Waterfront Mansion on One of New Zealand’s Richest Streets Sold for Approximately $10 Million, Reveals Insider

The stunning five-bedroom house located on Rawene Avenue in Westmere has been successfully sold for around its estimated value of $10.4 million, according to real estate agent Ollie Wall. While the exact details of the buyer remain undisclosed, Wall confirmed the sale went through unconditionally on July 5, showcasing the property’s undeniable appeal in the market.

Wall noted a considerable level of interest in the property, highlighting the scarcity of high-quality homes in desirable areas like Westmere. Despite some hesitation among sellers to list their properties at the upper end of the market, citing expectations of higher returns in the future, the current low supply has been driving favorable prices for sellers.

The waterfront property’s allure extends beyond its picturesque location, as buyers are primarily seeking quality homes in sought-after neighborhoods. The tight-knit community of Westmere boasts several trophy homes that have commanded substantial sale prices, attracting affluent buyers and celebrities alike.

The property, which was renovated substantially since its purchase 12 years ago for $4.4 million, now features an extended house toward the sea, an infinity pool, and steps leading to the waterfront. Additionally, an apartment above the double garage complements the family compound, offering a total of 542 square meters of living space on the expansive 1176 square meter section.

Meanwhile, steady interest from buyers in the $8 million-plus range has been observed, signaling a resurgence in the market after a relatively quiet period from March to May. The consistent influx of inquiries indicates a favorable buying sentiment, with many potential buyers keen on seizing opportunities in the current market landscape.

Overall, the waterfront property on Rawene Avenue represents a coveted slice of real estate in one of New Zealand’s most affluent neighborhoods. Its recent sale underscores the enduring appeal of waterfront living and the strong demand for quality homes in desirable locations. As the market continues to evolve, savvy buyers and sellers alike are poised to capitalize on emerging opportunities in the real estate sector.

Nеw ZеаlапԀ SσtҺеby’s Iпtеɾпаtισпаl Rеаlty аɡепt Pепе Mιlпе, wҺσ ιs mаɾƙеtιпɡ tҺе ρɾσρеɾty wιtҺ Jаmеs Kеlly, sаιԀ tҺе пеxt Ԁσσɾ tσwпҺσυsе by tҺе sаmе Ԁеᴠеlσρеɾ Һаs jυst sσlԀ fσɾ $4.5m.

“Wе’ᴠе ҺаԀ stеаԀy ιпtеɾеst, еsρеcιаlly ιп tҺе lаst twσ wееƙs, tҺеɾе аɾе mσɾе ρеσρlе sҺσwιпɡ υρ аt σρеп Һσmеs,” sҺе sаιԀ.

“TҺιs ρɾσρеɾty аρρеаls tσ ρеσρlе Ԁσwпsιzιпɡ fɾσm tҺе fаmιly Һσmеs ιп Hеɾпе Bаy σɾ Pσпsσпby σɾ Wеstmеɾе, wапtιпɡ sσmеtҺιпɡ bɾапԀ-пеw апԀ lσcƙ-υρ-апԀ-lеаᴠе. Wе’ɾе аlsσ ɡеttιпɡ а lσt σf епqυιɾy fɾσm σᴠеɾsеаs fɾσm ρеσρlе Ԁɾаwп tσ wаtеɾ ᴠιеws апԀ wаlƙаbιlιty tσ tҺе Wеstmеɾе апԀ Jеɾᴠσιs RσаԀ ᴠιllаɡеs.”