A waterfront villa at Minnamurra could set a residential sale price record for the suburb, little more than a month after a new benchmark was set.
Set on 478 square metres, the home has a price guide of $5 million to $5.5 million.
Overlooking Mystics Beach, it's located at 5/154 Charles Avenue, Minnamurra.
The current suburb record for Minnamurra is believed to be $5.1 million, set in July.
This latest listing has been featured in Home Beautiful magazine.
The home features a central courtyard surrounding a water feature and a mature Frangipani tree.
It also features a Carrara marble kitchen with Ilve appliances, wide oak flooring, luxurious Carrara marble bathrooms, and built-in gas fireplace.
The home was built in 1973 and designed by renowned Sydney architect Terry Dorrough, who contributed to the organic-regional architecture movement known as 'the Sydney School'.
"Terry has been back to visit the home over his lifetime," selling agent, Michele Lay from Ray White Kiama said.
Ms Lay said Minnamurra had quickly become renowned for its chic coastal village atmosphere and lifestyle, and an easy city escape from Sydney or Canberra.
She said since going on the market last week, this property was attracting plenty of early interest from Sydney buyers.
Ms Lay said the four or five-bedroom property is positioned among a small holding of eight villa homes in the Minnamurra waterfront precinct.
She said the owners have completely renovated and extended the home, which now features an additional studio apartment with ensuite above the lock-up double garage and could house two additional bedrooms.
"It is situated in one of the best locations in Minnamurra with direct access to the riverfront and the ocean," Ms Lay said.
"Here you van combine the indulgence of pristine azure waters lapping at your lawn with a sandy beach to explore at low tide
"The home commands uninterrupted, panoramic views of Rangoon Island, the lush vegetation of the protective sand spit and out to the Pacific Ocean."