An award-winning designer beachside home that replaced an ugly duckling has hit the market and the response has been overwhelming.
“It’s been very well received,” says Raine and Horne Bondi Beach and Double Bay principal Ric Serrao of the five-bedroom, four-bathroom “architectural masterpiece” with double garage at 76 Hastings Parade.
“It’s very special to have a north-facing garden this close to the beach, that’s very hard to get and they only seem to come up every four or five years.”
Designed by renowned architect Andrew Burges, the home won the 2017 Residential Architecture Award from the Australian Institute of Architects and was shortlisted among 17 houses globally for the 2017 World House of the Year at the World Architecture Festival.
There’s already been an offer of $17m, which is the price guide, but that buyer, who was from out of the area, has now snapped up something else in their own neighbourhood.
But Serrao is confident the rare home, with double-height voids and internal bridges separating adult, guest and child zones, won’t sit on the market long.
“The last North Bondi north-facing home we had sold for $12m and prices have gone up 45 per cent since then, and this is easily a $6m or $6.5m build … but I think this will sell below replacement cost.”
His vendors, director of Redpoint Capital Partners Steven Hall and his wife, Natalie, are building a new home in the northern rivers and will look for a Sydney bolthole.
Records show they’d purchased the pink “ugly duckling” on the 474sqm block for $2.2m in 2009 and completed the new residence seven years later.
Using pale bricks imported from Denmark and originally developed for the Kolumba Museum in Cologne, the home has an ideal family floorplan, with the bedrooms, an office and a living area upstairs and living areas opening to outdoors downstairs.