Halekulani waterfront cracks million dollar mark, first time in 16 years
A property in Halekulani has cracked the million dollar mark – the first time that the northern lake suburb has seen such a sale 16 years.
The waterfront home at 83 Sunrise Ave was purchased by a local family for $1.025 million.
Agent Alan Ashburn from LJ Hooker Budgewoi said that the buyers loved the location on Lake Munmorah, which has a nature reserve running alongside.
MORE: Bidders go crazy for absolute dump
Tony Denny’s penthouse sold for top dollar
“It’s almost like an acreage on waterfront, you can’t see any neighbours,” he said.
Set on a 784sqm block, the property includes five bedrooms, and a self contained lower level with potential for Airbnb.
Mr Ashburn said that Sunrise Ave, as well as Diamond Head Dr in nearby Budgewoi, were the best streets in the area right on the lake.
SIGN UP FOR THE NSW REAL ESTATE NEWSLETTER HERE
According to CoreLogic, another property down the road holds the suburb record for Halekulani.
The double block at 97-99 Sunrise Ave was sold way back in 2003 for $1.098 million.
The median house price in Halekulani is $490,000.