NSW real estate: Sutherland Shire gets first $20m sale - realestate.com.au

The five-bedroom, tri-level home occupies a block of over 2000sqm with deep water frontage, sparkling views and lush gardens.The property included a heated swimming pool and spa overlooking Burraneer Bay, boatshed, remote Jet Ski dock, slip rails, jetty, pontoon and mooring pen.The palatial master bedroom retreat comes with a full ensuite, walk-in robe. The property last sold for $5.65m in 2012.

Highland Property director David Highland said buyers jockeying for waterfront positions were pushing prices in Buraneer. “Burraneer has been primed for a value surge, and we’re witnessing that now with back-to-back records toppling as buyers clamour to secure premium waterfront product,” he said.“Demand in the prestige market continues to be driven by scarcity of supply, and when coupled with the rarity of one of Burraneer’s last remaining waterfront estates, it’s no surprise that this home attracted such a substantial figure.

Source: Real Estate Daily Report (realestatedailyreport.net)

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