A Hamptons-style beachfront home in Patonga has smashed the popular suburb’s previous record by a colossal $3.77M, selling for an incredible $6.03M at auction last month.
1 Patonga Dr has become the suburb’s highest ever residential sale, proving that the once sleepy town is fast becoming one of the most in-demand suburbs on the Coast.
Sold by Coast Realty Agent Stuart Gan and his team, which included Auctioneer on the day – Lachlan Pierce of Cooley’s – the spacious architect-designed six-bedroom property attracted plenty of interest.
Gan said the sale surprised his team as it represented “such a substantial upturn from previous prices.
“This property is incredibly special and unique, from its beachside location to its layout and comfort, it represents the ultimate in luxury and I have no doubt the new owners and guests will love the time they spend there,” Gan said.
He said that despite a lack of stick, he predicts that further property records will be broken throughout 2022.
Industry watchdogs and agents have predicted that due to the economic impact of COVID-19, the market is expected to slow this year.
Gan said the Central Coast will be one of the last regions to slow compared to the rest of NSW.
“This is due to the historically low levels of stock in the prestige property sector,” he said.
“That said, if you are considering selling your property, my advice would be to do it sooner rather than later to ensure maximum sale potential. As interest rates increase, we expect the demand to slow.”
Source:
Media release, Feb 1
The Ripe Idea