Not all waterfront property is equal.
A treasured find on Australia’s Sydney Harbor is this vintage boatshed. But it’s not the quaint green-shingled structure that makes it valuable.
The so-called boatshed residence anchors a coveted deep water lot that has sufficient mooring for luxury yachts. (Private Property Global)
It’s the fact that the lot is on coveted deep water, which provides sufficient mooring for luxury yachts. The 21,237 square feet of land, with 131 linear feet of waterfront, is one of the largest privately owned marina facilities in the area that is attached to a residence.
The boatshed sits on a 21,237-square-foot lot with 131 linear feet of waterfront (Private Property Global)
The asking price of $29.841 million may raise the eyebrows of outsiders, but it is in line with what deep water properties command in Point Piper. Long ranked among Sydney’s most expensive suburbs, the area last year saw a mansion on the water sell for $95 million.
Point Piper, where the property is located, ranks among Sydney, Australia’s most expensive suburbs. (Private Property Global)
Yet this is more than just a place to park a yacht and avoid the expense of a commercial marina. The property has two boat docks, four moorings, parking for seven cars, workshop space and the residence itself.
A staircase descends from the street to reach the waterfront boatshed. (Private Property Global)
The boatshed’s entry level, a modernized voluminous space with an open plan living area, dining room and kitchen, takes in views of the bay, marina and surrounding communities. White-painted beam crisscross the vaulted ceiling.
The property has two boat docks, four moorings, parking for seven cars, workshop space and the residence itself. (Private Property Global)
There are two bedrooms and a bathroom on this floor. Stained-glass tops some of the windows, a treatment that is repeated on the lower level.
Above the main living space is the loft-like primary bedroom with an en suite bathroom, a walk-in closet and additional storage.
The open warehouse-style space on the boatshed’s ground floor has plenty of room for water toys, spare boat parts and tinkering. (Private Property Global)
The ground floor represents a return to the original vintage vibe. The open warehouse-style space has plenty of room for water toys, spare boat parts and tinkering.
The rustic, cavernous room has a well-worn wooden floor, unfinished walls, an exposed-beam ceiling and strings of market lights. A double sink sits below a bank of four windows.
On the boatshed’s main floor, an open-plan living area, dining room and kitchen takes in views of the bay, marina and surrounding communities. (Private Property Global)
A paved terrace, a stand-alone changing room and a swimming pool and spa surrounded by lawn fill the waterfront yard, which can be reached from the home’s lower level or by way of stairs that descend from the driveway. Mature and tropical landscaping, including palm trees strung with white lights, creates a buffer to the neighboring homes.
The swimming pool and marina. (Private Property Global)
Nearby are yacht clubs, dining and shops.
Ken Jacobs of Private Property Global, a Forbes Global Properties member, is the listing agent 29A Wunulla Road, Point Piper, Sydney, New South Wales.
Nearby are yacht clubs, dining and shops. (Private Property Global)
Surrounded by homes and mansions, the property can be enjoyed as-is or rebuilt to a new owner’s specifications.
After all, there’s only so much waterfront.
