Oceanfront mansion with 3000-bottle cellar tipped to smash suburb record

December 21, 2020


Oceanfront mansion with 3000-bottle cellar tipped to smash suburb record

December 21, 2020

Without doubt, this is one of the most exceptional homes on Perth’s southern coastline and is expected to set a new record for the suburb of Waikiki.

Located high on an elevated 5226sqm block with a notable glass dome, the landmark property at 5 Shelton Street in Waikiki is a unique proposition, well away from the area’s plethora of modest 3×1 homes and median house price of $350,000.

Built in 1995, the abode dubbed Bayview hosts five bedrooms in the main residence and a three-bedroom annex, as well as a stunning indoor swimming pool, a temperature-controlled 3000-bottle cellar that comes with a private tasting area and two fully-equipped outdoor bars.

Selling agent Daniel Ialacci, from Ray White Rockingham Baldivis, said the property was a standout and expected it to break all previous sale records in the area.

“There are a couple of high-end properties and then there’s this one,” Mr Ialacci said.

“This property is definitely in a league of its own, which is why it’s probably attracted so much attention.”

Set over three levels, the floorplan spans 1166sqm and includes a spacious atrium foyer, elegant spiral staircase and rear sunroom that takes in spectacular views over the hinterland and Darling Range. The top floor is a professional office.

Mr Ialacci said the indoor pool, complete with a dolphin mosaic, was built inside with the sellers’ grandchildren in mind, with an open view from the kitchen and living area.

The estate is securely gated and has CCTV and roller shutters to the windows.

“Everyone who walks in says they love the size of the property and the panoramic vistas, which are some of the best I’ve ever seen,” Mr Ialacci said.

“The home is a real icon and everyone in the local area knows it. There is nothing even close to what this property has to offer in the area.”

The current residential sale record for Waikiki is $2.5 million, which was achieved in 2009.

The property was passed in at auction last Wednesday 9 December and Mr Ialacci is now taking offers.

Source: realestate.com.au