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Nestled in the serene Mahurangi East, this exquisite 5-bedroom, 5-bathroom contemporary villa on 137 Ridge Road is a paradisiacal retreat. Constructed in 1940 with wood walls and iron roofing, both in good condition, this freehold property sits on a 4115sqm plot with a floor area of 597sqm. The property boasts a capital value increase of 115.3% from $1,800,000 in 2017 to $3,875,000 in 2021, showcasing its investment potential. The latest sale in 2022 fetched an impressive $4,900,000, while the HouGarden AVM estimates it at $3,605,000.
With a CV growth rate that outpaces the market, this property is not just a home but a smart investment. Adding to its allure, the property is located in a prime school zone, with Mahurangi College (Decile 7) and Snells Beach Primary School (Decile 6) being the notable institutions in the area. The villa offers unparalleled living with stunning sea views, making every day feel like a vacation.
Enjoy the tranquility of a quiet cul-de-sac, while the well-established garden and Xanthe White landscaped surroundings provide a private oasis. The property includes a self-contained apartment, perfect for guests or extended family, and a swimming pool for those hot summer days. This waterfront villa with riparian rights is not just a home; it's a lifestyle choice that offers the best of both worlds—serenity and convenience.
Updated on June 22, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.16 km | 2 | 1 | -m2 | Year 2024 Month 12 Day 03 | $1,080,000 | Council approved | |
 | 3.57 km | 3 | 2 | 160m2 | Year 2024 Month 11 Day 26 | - | Council approved | |
 | 0.30 km | 3 | 3 | 150m2 | Year 2024 Month 11 Day 05 | - | Council approved | |
 | 2.63 km | 6 | 4 | 0m2 | Year 2024 Month 11 Day 01 | - | Council approved | |
 | 1.55 km | 4 | 2 | -m2 | Year 2024 Month 09 Day 18 | - | Council approved |