A two bedroom apartment with harbour views in a tightly held pocket of Sydney’s Lower North Shore was snapped up under the hammer in a competitive auction where the proceeds were bequeathed to charity.
The Kurraba Point property was listed for sale in its original condition, and its renovation prospects was a major selling point of the deceased estate which was donated to Wesley Mission.
Harbour glimpses from almost every room. Picture: realestate.com.au/sold
Homes in Kurraba Point can fetch well into the tens of millions of dollars, with a new suburb record of $28.25m reached over the weekend with the sale of a nearby, waterfront penthouse.
Selling agent James Dorron from O'Gorman & Partners Real Estate Co said the bequeathed apartment had wide appeal that went beyond its blue ribbon location. He spoke with realestate.com.au to share what made this deceased estate attract such competitive bidding.
The property: A two bedroom, one bathroom apartment at 2/48 Shellcove Road, Kurraba Point. It sold at auction for $1.855 million on October 11, 2025.
Offered for sale for the first time in about 40 to 50 years, Mr Dorron said the apartment featured 105sqm of living space including a living area with a separate dining space that opened to a balcony with glimpses of Sydney Harbour.
Selling agent James Dorron from O'Gorman & Partners Real Estate Co.
It is one of 12 apartments in a secure boutique block situated a stone’s throw from Kurraba Point Wharf.
Suburb snapshot: The median price for a two-bedroom unit in Kurraba Point was $1.5 million in September, according to PropTrack data.
Were you surprised by the result?
We were getting the clients prepped that if they got interest around the mid-$1 million [$1.5m], they should consider it. They set their reserve a bit lower than that because they wanted it sold, so the reserve was probably a bit lower than where I was expecting it to perhaps end up, but the market has also started to pick up as well.
How many parties registered to bid or made an offer?
The reserve was $1.4 million. We had bidding at $1.47 million through to $1.855 million and there was probably over 10 [bidders] registered. It was fought out by half a dozen bidders.
What is the most interesting thing about this sale?
You don't get a lot of sales that are for a charity. I didn’t know much about the vendor but my understanding was that it was part of a deceased estate, and obviously, the monies were left for the charity. She was one of the original owners of the block…she'd been there a long while.
The unit sits in a boutique block of just 12. Picture: realestate.com.au/sold
The uniqueness about this property is that it was a really good size. It attracted everyone from home buyers, to renovators, to flippers, to investors, it got the whole spread. Ultimately it went to an owner occupier.
The apartment sits moments from regular bus & ferry services to the Sydney CBD. Picture: realestate.com.au/sold
The floor plan probably allowed people some flexibility to either open it up a bit more, add a second bathroom, even a third bedroom. There is not a lot of properties that can do that.
How long was the property on the market?
Four weeks. Because it was with the charity it had to be sold at auction with their internal procedures.
What do you see as the future possibilities for the area?
Kurraba Point is a bit of a hidden gem so to speak. Shellcove Road has got multi-million dollar homes [on the water] at $20 million-plus.
Homes along the water can sell well into the $20 million range. Picture: realestate.com.au/sold
The feedback from buyers that were coming through was that they’ve never heard of Kurraba Point - it's one of those suburbs that is a little bit missed on people's radar.
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