Ocean views from both levels | 809m² coastal lot | 4 bed, 2 bath configuration | No current listings on street
This house presents a rare coastal holding with dual-level ocean views and a substantial lot, a combination that anchors its value in a finite location. The quality finishes and three-car accommodation signal a family-oriented property built for primary residence comfort, best serving a buyer seeking a permanent coastal lifestyle rather than a transient rental. Its position on a street with limited turnover suggests a tightly held enclave, enhancing long-term capital stability.
The principal risk is the discrepancy in recorded bathroom counts, which may indicate unpermitted work or outdated records, requiring immediate due diligence. The lack of comparable sales for a view property of this scale complicates price validation. However, the significant lot size offers future subdivision or improvement potential, subject to zoning. Acquire this as a long-term hold for personal use, as its unique attributes are unlikely to be replicated.
Recent sales data provides critical context:
– 10 Catalonia Street (4 bed, 1 bath, 2 car) sold for $733,000 in December 2024, having risen from a $320,000 purchase in 2019.
– A nearby property at 14 Corunna Road (4 bed, 2 bath, on 1009m²) carries an estimated value of $1,402,000.
This demonstrates strong capital growth on the street, though the subject property’s superior views, larger car accommodation, and potential second bathroom position it at a premium to the recent sale, aligning it closer to the higher Corunna Road benchmark.