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December 08, 2017

Property Watch: A new suburb sale record Kotara South

A renovated rainforest retreat set on nearly 2000 square metres has sold for $1.09 million, setting a new suburb record for Kotara South.

But it may already be under threat with another unique listing hitting the market through the week that is expected to also fetch over $1 million.

Serial renovators Kristin Hughes and partner Ben Street, who own business Rockscape Unique Outdoor Designs, bought a 1884 square metre property at 37 Stuart Avenue in 2012 and slowly renovated.

The finished product was a home which blended indoor and outdoor living and offered tranquility moments from the hustle and bustle of urban life.

They added several outdoor spaces, including entertaining decks which sit canopied by trees, a rainforest boardwalk, fire pit, cabana with spa, waterfall and chicken house.

Andrew McKiernan, of McKiernan Real Estate, sold the four-bedroom residence by expressions of interest and always felt it would break the $1 million mark.

“I’d never seen anything like it before,” Mr McKiernan said.

“I knew it was going to be a stand-out and it was hard to compare it with anything else in there. It warranted to be over $1 million for what it was and, as it turned out, we had three people who would have bought it for over that.”

The previous suburb record was $1.07 million, for a home on Kirkdale Drive sold this year.

For the full article please click here http://www.theherald.com.au/story/5103079/record-sale-of-109m-in-kotara-south/