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.
38 John Parade, Merewether NSW 2291
Mark Kentwell 0402901044
Natalie Tonks 0492600
PRD Nationwide Newcastle & Lake Macquarie