A home in the sought-after Sandon Point estate recently sold for in excess of $2 million.
The property at 7 Aragan Circuit, Bulli sold earlier this month for more than $2.3 million.
Agent Trever Molenaar from Molenaar and McNeice said the exact price had been withheld at the request of the buyer.
Mr Molenaar said the home had been bought by an Illawarra businessman following an expression of interest period.
The beach-side home offers north facing living spaces and views of the escarpment, parklands and ocean.
Other features include a private level yard with cabana, woodfire oven and rear deck, and oversized deep ten person spa and salt water plunge pool.
The five-bedroom, two-bathroom home has a land area of 602.4sqm.
“I think it was just the position firstly,” Mr Molenaar said of the home’s appeal.
“Secondly, it was a nice build. It wasn't an incredibly large home, but it was really well done. It was a smart house, it had polished concrete, heated floors, views... Pretty much whatever you could think of, it had it.”
According to Australian Property Monitors, a four-bedroom house at Aragan Circuit sold for $1,550,000 earlier this year.
Mr Molenaar said Sandon Point was a highly sought-after estate.
“When it was established you weren't allowed to build spec homes in it, so it was all architecturally designed homes,” he said.
“They were built around view corridors... Whereas this one it didn't matter because it's on the front row.”
Property Council welcomes initiative
The Illawarra branch of the Property Council has commended Shoalhaven City Council on its initiative to develop and adopt a strategy on affordable housing.
The Property Council says it is a good first step to address affordable housing in the region.
The strategy was adopted at a council meeting on Monday (July 17) and will go on public exhibition.
“We have been advocating for councils in the region to take a proactive approach to affordable housing for some time, and it’s great to see Shoalhaven take the lead that we hope other councils will follow,” Property Council regional director Kim Rawson said.
“The Shoalhaven area has experienced rapid growth in the price of housing due to increased demand and this has made the need for affordable housing more acute. We need an approach that both provides housing for those who need it most in the short to medium term and stimulates housing supply in the long-term.
“What we have seen in some parts of NSW are approaches that mandate inclusionary zoning approaches or introduce levies and additional costs - approaches that may undermine the supply of housing by making an investment unfeasible.
“Shoalhaven council has taken the correct approach by looking at their own land for an initial supply pipeline, and planning can be put in place now to incentivise housing supply for the next five to ten years.”