If you’re looking for a new place to call home and have a spare $3 million to splash on property, Garden Island north of Sydney’s might be for you.

The island, located in North Arm Cove, Port Stephens, has recently dropped it’s selling price from a cool $4 million to just $2,750,000.

The original price guide for the expansive property was $4 million. 

A short boat ride from both Karuah and Nelson Bay in the New South Wales Hunter region, number one Garden Island is ideal for those seeking a relaxed lifestyle.

Number One Garden Island in Port Stephens, in Sydney's north, is on the market for a listed $2.75 million

Number One Garden Island in Port Stephens, in Sydney’s north, is on the market for a listed $2.75 million

The island, located in North Arm Cove, has recently dropped it's selling price from $4 million and is to go to auction in November

The island, located in North Arm Cove, has recently dropped it's selling price from $4 million and is to go to auction in November

The island, located in North Arm Cove, has recently dropped it’s selling price from $4 million and is to go to auction in November

The 4.1 acre island houses an 'architect designed' two-bedroom home plus guest retreat, both fully furnished

The 4.1 acre island houses an 'architect designed' two-bedroom home plus guest retreat, both fully furnished

The 4.1 acre island houses an ‘architect designed’ two-bedroom home plus guest retreat, both fully furnished

The 4.1 acre island houses an ‘architect designed’ two-bedroom home, as described by realestate.com.

A guest retreat is located just a few steps away from the main home and both come completely furnished.

With high ceilings and a raw wood design, both homes offer a luxurious lifestyle just a short travel away from the mainland.

Number one Garden Island is ideal for those seeking a relaxed lifestyle, just a short boat ride from the mainland

Number one Garden Island is ideal for those seeking a relaxed lifestyle, just a short boat ride from the mainland

Number one Garden Island is ideal for those seeking a relaxed lifestyle, just a short boat ride from the mainland

With high ceilings and a raw wood design, both homes offer a luxurious lifestyle and the wraparound verandah provides a stunning view

With high ceilings and a raw wood design, both homes offer a luxurious lifestyle and the wraparound verandah provides a stunning view

With high ceilings and a raw wood design, both homes offer a luxurious lifestyle and the wraparound verandah provides a stunning view

Garden Island is the only island in Port Stephens with approval to build, should you need to add to the expansive property

Garden Island is the only island in Port Stephens with approval to build, should you need to add to the expansive property

Garden Island is the only island in Port Stephens with approval to build, should you need to add to the expansive property

With beautiful views, there is a possibility to see dolphins from the comfort and privacy of your bathroom

With beautiful views, there is a possibility to see dolphins from the comfort and privacy of your bathroom

With beautiful views, there is a possibility to see dolphins from the comfort and privacy of your bathroom

The eye-watering price tag includes a buggy to jet around the private island, plus a boat to get back to the mainland.

A car is also listed with the property, with ‘ample space for helipad’ should you require it.

New owners need not worry about mobile phone service either, as the island houses its own cell tower.

A wraparound verandah provides beautiful views of the water, with a possibility of spotting dolphins.

A wraparound verandah provides beautiful views of the water, with a possibility of spotting dolphins

A wraparound verandah provides beautiful views of the water, with a possibility of spotting dolphins

A wraparound verandah provides beautiful views of the water, with a possibility of spotting dolphins

The fully furnished home provides an idyllic lifestyle without the hassle of decorating or renovating

The fully furnished home provides an idyllic lifestyle without the hassle of decorating or renovating

The fully furnished home provides an idyllic lifestyle without the hassle of decorating or renovating

A guest retreat is located just a few steps away from the main home and both come completely furnished

A guest retreat is located just a few steps away from the main home and both come completely furnished

A guest retreat is located just a few steps away from the main home and both come completely furnished

Solar power is also set up with 24 hours worth of battery storage.

According to the listing, Garden Island is the only island in Port Stephens with approval to build, should you want to add to the property.

A 45,000 litre water tank storage and wastewater system is included, as well as a double lock-up garage.

The property is set to go to auction on November 5.

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