51 Stevens St, Yeronga is on the market via expressions of interest.
A Brisbane riverfront estate spanning more than 7,300 sqm has hit the market for the first time in 25 years.
It comes as Brisbane’s prestige riverfront market enters a new era, with scarcity driving prices to historic highs.
Last year, around 40 riverfront houses sold across the city, yet the total value of transactions reached $231.8m, and the average sale price rose 29 per cent to a record $5.8m, according to Place Advisory data.
Aerial view of 51 Stevens St, Yeronga.
Inside 51 Stevens St, Yeronga.
The year also marked a milestone moment for Brisbane’s top end, achieving two $20m-plus riverfront sales in Hawthorne.
Heath Williams, of Place New Farm, is marketing the latest riverfront property to hit the market at 51 Stevens St, Yeronga.
“True riverfront holdings are the rarest commodity in Brisbane real estate; they simply don’t exist in volume,” Mr William said.
“The last time an estate of this scale changed hands in Yeronga was decades ago.”
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Property on the riverfront in Yeronga is tightly held.
The property has 57m of river frontage.
Built in 1969–1970 and commissioned by the Foyster family, 51 Stevens St was the most expensive home constructed in Brisbane at the time.
Set across a single level, the 7,326 sqm estate with 57m of river frontage remains one of the largest intact riverfront landholdings within 6km of the CBD.
Inside, formal and informal living zones flow to floating travertine terraces overlooking the Brisbane River and Indooroopilly Golf Course.
The five-bedroom house includes grand-scale living and dining spaces, a butler’s pantry and cold room, 600 bottle wine cellar, gym, six-car basement, tennis court, 18m pool, pontoon, boat ramp and self-contained studio.
The house sits on a huge 7326sq m block.
The property includes a tennis court.
“The combination of riverfront land, privacy and single-level living makes it one of Brisbane’s most desirable estates,” said Mr Williams.
“You simply can’t recreate this scale today.”
The property is for sale via expressions of interest.
Yeronga has recorded a 25 per cent jump in house values over 12 months with the suburb median sitting at $1.625m.
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