A waterfront Wagstaffe mansion has smashed the Central Coast real estate record this month, exceeding the price guide of $13.5M to make it the most expensive home in the region.
The 6 Bulkara St property first hit the market on January 14 with offers soon flying in.
Principal of Belle Property Central Coast, Cathy Baker, said ‘Agave’ sold above expectations, however the buyer and sale price cannot be disclosed.
The seven-bedroom property was last sold in 2020 for $9.5M, breaking local records at the time.
It comes as the pandemic property boom has seen the price of luxury homes rise steeply on the Central Coast, with pricing now on par with Sydney’s Northern Beaches suburbs.
“It is an extraordinary time for the prestige property market on the Central Coast,” Baker said.
“Between the improved access of the NorthConnex and the flexible work arrangements off the back of the pandemic, the Coast has become a sought-after sea change for many Sydneysiders.
“Investors and lifestyle buyers alike are seeing the benefits of investing in high-end homes.
“They can enjoy the lucrative holiday home returns on offer and the impressive capital growth, as well as the chance to spend time out of the city while flexible work arrangements allow a lifestyle change.”
Baker said the sector is still experiencing “unprecedented market conditions” across the luxury market due to the pandemic, however it will not last long with international borders opening.
Source:
Media release, Feb 15
Coastal Communications