New record for ocean-front property
Dee Why has hit a new residential suburb record, with the off-market sale of a headland home scoring just under $10 million.
The oceanfront home at 14 Summit Ave sold to expats for a confidential sum but it is believed it is at least three times the $3.03 figure which the home was purchased for in 2014.
A spokesman for Max Walls International confirmed the 765sqm cul-de-sac property did trade but couldn’t comment on the sale. He did however share there was a growing number of Australians living overseas who were returning home after the pandemic and looking to secure premium Sydney property.
“In Dee Why they are looking from Molong St to Monash Pde and they have up to $15m American dollars for the right property,” the spokesman said.
Robert Klaric, The Property Expert buyers advocate, was more forthcoming saying he was engaged by the purchaser to find a front row headland property.
The previous record for Dee Why was $8.05m set in June 2021 for 7 Lookout Ave, another oceanfront headland property at the end of a cul-de-sac one street away from Summit Ave.
Images: Real Estate.com.au