Historic Waterfront Residence in Geelong Fetches over 4 Million AUD
In the latest real estate news from our sources, a historic property at 18 Eastern Beach Rd, widely known as part of the Walbaringa Flats, has been sold for an impressive sum of $4.25 million. The sale occurred just a few days before the residence was due to go under the hammer at a scheduled auction.
Historic Significance of the Walbaringa Flats Property
The iconic Spanish Mission style home has a history that reaches back up to 1928, making it a significant part of Geelong’s architectural heritage. Over six decades, the property has remained in the hands of the same family, since 1960, and is a recognised landmark in Geelong.
Architectural Features of the Residence
The sprawling three-level residence flaunts four comfortable bedrooms and aesthetically pleasing architectural elements, including arched windows, Cordova tiles, and decorative balconies. The residence also boasts panoramic views of Geelong’s striking waterfront, a notable highlight for both the sellers and the buyers.
New Owners and Their Plans
The new custodians of this beautiful property, a couple hailing from Melbourne, have expressed their intention to spend more time in Geelong. The grand design of the residence fully maximizes the picturesque waterfront views. Its generous top-floor wraparound balcony providing breath-taking 180-degree vistas of the bay.
Bridging the Gap between Modern Living and Historical Architecture
Despite the exterior’s historic facade, the interior of the property echoes the comforts of modern living. Its unique location and design cater to the needs of both families and individuals who wish to downsize while retaining the perks of beachside living and quick access to the city’s CBD for dining, shopping, and entertainment options.
The Property Market in Geelong
- The brisk sale of the Walbaringa Flats property highlights its enduring appeal.
- It underscores the persistent interest in Geelong’s waterfront residences.
- Our sources indicate that the local property market momentum shows no signs of slowing down, with increasing buyer interest in both historical and waterfront properties.
The significant transaction reiterates the potential of Geelong’s real estate market, driven by the region’s rich history and nature’s bounty in the form of the stunning waterfront.
