Real Estate

a sydney suburb has its property record broken by more than 2m

Written by The ReReport

Ohana on a Sydney beachfront has just broken a suburb record by more than $2 million.

A landmark house on Narrabeen Beach has sold for a new suburb record of $7.55 million.
Ohana means family in Hawaiian culture and certainly this Ocean St property has family living written all over it. The six-bedroom house has a heated pool with slippery dip, home theatre and the back yard opens right onto the beach.

MORE: Groundhog day for Bondi hoarder house

Play putt-put golf in your own backyard

Sunrise beauty, just traded for $7.55 million.

The sale is also keeping the suburb record in the family too as the top three sales in Narrabeen are all in Ocean St.
Number 197 Ocean St now holds the suburb record by a cool $2.02 million. The previous record was held by 107 Ocean St which traded for $5.53 million in June 2016.

The third-highest sale in Narrabeen is also in Ocean St. Number 171 sold for $5 million in June 2015.
Brendan Pomponio, of Belle Property Dee Why, said Ohana was on 1000sqm of oceanfront land with a council reserve on one boundary and views stretching from Long Reef Point in Dee Why over Collaroy and Narrabeen beach to Turimetta head.

The backyard of Ohana.

Wide ocean views over two big beaches.

The two-level home was built in 2007 and is a landmark property in the area.
Earlier in the year the house had a price guide of $7.3 million to $8 million. According to CoreLogic the prestige home has been on the market for 339 days.
The house has a open-plan layout with floor to ceiling windows allowing views to filter into nearly every room. The main bedroom even has his and hers walk-in wardrobes.

The schmick kitchen.

Agents on the northern beaches have commented this week that the prestige end of the market is performing well as buyers who don’t have to borrow from banks reposition themselves and purchase top-drawer property.


Other top sales this week include a Queenscliff apartment, at 4/5 Pavilion St for $5.7 million, also by Belle Property, and a house at 24 Bynya Rd, Palm Beach for $5.2 million.
The median house price for the northern beaches is $1.8 million.

Source link