The South Coast's property market remains in high demand, with a prestigious home selling for $7,550,000 earlier this month.
The property is located at 71 Werri Street, Werri Beach.
According to Pricefinder, it appears to be a record sale price for the suburb.
The four-bedroom, three-bathroom home features 200-year-old recycled timber beams and antique gates and doors.
Selling agent, Neil Campbell from Ray White Gerringong told the Mercury it was a unique property given its location, and believed it was "the only beach and lagoon front property in the Kiama LGA".
The home was sold to a Sydney buyer. Set on 892sqm, it initially had a price guide of $7,950,000.
Owners Rebecca Ryde, an interior designer, and husband Richard, a builder, have owned the property for four years.
Mrs Ryde recently told the Mercury they were initially drawn to the property by its "potential views, which were amazing".
"The property was just a little old asbestos house, hidden by a big hedge," she said.
"We had the foresight and could see through the hedge. We got rid of it all, landscaped the whole property.
"The views are just like something out of this world."
The Rydes bought the deceased estate at auction.
She said they knocked down the home in 2017, but sat on it for a few years while they awaited council approvals to rebuild.
The rebuild was completed 18 months ago.
In addition to the main dwelling, the property includes a two-bedroom apartment.
Other features include a ceiling-to-ground waterfall inside the house, pool, spa and private jetty.
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