New record house price in the bay

first_imgThis is what it’s all about. 497 Royal Esplanade, Manly.A RARE waterfront home has smashed the house price record in Brisbane’s bayside after blitzing the previous high by almost $1 million.The five bedroom property at 497 Royal Esplanade in Manly went under contract for a massive $3.89m, blitzing the previous record of $2.7m set just a month earlier. GOLDIE’S FIRST FLOATING HOME FOR SALE NEW LAWS HIT INVESTORS’ HIP POCKETS BRISBANE MAKES BEST CITIES LIST The large 1,295sq m block also has a pool.Mr Sorrentino said the attraction of the new record holder was very clear.“It’s in front of the Royal Esplanade, it’s a big block of land — almost 1,300sq m and it’s a beautiful plantation home right in front of the marina.”He said the new owners were local residents who had been looking for a while.“Even 12 months is too long a wait (if you’re looking in Manly),” he said. “The market is now booming, manly is booming … This was $3.9m but there are properties worth $8-10m that haven’t come on the market yet. I think with this sale a lot of sellers will want to list their properties.” Not a bad view to have while chopping up veges. The large corner block has an enviable position on Royal Esplanade. The home looks out towards the marina and ocean.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours agoAgent Marc Sorrentino of Place, who had sold both houses, told The Courier-Mail that the area has seen a surge that’s not likely to stop any time soon.“Last month I sold 43 Wellington Street Manly and created new record for the area of $2.72m and that beat my record of last year which was $2.5m. Now this has totally blown the record at about $3.9m.”That’s almost five times the median house price for Manly, which CoreLogic had at $765,000 over the 12 months to August this year, while had the median at $800,000 for data to November 13. Cozy area for a spot of reading in winter.He said while there were some local buyers who were not willing to pay current prices “because they remember what it used to go for (ages ago)”, others just wanted to get a strong foothold in a rising market. FOLLOW SOPHIE FOSTER ON FACEBOOK FREE: GET THE COURIER-MAIL’S REALESTATE NEWS IN YOUR INBOXlast_img

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