Nestled in the heart of Castor Bay, 1 Marama Street is a stunning family residence on a freehold site, boasting 4 bedrooms, 5 bathrooms, and 2 car parks. Constructed with wood walls and an iron roof, this 308sqm home with a 310sqm land area is in a good condition both inside and out. The property, built in 2024, stands on an easy-to-moderate rise contour, offering breathtaking sea, beach, and urban views. The capital value as of June 2021 is $2,600,000, with a HouGarden AVM of $2,495,000, reflecting a significant growth potential. The latest sale on September 25, 2024, was at $3,150,000, marking a notable increase in market value.
Historically, the property has seen a rapid rise in its capital value, indicating a promising investment. The quiet cul-de-sac is not only a prime location but also zoned for the highly esteemed Westlake Boys & Girls High School, Campbells Bay Primary, and Murrays Bay Intermediate, making it an ideal choice for families.
With a land area of 1012m2, zoned Mixed Housing Suburban, the property presents a golden opportunity for further development. It's a short distance to both Castor Bay and Milford beaches, perfect for a morning stroll or a visit to the nearby Milford Mall for shopping and dining experiences. This is a rare gem in a world-class location, waiting to be snatched up by the discerning buyer.
Updated on October 09, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 4 | 3 | 0m2 | Year 2025 Month 01 Day 01 | $1,800,000 | Council approved | |
 | 0.27 km | 4 | 3 | 0m2 | Year 2024 Month 12 Day 05 | - | Council approved | |
 | 0.28 km | 4 | 3 | 320m2 | Year 2024 Month 11 Day 01 | - | Council approved | |
 | 0.06 km | 3 | 1 | 90m2 | Year 2024 Month 10 Day 23 | $1,400,000 | Council approved | |
 | 0.10 km | 3 | 1 | 120m2 | Year 2024 Month 08 Day 28 | - | Council approved |