Waterfront Castle Cove trophy house sells for millions over its price guide

A waterfront trophy house with stunning views of Sugar Loaf Bay has been sold under the hammer for as much as $ 14.5 million.

A waterfront trophy from Castle Cove with stunning views of Sugar Loaf Bay has been sold under the hammer for as much as $ 14.5 million. – well above its $ 11m to $ 12m guide.

Tim Foote, from Belle Property Mosman, says he had received bids on 32 Emerstan Drive in the guide up to the auction, but the owners were sure to take the property up for auction.

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Slice of Hollywood to go under the hammer

“There was a mix of buyers – there were some from offshore and also some local buyers,” he says.

Built in 2012, this magnificent architecturally designed five bedroom home is located on a 1050 sqm block that appealed to families, says Mr Foote.

Features include a garage for three cars, an open-plan living and dining area, a stone kitchen, home office, home cinema and a lift for all levels.

For guests, an au pair or extended family, there is an additional space on the top floor that is accessible via the elevator with a large bedroom with walk-in wardrobe, ensuite, personal balcony and private living area.

Outdoor features include a covered barbecue terrace, landscaped gardens, saltwater heated pool, spa and sun terrace.

The bid opened at $ 10 million. and initially rose in increments of $ 500,000, falling to increments of $ 100,000 before the hammer fell on the final bid of $ 14.5 million. $. The buyer was a family from the lower north coast. Sir. Foote says they were among the buyers trying to secure the property before auction.

“I think the prestige sector is still very strong and we will be busy right up until Christmas,” Mr Foote said.

The sale is only shy of the suburbs’ $ 15.05 million home sales record set in 2018 with the sale of 17 Neerim Rd, Castle Cove, reports CoreLogic.

And the latest data from realestate.com.au’s Market Trends report shows that the suburban median house price has grown by 32.1 percent in the past 12 months to $ 3.5 million.

SUPER FAST MATCH

Hos Jones Wahroonga Tim Fraser was on the money when he tipped him and a colleague Erik Leung would have a buyer for a significant Wahroonga tennis court property within a week of listing.

In fact, he sold 2 Wahroonga Ave a week for an impressive $ 7.25 million.

Buyers struggled to make an offer for the 2257 m2 expansive property on two properties located on the east side of the suburb’s blue-chip, even before the property officially hit the market.

Its magnificent 1902, seven-bedroom Federation home has approximately 521 square feet of internal floor space, including formal living and dining areas, a magnificent billiard room equipped with a full-size table and bar, and a granite kitchen.

The flat plot has sculptural gardens, rolling lawns, a solar-heated pool and a tennis court.

Sir. Fraser says the big draws were the 2257 m2 of flat land and the tennis court.

“They (the buyers) are a family with four children who go to schools in the area and they wanted to be close to them,” he says.

‘They specifically wanted a property with a tennis court. It proves that tennis courts are back in vogue on the upper north coast. “

A number of tennis courts have been cut off from North Coast properties and sold to new homes, and Mr Fraser says this has proven to be profitable.

“There are new places being built on the tennis courts that are now worth $ 6 million,” he says.

“People want the space and there is a certain status for them and for others it is an opportunity to land bank.”

LONGUEVILLE ICON

The deceased’s long-lasting home Roslyn Baxter, a former Lane Cove mayor, has entered the market with a $ 3.25 million guide.

The 100-year-old classic California bungalow, at William Edward St 7, Longueville, has been the home of the Baxter family for nearly 60 years and has beautiful period details, including leaded bay windows.

Mrs. Baxter served as Lane Cove Mayor and as a local council member for about 21 years, and as a result of her tireless community work, she was awarded an OAM.

She was also a community activist and founder of the Lane Cove Bushland and Conservation Society.

Her son Mark Baxter says an architect has drawn up plans to show buyers the potential for home renovations. He says it’s an emotional sale.

“It is with some sadness that my two sisters and I say goodbye to our magnificent period at home,” he says.

The four-bedroom home will be auctioned on 11 December Simon Harrison, from Belle Property Lane Cove.

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Originally released as a Waterfront Castle Cove trophy home sold for millions over its price guide

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