Handbag heir sells lavish Byron Bay hinterland estate for $30m

Oroton fashion empire heir Tom Lane, and his wife, Emma, have sold their luxury equine estate in the Byron Bay hinterland in a deal believed to be around $30m.

The couple bought the 19ha property in Bangalow for $3m in 2021 and built the current home known as ‘Copperstone’ in the style of an Argentinian horse ranch.

‘Copperstone’ was listed with a $35m price guide with Kim Jones & Co, but local sources say it sold for less than $30m, which still sets a new suburb record for Bangalow.

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Speaking to News Corp at the time of listing the property, Mr Lane said the couple had a “business model” of buying properties, redeveloping them, living in them for a while and reselling them.

These include The Farm at Ewingsdale, which sold for about $16m in 2020, and The Range at Coopers Shoot, which sold for a North Coast record of $37m in 2023.

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Nestled in a picturesque country landscape, ‘Copperstone’ is the latest addition to the Lanes’ portfolio of luxury accommodation known as The Range Estates.

Luxuries include a wellness centre with sauna, steam room and ice bath, a tennis court and a pool house for the 25-metre mineral pool.

It also features an impressive dressage arena with a cross-country course and stables for horse enthusiasts.

“We’ve turned the dial up on materials, it’s also flatter land so it’s a more usable space; it’s set-up as an equine property so there’s a beautiful set of stables and there’s 2.5km of post-and-rail fence,” Mr Lane said.

“You’re basically overlooking your own parkland. It’s very private but still very close to town — a little oasis!”

The previous record sale price for a residential property in Bangalow was $15m for a nine bedroom property on 12ha at 84 Fowlers Lane, which sold late last year.

Additional reporting by Stephen Nicholls.

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