The body of a 57-year-old woman has been found at Alan Bond's Cottesloe home.

A police spokesman said officers were called to the two-storey house in Hawkestone Street at 11.35am.

The dead woman is believed to be Di Bliss, the wife of the former tycoon.

Neighbours report Mr Bond and Ms Bliss were living at the limestone mansion, owned by Fairoak Pty Ltd.

Police say the death is not being treated as suspicious.

A police spokeswoman would not confirm the identity of the dead woman and said her name would not be released until all next of kin had been notified.

She said police officers at the scene would conduct an inquiry for the coroner.

It is understood the woman's body was found in a swimming pool at the rear of the property.

A police spokeswoman said a person at the residence, believed to be Mr Bond, had called St John Ambulance.

Mr Bond married Ms Bliss in 1995 after divorcing his first wife Eileen Bond in 1992.

The couple returned to Perth in 2010 after living in London after the former high-flyer's release from jail in 2000.

Mr Bond's eldest daughter Susanne died in her Peppermint Grove home in 2000 after overdosing on morphine.

Alan Bond's Cottesloe house. Picture: Lee Griffith

Di Bliss and Alan Bond on their wedding day in 1995.