'This is really very special': The beachfront home expected to set new sale record

The Pearl Beach luxury home market has done well in the wake of the COVID-19-led border closures.

This is evident not only from the soaring local median house prices – up 5 per cent for the first three months of this year in the wider Gosford region – but more so by the slew of trophy home sales on the beachfront.

The Pearl Beach luxury holiday home market scored its first house sale of $5 million in 2007 when BridgeClimb founder Paul Cave bought on Gem Road.

Two years later, billionaire Brett Blundy bought on the beachfront for $5.8 million but sold in 2015 for a loss at $5.2 million to former Australia Post chief Christine Holgate.

There wasn’t another sale in that rarefied $5 million-plus range until after the COVID-19 virus had already touched down in Australia in early 2020 and in the 12 months since then there have been four such sales, including a new record of $6.3 million set last October for the home of Brian Mazlin.

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Expect another record when this beachfront residence Pearl Beach Villa sells given a guide of about $9 million would smash all previous sales records.

Records show the 675-square-metre property last traded in 1993, when sold as land for $575,000.

Christie’s Darren Curtis says the contemporary two-storey residence was built about 22 years ago.

“This is really very special,” says Curtis.

“The owners drilled down more than 16 metres to build the property on concrete piers with a concrete slab and a steel frame that offers a solid build quality and with rare direct beach access from the living areas.”

Curtis and his co-agent Stuart Gan from Coast Realty are running an expressions of interest campaign.

SOLD - $8,600,000

18a Coral Crescent, Pearl Beach NSW 2256

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