- A four-bedroom semi-detached waterfront house that has been in the same family for 90 years has sold
- The property sits on a stunning location on the edge of the beach at Watson Bay in Sydney, selling for $14.2m
- The listing for the property described it as a ‘deceased estate’ providing ‘an incredibly rare chance’
A four-bedroom semi-detached waterfront house that has been in the same family for almost a century has sold for $4.45 million above its reserve price.
The property sits in a stunning location on the edge of the beach at Watson Bay in Sydney, and sold for $14.2million at a packed auction on Monday night, according to news.com.au.
Real estate agents Brenton Gadsby and Donna Burke had been quoting $8.5million for the house which has been owned by the same family for 90 years.
A four-bedroom semi-detached waterfront house that has been in the same family for almost a century has been sold for $4.45 million more than its reserve price
The property sits on a stunning location on the edge of the beach at Watson Bay in Sydney, and sold for $14.2million at a packed auction on Monday night
Real estate agents Brenton Gadsby and Donna Burke had been quoting $8.5million for the house which has been owned by the same family for 90 years
‘We knew it was a special position, we just didn’t know how special it really was,’ Mr Gadsby said.
The property was purchased in a company name but the buyer could not be named due to confidentiality clauses.
The four-bedroom home is on a 525sq m section at 17 Victoria Street. It sits next-door to Westfield co-chief executive Steven Lowy’s home.
‘We knew it was a special position, we just didn’t know how special it really was,’ Mr Gadsby said
The property was purchased in a company name but the buyer could not be named due to confidentiality clauses
The four-bedroom home is on a 525sq m section at 17 Victoria Street. It sits next-door to Westfield co-chief executive Steven Lowy
The listing for the property described it as a ‘deceased estate’ providing ‘an incredibly rare chance to secure what is surely one of the most desirable lifestyle locations in Sydney’.
Bidding for the property opened at $8.6million before rising quickly.
‘It was a once-in-a-lifetime opportunity, a generational home… they just don’t come up, so regardless of market conditions they’ll be well competed for,’ Mr Gadsby said.
The listing for the property described it as a ‘deceased estate’ providing ‘an incredibly rare chance to secure what is surely one of the most desirable lifestyle locations in Sydney’
Bidding for the property opened at $8.6million before rising quickly
‘It was a once-in-a-lifetime opportunity, a generational home… they just don’t come up, so regardless of market conditions they’ll be well competed for,’ the estate agent said