Former Newcastle Lord Mayor Jeff McCloy selling landmark Belmont waterfront
The former Lord Mayor of Newcastle and Property Developer Jeff McCloy and his wife Tracey have listed their landmark Belmont property on Lake Macquarie.
Built in 1996, the Far North Queensland-inspired residence at 148 Ross Street is set in the exclusive Green Point Estate on almost 2000 square metres of prime waterfront land.
A true one-off style of home, it is brimming with character, stories and luxury inclusions.
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Unreal Hunter Valley home sits suspended above lake
Snippets from the Hunter’s history, including a porthole from the sunken Sygna, sit alongside pieces from the McCloy’s vast travels.
McCloy was Lord Mayor of Newcastle between 2012 and 2014, resigning under controversial circumstances.
Before entering politics, he ran his own construction company, which built John Hunter Hospital.
His Belmont property, which was recently one of the top searched in the state on realestate.com.au, is currently being marketed by Expressions of Interest through LJ Hooker Belmont.
Agency Principal Joshua O’Doherty is leading the campaign for the home, one that he feels set the standard for many other lakeside properties.
“Primarily built as the McCloy family home, the unparalleled resort-style home is only matched by its unrivalled location set in the Golden Triangle of east Lake Macquarie waterfront locations,” Mr O’Doherty said.
Mr O’Doherty said that a property like this one only hits the market once every 20 years, and it was next to impossible to set a price guide.
“The highest price we have seen in Belmont is $3.44 million, but the land was half the size of this and it wasn’t an absolute waterfront. There have also been knockdown’s on 1000sqm properties for $2.5 million,” he said.
The lakefront home features four bedrooms, three bathrooms, multiple living spaces, as well as a separate guesthouse, in-ground pool, outdoor deck, three-car garage, private jetty and slipway.
Created in collaboration with master craftsmen who lived on site and organically hand-built the residence in conjunction with the needs of the McCloys, the structure includes irreplaceable hardwood sourced from North Queensland.
The split-level ground floor encompasses a gourmet entertaining kitchen, dining and living rooms with cosy wood fireplace, plus eastern and western bedroom wings. A secluded main bedroom features an ensuite for two, deep stone tub and outdoor shower.
Another two generous double bedrooms with a shared bathroom and extra powder room enjoy their own deck access, plus a mezzanine level with a fourth bedroom features a private walkway to an elevated observation platform. Separate guest quarters with ensuite and sauna, heated in-ground pool, a 1000+ bottle wine cellar, integrated climate control, a three-car garage and back-to-base security.
A leader in Hunter property development for many years, the McCloy Group — of which Mr McCloy is chairman — has been instrumental in shaping the face of infrastructure and landscape of the Newcastle, Lake Macquarie and Hunter Valley communities.
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Other notable projects from the McCloy Group portfolio include the City Exchange on Hunter Street, Jewellstown Plaza, Northlakes Estate Cameron Park, as well as multiple retirement, residential and commercial undertakings.
Mr O’Doherty said that after many years on beautiful Lake Macquarie, the McCloy family are embarking on the next chapter of their journey, which includes the near-completion of a new family home in the Newcastle city precinct