The “flawlessly presented” home at 20 Woodland Avenue, Thirroul sold for $3 million earlier this week.
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Selling agent, One Agency Downie and Denison-Pender principal Vanessa Denison-Pender said it was set high at the end of an exclusive cul-de-sac.
The extensively renovated home was on the market for 28 days.
Ms Denison-Pender said it was a “remarkable family residence of palatial proportions” with ocean views across McCauley’s Beach and Sandon Point, and is a rare prestige property located in one of Thirroul’s best streets.
According to Australian Property Monitors, it previously sold for $878,000 in 2006.
She said 20 Woodland Avenue is a “flawlessly presented” home on a large 900sqm block.
Ms Denison-Pender said competition for the property came from “time poor, high income earning professionals from Sydney and the UK”.
“The family that eventually purchased the property was local from Thirroul, upgrading their home and location,” she said.
“They always wanted Woodland Avenue, knew the value of the street and with a growing family, it ticked every box on their wish-list.”
Ms Denison-Pender said the top end of the market for premium properties in the Illawarra is performing extremely well.
The agent described the five-bedroom home as “a very high-quality, high-end property”.
“It ticks all the boxes in terms of being a very luxurious home… A big pool, spa, sauna, arranged over three levels.
“Having undergone an inspired transformation it is a rare offering at the very top end of the market where homes of this calibre seldom change hands.
“It encompasses multiple living areas, resort-like outdoor entertaining area, pool, spa and sauna and just a three-minute walk to beach and cycleway.”
Other sales around the $3 million mark throughout the region in 2017 include a Coledale beachfront home, located at 1 Cater Street that sold for $3,410,000 earlier this year.
In May, a home at 2 Weaver Terrace, Bulli sold under the hammer for $3,600,000.
A real estate “record” was reportedly set for Port Kembla with a prestige home selling for $3,200,000 in early April.
A single-level apartment, located at at 6/2 Barney Street, Kiama and opposite Kiama’s Surf Beach sold for $3,050,000 in October.
A “classic coastal penthouse” in Wollongong, ‘Beaumaris’, located at 19/42 Cliff Road, fetched $2,995,000 in August.
Do you have an interesting real estate story? Please email brendan.crabb@fairfaxmedia.com.au with details.
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