Quick sale – 118 North Steyne in Manly has sold.
Manly’s last original beach cottage has sold for the second time in as many years, collecting the vendors a tidy profit of more than $2 million.
The treasured c1906 beach cottage known as Brise De Mer, French for ’sea breeze’, at 118 North Steyne, was snapped up in less than a month by a north shore buyer.
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Michael Clarke, of Clarke & Humel Property Manly, had a guide of $9 million to $9.9 million. CoreLogic records reveal he had the property on the market for only 26 days before it was sold.
He would not comment on the sale price, however it is believed to have gone for about $10 million.
The speed of the sale was a far cry from the 196 days it took for the 1906 Federation cottage to sell in 2018. It also makes for a tidy profit – it previously sold for $7.55 million.
Iconic view.
The home has undergone a fresh renovation.
Mr Clarke said the buyer loved the character and location of the property. He said prestige properties on the northern beaches were in high demand.
“I have never seen it stronger, ever,” he said.
The vendors, who moved from Mosman to Manly two years ago, have decided they want to spend more of the year living overseas to be closer to family, Mr Clarke said.
Before they sold they undertook a renovation of the home, adding a host of modern designer finishes.
Sunrise.
Sweet dreams.
Mr Clarke was inundated with inquiries from potential buyers from all over the world. Even buyers in Singapore, London and New York were all considering the property, knowing they might potentially have to buy it sight unseen given strict international travel restrictions.
“People are thinking differently now,” Mr Clarke said. “Life is strange, and they are thinking, ‘if I’m not going to buy the house of my dreams then when’.
“This is a unique time to buy a unique property and I think this is it. For whoever buys it this time, it will likely be their forever home. It is a very special property.”
He said the new owner saw it as a long-term holding.
There are multiple living spaces.
Luxury bathroom.
The cottage has been painstakingly renovated and architecturally remastered to preserve its heritage-listed features, while also adding a new layer of luxury and sophistication that newly federated Australians could only have dreamt about in the early 1900s.
It has traded only a handful of times since it was built more than a century ago, and famously dodged the bulldozers when it was bought by a developer in 2002.
After years of debate by the community and the local council at the time, a heritage listing was granted in 2006.
The property was sold to another developer, who reached an agreement to restore the house on a portion of the original 910sqm site and allow for the construction of a new, low-rise, luxury five-apartment building at the back of the block.
Dine in style.
Open-plan living.
Two years of intensive restoration followed and the property was sold in late 2009, before it sold again to the current owners in 2018.
Set on a level 440sqm and surrounded by landscaped tropical gardens, the home has a wide central entrance hall with soaring patterned ceilings that lead to an open plan casual living and dining areas where you can see, smell and hear the ocean.
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The post Manly’s last original beachfront cottage sells for $10m appeared first on realestate.com.au.