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Unique: Israeli billionaire Teddy Sagi has just lately accomplished the acquisition of a home at 56 Galei Tachelet Avenue in Herzliya Pituah for NIS 100.8 million. The 870 sq. meter, seven room home is on a 1,000 sq. meter lot with a swimming pool. The land registry says {that a} NIS 50 million mortgage was taken from Financial institution Leumi to buy the home.
Galei Tachelet Avenue has the costliest houses in Herzliya and the whole nation. The road runs alongside cliffs overlooking the ocean making the even-numbered houses (35 out of 60) on the coastal-western facet of the road particularly costly. Properties on the western facet of the road, normally on 1,000 sq. meter tons, with an open view of the Mediterranean, fetch double the value of the houses on the jap facet.
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The road has the costliest residence in Israel at quantity 40, which was purchased by the late Sheldon Adelson in 2020 for NIS 230.35 million from the US authorities. The distinctive 1,000 sq. meter home on a 5,000 sq. meter lot beforehand served because the residence of the US Ambassador to Israel.
Sagi himself already owns 46 Galei Tachelet Avenue, which he purchased in 2010 from tech entrepreneur Zaki Rakib for NIS 145 million. Rakib himself had purchased the home from Austrian businessman Martin Schlaff for NIS 101.3 million in 2005.
In 2021, Sagi additionally purchased 13 Galei Tachelet – a 650 sq. meter home on a 1,500 sq. meter lot on the jap facet of the road for NIS 43.5 million from Michel Taman.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on February 5, 2023.
© Copyright of Globes Writer Itonut (1983) Ltd., 2023.
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