A luxury Thirroul property, tucked away on a secluded 0.53-estate bordering the National Park has sold at auction for $2.87 million.
The sprawling single-level home at 14 Sylvan Way has been on the market since September.
Amanda Moore of Belle Property Thirroul said the home was initially expected to break sales records for the suburb, with a price guide of more than $3 million.
“I truly believe this property is the most beautiful property in the Illawarra’s northern suburbs,” Ms Moore said.
“I’ve never seen anything like it. It is a very unique, big family home on an acreage-property.”
According to Australian Property Monitors the home was purchased by the current owner for $255,000 in September 1996.
Ms Moore said the original part of the home is 18 years old, with the owner adding extensive renovations nine years ago.
The home has numerous luxury features including extensive use of Western Australian limestone and solid reclaimed ironbark.
More like a holiday retreat than a home, the property includes a full-sized tennis court, home gym/clubhouse and a heated saltwater pool with entertaining cabana and outdoor shower. The home has multiple living areas that lead to a wraparound deck.
The home’s entrance is reached via a suspended sandstone bridge through an internal courtyard and across landscaped ponds.
She said the master bedroom included a spacious retreat with wall-to-wall wardrobes and a private courtyard. The children’s zone is located in a separate wing and includes three large bedrooms, a theatre/rumpus room and double bathroom and extends to a fully-fenced outdoor playground.
A separate loft area provides another zone that can be used as an additional bedroom or home office.
The property was sold at auction on December 18, with two bidders competing for the home. The successful buyer is believed to already be a resident of Wollongong’s northern suburbs.
Belle Property Wollongong director Darren Kay said the sale was a record for a non-beach property in the northern suburbs and was an indication that the Illawarra property market was continuing to perform well.
On the same night as the Sylvan Way sale, Belle Property sold a stunning Italian-inspired three-bedroom apartment at 2/40 Cliff Road, North Wollongong at auction for almost $3 million, to a Canberra family.
“This is the highest sale price for an apartment under the hammer in the Illawarra,” Mr Kay said.
“The market continues to stay strong in the Illawarra. It’s good to end the year with a bang.”