Home News Original bach in same family for decades selling for $9.25 million

Original bach in same family for decades selling for $9.25 million

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The Ocean Beach Road home has been owned by the same family since it was built in 1964.

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The Ocean Beach Road home has been owned by the same family since it was built in 1964.

Owned by the same family since it was built in the 1960s, Mount Maunganui’s original Waterfront Bach is on sale for $9.25 million.

The house is located on one of Mt’s most popular streets, Ocean Beach Road.

Earlier this year, the same three-bedroom home sold for a record $11 million. Richlister Colin Giltrap Surpasses $10.2 Million Sale of Mount Penthouse Apartments December 2021.

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The Ocean Beach Road home has been owned by the same family since it was built in 1964.

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The Ocean Beach Road home has been owned by the same family since it was built in 1964.

Despite the high price tag and the fact that the house “needs a little touch up”, there is no shortage of interest.

“It’s really two words that draw people to this property: ‘Beachfront’ and ‘Mount,'” said John Gardiner, the home’s distributor, Ray White. I’m here.

“It’s a dream for many and these properties are very popular and rare to find.”

The current owner, now in his 80s, remembers his father building the house in 1964 and cherishes memories of those long summers growing up on the beach.

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The bright red paint job on the Mount Maunganui villa is controversial.

“It’s very rare now to find an original home on the waterfront,” Gardiner said. is over 1600 square meters.”

The two-story house retains its 1960s design whimsy, featuring angular plaster and wallpaper depicting Roman and Greek gods. “Although the bathroom was upgraded in his 1980s,” he says Gardiner.

“There is work to be done, but some will decide whether to clear the land as is or build their dream home here with uncluttered views of the pool and ocean. Developers are also eyeing the opportunity.”

Original batches on large parcels are rarely found on Ocean Beach Road, one of Mount's most popular streets. The house in the center of the picture has been owned by the same family for decades and is currently on the market for $9.25 million.

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Original batches on large parcels are rarely found on Ocean Beach Road, one of Mount’s most popular streets. The house in the center of the picture has been owned by the same family for decades and is currently on the market for $9.25 million.

For those fussy about price, it’s cheap compared to another waterfront home further up the coast in Whakamarama, which Sotheby’s is selling for $25 million. becomes.

The top end of the real estate market is unscathed and has not escaped a slowdown, New figures show that activity remains stable and luxury properties continue to trade at over $10 million.

According to core logic figures, All of the top 5 annual revenues through October were above $12 million.

The largest home sale settled so far this year was a $20 million property on Palitai Drive in Orakei, Auckland, which sold in May.

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