No. 116 Ocean Parade, Blue Bay, is on the market.
This five-bedroom property on the Central Coast has gun barrel views of Pacific Ocean, but with a twist.
The 815sqm landholding at 116 Ocean Parade, Blue Bay, is offering buyers the ability to build their dream home at an impressive waterfront address.
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It has come to market just before Christmas with a $3.665m price guide through Raine & Horne — Terrigal-Avoca Beach agent Craig Fisher.
The property is near the suburb of The Entrance.
Known as Blue Waters, Mr Fisher said the property would allow someone to design a significant oceanfront property.
“For that type of price point and buyer demographic, the house will appear to those looking to build their dream home.” he said.
Mr Fisher said the vendors have come to market to capitalise on the booming Central Coast property market.
“The $4.455m suburb record we set with the sale of 130 Ocean Parade has prompted this listing,” he said.
“Blue Bay is really strong at the moment with many high net worth individuals that don’t want to be reconsigned are looking to buy here.”
In its current form, Blue Waters has been designed to have plenty of glass so majority of rooms can capture ocean views. Inside has high ceilings, ducted airconditioning and a mixture of formal and informal living spaces.
There is also an electric kitchen, triple garage and a self-contained area that is ideal for accommodating sleepover guests or teenage retreat.
Buyers looking to escape Sydney are expected to be the main buyer group for this property. Mr Fisher said Sydneysiders are being lured to the area because of the ability to work from home and a lifestyle shift.
Sydney are expected to be a dominant force.
There is also a development upside.
“Last year only 12 per cent of my stock sold to Sydneysiders, but this year it’s 66 per cent,” he said.
Mr Fisher added 116 Ocean Parade offers something for developers with it being zoned for future development.
“This would allow someone to build luxury apartments or a duplex,” he said.
The property is listed via a preview campaign. If it does not sell before Christmas, an auction date will be set for the new year.
