Sold for $800k above reserve!

An extraordinary ‘holiday lifestyle’ opportunity complete with Scarborough Beach access has fetched a Wombarra record of $4.1 million at auction.

49 Monash Street, Wombarra

The auction was well attended last Friday evening at the Belle Property Auction centre, and attracted three bidders from its four registered parties. Auctioneer Damien Cooley took a $2.5 million opening bid on the retreat that last sold for $2,225,000 in 2004. Bidding between 2 parties quickly reached $3 million before stalling for a few moments. A third party then entered the bidding and the numbers flew to $3.9 million within a matter of seconds, before finally landing at $4.1 million and selling under the hammer, for well above the set reserve price.


Belle Property Illawarra agent Andrew McLeod described the renovated home as a laid-back coastal oasis customised for five-star family comfort. Renovated to an exacting standard, it offers mesmerising, ultra-private views from the light-filled central lounge/dining area, dual entertainers’ decks and deluxe master bedroom, sitting on an ultra private 1043sqm parcel of land.


Wombarra’s previous residential sale record was 2-4 Reef Avenue, which sold for $4 million last year.


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