Terry Peabody’s stunning riverfront estate set for October auction

White Waltham at 28 Zelita Rd, Moggill, owned by Terry and Mary Peabody, will go under the hammer on October 13.

One of the largest private estates on the Brisbane River spanning 4.4ha – owned by Qld richlisters Terry and Mary Peabody – goes on the market today, set for auction mid-October.

Jason Adcock of Adcock Prestige confirmed the 28 Zelita Road, Moggill, listing would be live from Friday (September 9), with a private boardroom auction scheduled for October 13.

Known as White Waltham, Mr Adcock described the estate as ‘a world-class, riverfront estate, with some of the most spectacular grounds and gardens of any acreage property that I have sold in the last 30 years”.

White Waltham has a large main residence, a second home that was used as a caretaker’s residence, multiple entertaining shelters as well as a riverside summer house for functions.

David Peabody junior, Mary and Terry Peabody, Mary Jeanne Hutchinson, David Peabody snr and TJ Peabody.

The riverfront location and enormous amount of land is expected to generate strong interest.

“With a sneak peek announcement ahead of the upcoming campaign release, I have already received strong interest from local, interstate and international buyers prior to the property’s official market launch.”

He expected a significant number of enquiries from prominent local businesspeople, Melbourne and Sydney buyers looking to move north to the 2032 Olympic Games city, and expats returning from Hong Kong, Singapore and the United Kingdom.

“This exceptionally secluded and secure property is situated less than 30 minutes from Brisbane’s CBD and only 35 minutes from Brisbane’s international and domestic terminals”.

The home makes the most of its stunning surroundings.

Multiple zones for entertaining and relaxing.

The home has its own wine cellar.

Mr Peabody, who was worth nearly $1.5b at his peak in 2007 off investments in fly ash, concrete, trucking and waste management, was most recently in the news after one of his companies stepped in to fly back Australian cricket legend Shane Warne’s body from Asia via private jet.

The 4.4ha estate has a six bedroom, six bathroom main residence with formal and informal living zones, billiard room, wine cellar, home office, chef’s kitchen, and a stunning glass conservatory overlooking the river.

The in ground swimming pool has its own entertainment pavilion, bathroom and sauna.

The summer house created for entertaining larger groups.

The floodlit tennis court and shelter.

There is also an additional residence which could be used as a caretaker’s home or for multi-generational families and a beautiful purpose-built summer house by the river for entertaining and larger events. The estate comes with a floodlit tennis court, orchard, in ground swimming pool with its own entertainment pavilion, bathroom and sauna.

Classic lines inside the enormous kitchen.

The main house has six bedrooms.

It’s like living in your own private resort.

Mr Adcock said the auction would be held privately at his headquarters at 2 Gardner Close, Milton given “the potential for several high-profile registered bidders in attendance on the day”.

“The anonymity of a secure, closed-door auction heralds an assurance of confidentiality during the entire auction process and any subsequent negotiations.”

Mr Peabody’s retirement has included travelling the world including visiting his Craggy Range winery in New Zealand and his ski lodge at Whistler in Canada.


White Waltham consists of over 4.4ha of land by the Brisbane River.

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