurious ensuite.

Meanwhile, the lower level is host to a 'rumpus' room and open-plan living spaces.

The huge kitchen also features a breakfast bar.

It comes after Adcock and his ex, Karen Adcock, sold back their Pandora interests to the Danish company.

Karen Adcock first introduced the Danish jewellery brand to Australia in 2004, selling earrings, bracelets and necklaces out of her garage in Avalon.

Eight years later she sold her stake in the company which had become a $200 million empire in Australia and New Zealand with more than 300 employees.

Brook and Karen divorced in 2008. 

In 2020, Karen offloaded her own Newport mansion for $9 million, after originally listing the three-storey property for $10 million.

The waterfront home is complete with a pool, three-car garage, private beach and jetty.

But this time the jewellery magnate had no problems selling the house after relisting it with Ray White Prestige Palm Beach.

Although the mansion still had a $10 million price tag, independent sources revealed to real estate site Domain, the home sold for somewhere around the $9 million mark.

The last time the 3000-square-metre property changed hands was in 2009 when Quiksilver Europe founder Harry Hodge and Surfing New South Wales deputy chairman Harry Hodge sold it for $8.1 million.