Set on 456 square metres, the four-bedroom, two-bathroom home at 444 Lawrence Hargrave Drive, Scarborough will be auctioned at a yet to be determined date.

Selling agent, David Hyslop from Molenaar + McNeice said there wasn't currently a price guide for the property, but said he expected it would "definitely eclipse" the current price record for the suburb.

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Records indicate the current residential record sale price for the suburb is $2,310,000, set in 2020.

The home was previously featured on the television program Australia's Best Houses, following its extensive renovation by the current owners.

Sellers, Luke Campbell and wife Angela bought the home in 2009.

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Having grown up there, he said it was a long-term goal to buy a home in the Scarborough/Wombarra area.

Mr Campbell said Scarborough was a great place to live, as "I just love the escarpment and the ocean, right there, and we're smack bang in the middle".

Mr Campbell said there were only half-a-dozen miner's cottages remaining in Scarborough.

The front facade of the home, which is believed to have been built about 120 years ago, is heritage-listed.

Mr Campbell said they had undertaken a major renovation of the home, whereby they "pretty much started again".

"It was a two-bedroom shack to start with, and now we've made it two living areas, four bedrooms, two bathrooms and a garage," he said.

"It's pretty much a new build in many ways."

Mr Campbell said his favourite features of the home were "how it flows, inside/outside, open plan... Raising a family, the kids are up one end of the house and we're at the other".

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Mr Campbell said they were selling as they had enjoyed the renovation process, and were "looking for a new opportunity".

"We're sad to sell it, but excited for the new adventure," he said.

"It could be suited to a retiree, because it's relatively flat and there's not many stairs.

"It could also be a family house I think it's suited to just about anyone."

Mr Hyslop said the home's level of luxury detail, while staying true to the original miner's cottage design, made it a truly unique home.

"We have been getting interest from all over the country, including Queensland, Victoria, Western Australia, and of course local buyers," he said.

"It really captures the history of the area with the miner's cottage, and to have the luxury renovation is really unique. It's a beautiful home."