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The renovation of Natasha Oakley’s $17m Sydney mansion

All the details on the $2.2 million rebuild.
Natasha Oakley home Sydney heroPhotography: Domain / Instagram via @tashoakley

The glamorous co-founder of Monday Swimwear, Natasha Oakley, is a homegrown success story. The Aussie-born entrepreneur launched the beachwear business with her LA-based best friend Devin Brugman in 2014 and it’s taken off internationally.

After many years living overseas, Natasha is returning to her roots and building a family home in Sydney’s Eastern Suburbs. The entrepreneur has been sharing updates on the renovation of the 1950s Bellevue Hill villa she shares with husband Theo Chambers, son of Chambers Cellars founder Steven Chambers.

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Natasha Oakley Sydney home before renovation
An aerial shot of the exterior of Natasha Oakley and Theo Chambers’ Bellevue Home before renovations began. (Photography: Domain)

“A little gathering at our new family home before demolition starts!” Natasha shared on Instagram at the end of 2023.

Natasha Oakley and Theo Chambers held a housewarming before the rebuild commenced. (Image: Instagram via @tashoakley)

The couple reportedly secured the place for $17 million through Ray White’s Ashley Bierman and it came with approval for a $2.2 million development. The redesign is being guided by Weir Phillips Architects and Phoebe Nicol Interior Architecture.

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Natasha Oakley home renovation Phoebe Nicol Interiors and Weir Phillips Nov 2023
The teams behind the project, Phoebe Nicol Interiors and Weir Phillips Architecture. (Image: Instagram via @tashoakley)

The home has been stripped back to the bare bones, with Tash sharing footage in a March 2024 video. “Our weekly visit to our construction site,” she said. “The lower level walls are officially up!”

Natasha Oakley home renovation on site with Theo Chambers
Natasha and Theo checking out the worksite. (Image: Instagram via @tashoakley)

It’s been an involved process but Natasha is no stranger to large projects. She’s also co-founder of The Pilates Class, alongside Jacqui Kingswell and is very involved in every aspect of her businesses, from design to marketing and future direction. It appears she’s just as hands-on with her new home.

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Natasha Oakley home renovation Phoebe Nicol Interiors and Weir Phillips Nov 2023
Natasha shares renders of the staircase and checkered floors planned for the home. (Image: Instagram via @tashoakley)

“A lot of people don’t even know that I’m the CEO of my brands,” Natasha told The Him & Her Show podcast in 2024. “I grew up watching both of my parents as entrepreneurs. I never had any disillusions as to what’s involved in running your own business.”

Natasha Oakley home renovation construction Nov 2023
The original home was rebuilt from the ground up. (Image: Instagram via @tashoakley)

Those hearing Natasha’s Aussie-American accent for the first time might ask, ‘Where is Natasha Oakley from?’ She was raised in Australia by her private investigator dad and real-estate agent mum before they separated when she was five.

At the age of 10, Natasha moved to Miami before a stint back in Australia. Aged 19, she headed to Hawaii on her own, where she befriended her Monday Swimwear co-founder Devin Brugman.

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Devin Brugman at Natasha Oakley's home renovation
Natasha Oakley’s best friend and business partner Devin Brugman visiting the renovation site. (Image: Instagram via @tashoakley)

She’s lived all over the world, but Natasha’s now settling back on Aussie shores. “I never thought I’d move back to Sydney but my husband has made me fall back in love and appreciate it,” she shared on The Him and Her Show. “It really is an amazing city.”

Natasha Oakley home renovation on site with Theo Chambers Nov 2023
Natasha and Theo checking out progress on their Sydney renovation. (Image: Instagram via @tashoakley)

The couple’s home is shaping up to be spectacular, helped along by a healthy budget. The businesswoman is believed to be worth around $128 million, with Monday Swimwear selling more than 500,000 units of beachwear every year. In 2024, the 34-year-old came in at number 44 on the Australian Financial Review Young Rich List. 

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Natasha Oakley home renovation Theo Chambers
Such a large renovation will take time but luckily Theo is right at home in the project. (Image: Instagram via @tashoakley)

While Tash knows business, her husband Theo is at home in the building world. He co-founded Shore Financial brokerage in 2013, which does $300 million in monthly home loan applications. “If Theo wasn’t so knowledgeable about building, I probably never would have done this. It’s a really big undertaking,” Natasha shared.

Natasha Oakley home renovation bedroom view
Views from the Bellevue Hill home are breathtaking. (Image: Instagram via @tashoakley)

“It involves so much work, constant meetings, constant decisions. There are little setbacks along the way. I know it will be so worth it but it really is quite the process.”

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Natasha Oakley home renovation gym render
The design of the home gym is as luxe as it gets. (Image: Instagram via @tashoakley)

If renders of the gym design are anything to go by, this home is going to be spectacular. We can’t wait to see how it turns out.

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