Described as a family bach, a 1940s wooden waterfront home on Waiheke Island has sold for just under $4 million.

Graham Wall Real Estate was marketing the modest weatherboard at Onetangi beach. Wall said the house was unusual because it had been relocated from Auckland so was much older than many of the other beachfront places there which were built in the 1960s and '70s.

The home has a 120sq m floor area, with decking facing the beach and had a rateable value of $3.95 million two years ago. The 1163sq m, flat, corner site is north-facing and on Onetangi's premium street, The Strand, near eateries Charlie Farleys and The Boathouse. Homes have valuations from $3 million up to $6 million in the area.

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Auckland Council records list it as a "house and shed". The land was valued at $3.8 million in mid-2017 and the home just $150,000.

Annual rates are $8290 at the three-bedroom home with off-street parking for one vehicle and a free-standing garage.

No internal photos of the home were shown in the real estate listing but it is understood to be in relatively original condition.

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On the market in Onetangi: 1/304 Sea View Road. Photo / Supplied

Wall advertised it as "The perfect forever family bach."

The property had been owned by a banking executive who lived in Auckland and used the property as a holiday home. It is not yet clear who the new owner is.

Cecelia and James Robinson of My Food Bag, the meal solutions business, have a bach on the waterfront close to the home and enjoy the attractions and lifestyle which the beachfront area offers them with their young family.

Homes further back from the beach have been selling for closer to $1.5m. A two-level home at 1/304 Sea View Road, is for sale for a fixed price of $2.5 million.

That property has views of Onetangi beach and the Hauraki Gulf.

Go straight to the listing.

- NZ Herald with OneRoof