A luxurious Carey Bay property has been listed with a price guide of $4 million to $4.4 million, a range that Paul Campbell said has not been reached in Lake Macquarie.
The LJ Hooker agent is marketing a tri-level five-bedroom residence at 27 Excelsior Parade that is positioned on an absolute waterfront property over 1300 square metres in size.
The master suite has a private deck, spacious walk-in robe, dressing room and ensuite with an elevated bath that enjoys lake views. There is guest accommodation and each bedroom has an ensuite.
The home has a glass-door elevator, wet bar, theatre room opening to a private terrace and a fully tiled in-ground swimming pool with heated spa. Basement-style garaging has room for three or four cars. There is a boat shed plus slipway and shared jetty.
“This is stunning,” Mr Campbell said. “It is right up with the best of them. On Sydney harbour this would be 25 to 30 million dollars.
This will be the first property that has potential to sell for over $4 million in Lake Macquarie.Paul Campbell
“The home is 10 years old. It was architecturally designed and the last house built by Norm Bilton, who was a master builder.
“It will set a precedence. There have been other homes sell in Lake Macquarie from about $3.5 million up to $3.9 million. This will be the first property that has potential to sell for over $4 million in Lake Macquarie.”
There were $3.5 million and $3.7 million sales in Valentine’s exclusive Dilkera Avenue last year, according to Australian Property Monitors data. A waterfront residence in Belmont’s Bellevue Road sold within its guide of $3.5 million to $3.75 million. A property in Kilaben Bay was sold for $3.575 million in 2006.
Strong local interest was expected for this home.
“Remembering that just about all of the top-end properties that have ever sold in Lake Macquarie have been sold to local buyers, not Sydney buyers, which is an interesting phenomenon,” Mr Campbell said.
“Not that Sydney buyers don’t come up and buy a lot of properties; it’s just for the really top end stuff, often the locals have more confidence.”