Property Watch: Waterfront offering in Eleebana and rare opportunity in Bar Beach

FIRST TIME LISTED: This dual-level home in sought-after Paroo Avenue, Eleebana has rare deep water frontage and exquisite views.
FIRST TIME LISTED: This dual-level home in sought-after Paroo Avenue, Eleebana has rare deep water frontage and exquisite views.

A waterfront home in an exclusive part of Lake Macquarie is being offered for the first time since it was built in the 1980s.

The home of the late Robert “Bobby” Palmer, a well-known Newcastle businessman in the 1950s to 1980s and one-time coal mine owner, is being marketed by LJ Hooker’s Joshua O’Doherty and will be taken to auction on December 2.

The four-bedroom residence at 21 Paroo Street in Eleebana was built by Mr Palmer’s son-in-law Bryn Bell, formerly of Belkin Constructions. Mr Palmer, who passed away this year, was also the father-in-law of former Newcastle lord mayor Jeff McCloy.

The home has three bathrooms, sunken lounge and dining rooms and offers deep water frontage and a private jetty. It also has an inground pool overlooking the lake.

Another waterfront residence in Paroo Avenue sold for $2.8 million in May this year and Mr O’Doherty said there had been “solid interest” in the property.

“Only people in Paroo Avenue can moor their boats there, so there is a lot less boat activity than in other exclusive parts of the lake,” Mr O’Doherty said.

“There are also only three streets on the eastern side of Lake Macquarie that you can buy a home with deep water frontage, so the homes there are very tightly held.”

TERRACE TALES

An historic Hamilton terrace has hit the market with mystery surrounding it.

The three-bedroom residence was built circa 1890 as one of a row of eight terraces.

Owners Tony and Sue, who are sorry to be selling up after 11 years, said one unconfirmed story surrounding the history of the terraces was that a husband and wife built one for themselves and the others for their seven daughters.

The home has been renovated but retains beautiful period features including unique masonry symbols.

First National’s George Rafty is marketing the property and will take it to auction on December 16 with a price guide of $1.2 million to $1.32 million.

The first open house will be at 11am today.

HISTORIC: This Hamilton terrace was built circa 1890 as a row of eight, believed to have been constructed for the one family.

HISTORIC: This Hamilton terrace was built circa 1890 as a row of eight, believed to have been constructed for the one family.

DOUBLE OFFERING

Two side-by-side waterfront properties, both over 1000 square metres, at 91 and 93 Marks Point Road in Marks Point with the same owner have been listed for sale through Dalton Partners’ Andrew McGavin.

Both have attracted plenty of enquiry since hitting the market last week and are each expected to fetch between $1.2 million to $3 million.

This home at Marks Point takes up 512 square metres of an 1136 square metre block and has stunning views of Lake Macquarie.

This home at Marks Point takes up 512 square metres of an 1136 square metre block and has stunning views of Lake Macquarie.

BAR BEACH BLOCK

PRDnationwide’s Mark Kentwell expects a 416 square metre vacant block off Memorial Drive to attract plenty of interest.

It is located at 1A Fenton Avenue and will be sold at auction on December 13 with a price guide of $1.5 million to $1.65 million.

It formed part of a 1233 square metre block on Memorial Drive, which was purchased for $3 million last year. The distinctive 1930s residence has since been knocked down.

Vacant land in Bar Beach is hard to come by. This property at 1A Fenton Street is set for auction on December 13.

Vacant land in Bar Beach is hard to come by. This property at 1A Fenton Street is set for auction on December 13.

UNDER $500K

A three-bedroom cottage at 23 Railway Street, Dudley should prove popular with first home buyers with a price guide of $420,000 to $460,000. It is being marketed by Century 21 with a December 16 auction.

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