And the luxurious property was secured quickly.

Dane Queenan, of PRDnationwide Port Stephens, reported the $3.4 million sale of 171 Soldiers Point Road came within the first week of marketing for the five-bedroom, three-bathroom house.

It is among the highest sales for the Port Stephens suburb, according to Australian Property Monitors data, and Mr Queenan said the property was secured by a Newcastle buyer.

"It's the first time it has been marketed since being built and it's a very iconic property in the sense that it's definitely a local favourite," Mr Queenan said.

The home, which was scheduled for an auction campaign, was set on a 541 square metre north-east facing block with substantial ocean frontage and had been designed over two levels to maximise the water views on offer.

According to APM data, it was the second sale over $3 million for Soliders Point Road this year after Mr Queenan sold another waterfront home at No.203 in March for $3.5 million.

In February last year, a five-bedroom, four-bathroom residence with an indoor swimming pool and spa, boathouse and direct access to Wanda Beach at 6 Randall Drive was sold for a suburb record $3.6 million.

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Boutique apartment building East Park Residence in Islington is all but complete and prices will range from $885,000-$985,000.

The development at 26 Maitland Road will comprise only six three-bedroom apartments, all with direct lift access, and is positioned overlooking Wickham Park.

Occupancy is expected early in the new year. The development was designed by SHAC and was constructed and developed by Foteff Property Group.

It is being marketed by Anthony Merlo, of Dalton Partners, and open for inspection today and tomorrow from 1pm until 2pm.

There are two apartments per floor, all with a green outlook from their large, covered, alfresco balconies with integrated barbecue zone with sink and refrigeration.

Jacob McFarlane, of McFarlane Real Estate, was named salesperson of the year at the Australasian Real Estate Awards last month. Mr McFarlane has been a finalist for the award for the past four years. It is judged by an expert panel taking into consideration sales, listings and client care.

Newcastle's newest residential estate is officially open for inspection. With civil works complete in Fletcher's Pinnacle Estate, streetscapes are beginning to take shape. Developer Winten Property Group have reported 70 per cent of the estate, which has 57 home sites, is sold.

A two-bedroom, two-bathroom apartment in Newcastle East at 101/1 Scott Street with a double garage and two terraces is on the market through Dalton Partners with a guide of $1.15 million. It is in a complex that has an indoor lap pool, sauna and gym.

Street Property have a double-fronted cottage with three bedrooms at 8 Ivy Street in Islington for $490,000 to $540,000. A two-bedroom Bungalow with double carport and double garage at 17 Morris Street in Mayfield West is being sold through Dalton Partners with a guide of $635,000 to $660,000.

LJ Hooker Rathmines and Harcourts Newcastle have three-bedroom homes listed respectively at 41 Amos Street, Rathmines ($395,000 to $425,000) and 90 Bridges Road, New Lambton ($475,000 to $520,000).