Resort-style Bayview home offers buyers a chance to escape routine
Huge interest in a northern beaches trophy home with rare resort features, including a swim-up bar and 10-seat cinema, has pushed its asking price up 25% in a declining market.
A luxury resort-style residence on Sydney’s northern beaches, originally listed for $8.2million in 2018, has been re-listed for $10million via an expressions of interest campaign.
The house includes a games and gym, a swim-up bar, a 10-seat home theater, six bedrooms and a stone kitchen.
Brought to the market by Ray White Palm Beach Prestige Manager Noel Nicholson, the home at 1903-1905 Pittwater Rd, Bayview also has a northeast aspect, lush lawns and landscaped gardens.
Ray White Prestige told The Daily Telegraph the property can accommodate the largest of families with ease and style.
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“The majority of buyers are families looking for a permanent residence on the northern beaches. Many of them were from expats overseas with larger families looking to return to Australia,” Mr Nicholson said.
“Bayview has always been a tightly held market for permanent residents looking for large landholdings with high-end properties with close access to both Pittwater and the beaches.”
The median home price in Bayview over the past year is $3,500,000 – with the average four-bedroom home in the area selling for $3,450,000.
“Moving forward to the middle of 2022, we are now experiencing a more stable market than the peak of 2021, there are more premium properties on the market now, and concerns about interest rates and inflation, but Bayview’s buyer demographics are unaffected by an interest rate hike as the majority are buying in cash and for lifestyle reasons you can’t put a price on it.
The house also includes a chef’s kitchen with a scullery, built-in refrigerator, wine cellar, cold room and large walk-in pantry, each located on the ground floor.
Bayview is notable for having been the suburb of choice for a number of celebrities over the years, including chef Peter Gilmore, actress Rebecca Gibney and her artist husband Richard Bell, and was the site used for the first Australian Bachelor series.
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Originally published as Resort-style Bayview home offers buyers chance to escape the grind