Kiama's Former Record-Setting Home Returns to Market with High Price Expectations
A prestigious property in Kiama, which previously established a new residential sale price record for the popular seaside town, has been relisted for sale. The home at 4 Farmer Street is now on the market with a price guide ranging from $6.4 million to $7 million, sparking interest in the local real estate scene.
Historical Sale and Current Market Position
This home was originally sold during the COVID-19 influenced property boom, fetching an impressive $6.325 million in November 2021. At that time, it broke the $6 million barrier, setting a fresh price benchmark for Kiama, an area already known for high demand. However, the residential sale price record for the suburb has since been surpassed. The current benchmark is held by 21 Bourrool Street, Kiama, which sold for $8 million in May 2022.
Helena Crumpton from Stone Real Estate Illawarra, who facilitated the 2021 sale, is also the selling agent for this latest listing. She noted that the current owners have not made significant structural changes to the property. Instead, they have focused on enhancing the front yard by adding fencing and lawns to create a more child-friendly environment, along with installing a bar in the back garage.
Property Features and Location Highlights
The five-bedroom, four-bathroom home occupies a spacious 1074 square metre block and offers stunning ocean views. Its prime location is between Surf Beach and Kendalls Beach, providing easy access to coastal amenities while avoiding direct salt spray. Key features of the property include:
- A heated pool and spa adorned with Spanish glass tiles
- A climate-controlled cellar, gym, and library
- A four-car garage, workshop, and ample storage space
- An outdoor fire-pit and gas fire for winter comfort
- Air conditioning throughout the home
Mrs Crumpton described the home as "beautifully built" and mentioned that the sellers are moving on to their next project, having thoroughly enjoyed their time there. She emphasized the fantastic location, noting the proximity to beaches and the view of a heritage home opposite, which adds to the charm.
Seller Insights and Market Context
In 2021, the previous seller shared with the Mercury that they had built the house themselves, appreciating its balance of beach proximity without the drawbacks of living directly on the water. This sentiment reflects the property's appeal to buyers seeking luxury and convenience in a coastal setting.
The return of this home to the market comes amid ongoing interest in Kiama's real estate, driven by its scenic beauty and lifestyle offerings. With its record-setting history and premium features, it is poised to attract significant attention from potential buyers looking for a high-end investment or residence in the Illawarra region.
