An absolute waterfront trophy home in Cremorne, on Sydney’s lower north shore, has finally found a buyer after being on and off the market for about 12 months.
In the end there were three serious buyers – two local and one an ex-pat – actively chasing the five-bedroom beauty at 12 Shellbank Pde, said Michael Coombs of LJ Hooker Avnu.
MORE: Vitamin king secures speedy sale on waterfront mansion
Where home sellers are making $1m profits
He would not comment on the identity of the buyer or the sale price, but said the most recent guide was $13 million to $14 million.
It is understood to have sold at the lower end of this guide, however Mr Coombs would not confirm this.
The property first came to market this time last year, but was taken off the market late last year. It returned to the market in May this year, and Mr Coombs said he was amazed at the level of interest.
“We have had more interest on it in the tougher market in COVID,” he said.
Buyers loved the uniqueness and modern features of the four-level home, he said.
Set on a private 854sqm block in a quiet cul-de-sac, the home is around the corner from Quakers Hat Bay.
At the water’s edge is a deepwater jetty and pontoon, a child-friendly lawn and pool, and low-maintenance gardens that create a resort-like feel.
Privacy is a big drawcard of the northeast-facing property.
A reserve on the eastern side means there is only one neighbour on the western side, and established trees provide an effective screen.
Mr Coombs said the home provided broad appeal.
“Often waterfronts don’t suit young families because they are on steep blocks or have no practical outdoor space for children,” he said.
“This home is perfect for kids, with its level grassed yard and pool being all on one level.”
It was also ideal for families with older children, given its multiple living areas, five large bedrooms and outdoor spaces.
The ground floor also has a kitchenette, bathroom, studio and casual living area, perfect for young adult children.
The parents haven’t been forgotten either. The top floor is their domain, with a main bedroom, ensuite and office or additional bedroom, all well positioned to make the most of the views over the water.
All levels of the home are accessible via a lift — making this the perfect place to create a lifetime of memories.
“Nothing was forgotten when this house was designed,” Mr Coombs said.
“It’s the sort of home you can stay in forever, thanks to the lift access and the clever floor plan.”
SIGN UP HERE FOR THE NSW REAL ESTATE NEWSLETTER
The post Cremorne waterfront trophy home sells in a secret deal believed to be worth more than $13m appeared first on realestate.com.au.