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
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 2.40 km | -m2 | 2024 05 27 | $840,000 | Council approved | |||
 | 3.23 km | 3 | 2 | 266m2 | 2024 05 14 | $2,730,000 | Council approved | |
 | 3.55 km | 3 | 2 | -m2 | 2024 04 11 | $850,000 | Council approved | |
 | 3.09 km | 3 | 2 | -m2 | 2024 02 21 | $1,288,000 | Council approved | |
 | 3.35 km | 0 | 0 | 0m2 | 2024 02 01 | $1,700,000 | Council approved |