In the current 'hot' real estate market, absolute beachfront properties lead the way, again, with superb investment potential. With the "Pole House", we offer one of the most recognizable landmark homes in Papamoa, on a completely private double-wide beachfront section. Due to the limited supply and the increasing demand for absolute beachfront homes suitable for owners/families, prices for selected beachfront properties have remained stable. Many of the builders and investors nationwide are looking for gold-plated, iron-clad investment opportunities. That is why we have accummulated beachfront properties in the hot BOP market. Nothing beats unique properties when it comes to appreciation, and absolutely nothing appreciates better than scarce beachfront properties. They don't make them anymore here in the Bay of Plenty - and we have just the right properties for you! From sections to hold your place right on the dune, to luxury beach homes with thousands of square metres of beachfront dream. If you are serious about using real estate for quality investments, beachfront is for you.
Here is an excerpt from the Bay of Plenty Times of 1 November 2000: WATERFRONT LAND PRICES JUST KEEP ON RISING, Graham Skellern Waterfront property in Tauranga and Mount Maunganui continues to buck the trend with more than $6 million worth of sales concluded by one real estate company in the past few weeks. The pick of the sales was a $3 million deal by a local businessman for two neighbouring properties, totalling 3,400 square metres of land, on Oceanbeach Road at Omanu."The coastal beachside resort type properties in the upper end (of the market) are well sought after," said Kevin Wehipeihana, managing drector of Bayleys Distinction Realty. "There is a desire by purchasers to get near the water or on it and they are prepared to pay a substantial premium. The deals are being done contrary to the doom and gloom. The waterfront properties have not been affected by the slowdown experienced by the overall residential market this year." There were six strong inquiries on the properties at 121 and 123 Oceanbeach Road (total 1997 government valuation $1,765 million) which have more than 30 metres of beach frontage. One of the 1960s-built, four-bedroom houses is on the edge of the beach and the other is positioned near the road and does not have a beach view. A modern three-bedroom two-level home further down the coast towards Papamoa in Sunbrae Grove was also sold to a local businessman for $1.1 million (government valuation $780,000). On Marine Parade a three-bedroom, two-level home sold at auction for $765,000 and nearby a freestanding modern townhouse on half a site changed hands for $660,000. The home at 118 Marine Parade was bought unseen by an expatriate New Zealand couple living in Indonesia who spotted the property on the internet and entered the bidding.
Other Bayleys sales have been:
A new three-bedroom, masonry townhouse on 399 sqm of waterfront land in Harbour drive, Otumoetai fetched $717,500.
A three-bedroom home one block from the beach in Lee Street, Mt. Maunganui, reached $330,000 at auction.
A four-bedroom, three storey modern home in Grace Avenue, Mt. Maunganui, fetched $515,000 in a post-auction deal.
A lakeside home in Royal Palm Beach estate's Kokomo Key, a winner in last year's Home of the Year awards, sold for $535,000.
Another three-bedroom house in Royal Palm on the lake in Santa Barbara Drive fetched $515,000.
© 2000, Bay of Plenty TimesFor the best mortgages in the area, check out:
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On the Dune: $895,000
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Area Information
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Back
On the Dune: $895,000
-SOLD-
Area Information
-SOLD-
-SOLD-
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Back
On the Dune: $895,000
-SOLD-
Area Information
-SOLD-
-SOLD-
-SOLD-
-SOLD-
Area Information
-SOLD-
-SOLD-
-SOLD-
-SOLD-
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