Merewether Marvel Smashes Real Estate Record

 Merewether Marvel Smashes Real Estate Record

A majestic home in Merewether – one of Newcastle’s most sought-after suburbs – has just sold for $7.25 million, smashing a real estate record in this harbour city for the first time in over a decade.

The three-storey designer dwelling at 38 John Parade was bought by a local family prior to its planned auction. Collaboratively designed by award winning architects Chris Mury Architects and Shane Blue of Bourne + Blue, this ground-breaking 4 bedroom, 3.5-bathroom, triple garage residence sits in a league of its own and fuses sleek lines with a sleek minimalistic feel.

Boasting an unrivalled beachfront locale, this prime property also enjoys an inviting outdoor terrace that comes complete with a heated pool, window-walled ocean-view living spaces designed for all occasions, and a stunning ocean deck framed by the building’s facade. The top-level plays host to a hotel-style master suite that benefits from its own space and privacy, accompanied by a home office, opulent dressing room, and lavish fully glass tiled en-suite.

The previous record in Newcastle was set way back in 2008 when a businessman bought former convent Jesmond House, spanning three street addresses, for $7 million.

There were sixteen other aspiring bidders who had hoped to buy the home, and while the sale was a rare one – due to both its high price and because homes in the area are tightly held for an average of 12 years – its further proof of the effect Covid-19 has had on the real estate market, with Sydney buyers moving north, as the coronavirus pandemic has enabled more city dwellers to work from home.

Address:

38 John Parade, Merewether NSW 2291

Agent:

Mark Kentwell 0402901044

Natalie Tonks 0492600

PRD Nationwide Newcastle & Lake Macquarie

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