Geocon founder's home breaks Kingston record

The Kingston home of Nick Georgalis, founder and managing director of Canberra Property Development Group Geocon has smashed Kingston’s suburb house record selling for $2.8 million.

Located at 84 Dawes Street, the home surpassed the suburb median by $1.3 million and is the epitome of luxury living, with the lively Kingston Foreshore at its doorstep and soon-to-be Kingston Arts Precinct.

Designed by renowned architects the Marchese Partners, no expense has been spared in the creation of the unique space hallmarked by exceptional attention to detail.

A rooftop garden with a spa, an undercover alfresco area and a 25-metre lap pool are just some of the highlights of the grand residence.

“It’s really an oasis within the city,” said Georgalis.

“You’ve got the luxury of cooling down in the warmer months with the outside entertaining area and pool, and heating up in the cooler months in the spa at the rooftop.”

The light-filled residence has been designed over three levels and features four spacious bedrooms with the master retreat highlighted by a fireplace and a balcony to take in expansive views.

The living areas are generous with a strong connection to the outdoors, either to a highly private alfresco areas or to a long ribbon of the inground lap pool.

“It’s an extra large home and every area is extra large,” said Georgalis. “There’s a nice flow to the home, it’s very fluid.”

• Related: Franklin luxury home breaks suburb record at just over $1.5 million 
• Related: Kingston Foreshore sale reflects hot end to Canberra’s commercial year 
• Related: Metropol pop-up the first to showcase state-of-the-art technology

The home beat the previous suburb house record by $575,000, set last year by 5 Charles Francis Lane. The current overall suburb record for Kingston is held by a unit for $3.1 million.

Georgalis said the growing demand of his family was the reason they were moving on from their much-loved home of six years.

“We have four kids and now they’re becoming teenagers, and with that comes other demands. They want more privacy and their own rooms.” he said.

“We have outgrown the house, not outlived the house.”

The man behind some of Canberra’s biggest developments said Kingston Foreshore was an exceptional location, particularly with the future projects his company was spearheading.

“We always foresaw what Kingston Foreshore would be in the future and having the restaurant precinct and the lake at your doorstep, it’s one of the most well made places in Australia,” he said. 

“The Kingston Arts Precinct is going to be world class and it’s going to put Canberra on the map especially now that we are going to become a world city.”

KINGSTON

84 Dawes Street

Sold: $2.8 million

Agents: Richard Luton & James Carter, Luton Properties Canberra City, 0418 697 844 & 0413 974 912

3 bed, 4 bath, 3 parking